Harley-Davidson Inc (NYSE:HOG) – Equities researchers at William Blair lowered their FY2018 EPS estimates for Harley-Davidson in a report issued on Tuesday, Zacks Investment Research reports. William Blair analyst S. Zackfia now expects that the company will post earnings of $ 4.14 per share for the year, down from their prior estimate of $ 4.22.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, beating the consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The business had revenue of $ 1.33 billion for the quarter, compared to the consensus estimate of $ 1.35 billion. During the same quarter in the prior year, the business earned $ 1.36 earnings per share. Harley-Davidson’s revenue for the quarter was down 15.7% on a year-over-year basis. COPYRIGHT VIOLATION NOTICE: “FY2018 Earnings Estimate for Harley-Davidson Inc (HOG) Issued By William Blair” was first posted by BBNS and is the sole property of of BBNS. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://baseballnewssource.com/markets/william-blair-comments-on-harley-davidson-incs-fy2018-earnings-hog-updated-updated/638505.html.
A number of other research firms have also recently weighed in on HOG. Citigroup Inc lowered their target price on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a research note on Monday, March 6th. Argus restated a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 3rd. Royal Bank of Canada lifted their target price on shares of Harley-Davidson from $ 58.00 to $ 60.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 5th. Deutsche Bank AG restated a “hold” rating and set a $ 50.00 target price (down previously from $ 52.00) on shares of Harley-Davidson in a research note on Thursday, April 20th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $ 63.00 price target (up from $ 58.00) on shares of Harley-Davidson in a report on Friday, April 14th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and six have given a buy rating to the company’s stock. Harley-Davidson presently has a consensus rating of “Hold” and an average price target of $ 56.12.
Harley-Davidson (NYSE:HOG) traded down 1.87% during trading on Thursday, reaching $ 55.69. The company had a trading volume of 648,827 shares. The firm has a market capitalization of $ 9.80 billion, a PE ratio of 15.88 and a beta of 0.88. Harley-Davidson has a 12-month low of $ 41.63 and a 12-month high of $ 63.40. The firm’s 50 day moving average price is $ 58.76 and its 200 day moving average price is $ 58.62.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be issued a $ 0.365 dividend. The ex-dividend date is Tuesday, May 23rd. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.57%. Harley-Davidson’s dividend payout ratio (DPR) is presently 38.22%.
In related news, Director Donald A. James sold 100,000 shares of the company’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the transaction, the director now directly owns 5,523 shares in the company, valued at approximately $ 314,148.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.99% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Dodge & Cox purchased a new position in shares of Harley-Davidson during the fourth quarter valued at approximately $ 517,798,000. Independent Franchise Partners LLP increased its position in shares of Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock valued at $ 459,909,000 after buying an additional 127,052 shares during the last quarter. State Street Corp increased its position in shares of Harley-Davidson by 1.1% in the fourth quarter. State Street Corp now owns 7,983,530 shares of the company’s stock valued at $ 465,771,000 after buying an additional 89,330 shares during the last quarter. LSV Asset Management increased its position in shares of Harley-Davidson by 2.1% in the first quarter. LSV Asset Management now owns 4,004,414 shares of the company’s stock valued at $ 242,267,000 after buying an additional 80,843 shares during the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of Harley-Davidson by 2.2% in the third quarter. BlackRock Fund Advisors now owns 2,857,606 shares of the company’s stock valued at $ 150,281,000 after buying an additional 60,156 shares during the last quarter. Institutional investors own 89.54% of the company’s stock.
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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