Wall Street analysts expect Harley-Davidson Inc (NYSE:HOG) to report sales of $ 1.61 billion for the current fiscal quarter, Zacks reports. Eleven analysts have made estimates for Harley-Davidson’s earnings, with estimates ranging from $ 1.52 billion to $ 1.72 billion. Harley-Davidson posted sales of $ 1.67 billion during the same quarter last year, which would indicate a negative year over year growth rate of 3.6%. The company is scheduled to report its next earnings report on Thursday, July 27th.
On average, analysts expect that Harley-Davidson will report full year sales of $ 1.61 billion for the current fiscal year, with estimates ranging from $ 5.14 billion to $ 5.35 billion. For the next financial year, analysts anticipate that the firm will post sales of $ 5.39 billion per share, with estimates ranging from $ 5.26 billion to $ 5.53 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Harley-Davidson.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 1.02 by $ 0.03. The business had revenue of $ 1.33 billion for the quarter, compared to analyst estimates of $ 1.35 billion. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The company’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $ 1.36 EPS.
A number of equities analysts have recently commented on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $ 49.00 price objective on shares of Harley-Davidson in a report on Thursday, April 6th. Goldman Sachs Group Inc reaffirmed a “neutral” rating and set a $ 54.00 price objective on shares of Harley-Davidson in a report on Tuesday, April 18th. Sanford C. Bernstein reduced their price objective on shares of Harley-Davidson from $ 68.00 to $ 62.00 and set an “outperform” rating for the company in a report on Friday, April 21st. UBS Group AG reaffirmed a “neutral” rating and set a $ 57.00 price objective on shares of Harley-Davidson in a report on Monday, April 17th. Finally, Royal Bank of Canada reduced their price objective on shares of Harley-Davidson from $ 60.00 to $ 57.00 and set a “sector perform” rating for the company in a report on Wednesday, April 19th. 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 stock. The stock currently has an average rating of “Hold” and an average price target of $ 56.12.
In other news, SVP Michelle Kumbier sold 3,049 shares of the business’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $ 56.56, for a total value of $ 172,451.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Joanne M. Bischmann sold 911 shares of the business’s stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total transaction of $ 51,927.00. Following the completion of the sale, the vice president now directly owns 2,195 shares in the company, valued at approximately $ 125,115. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,960 shares of company stock worth $ 5,912,378. Insiders own 0.99% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Concert Wealth Management Inc. raised its stake in shares of Harley-Davidson by 0.6% in the third quarter. Concert Wealth Management Inc. now owns 4,977 shares of the company’s stock worth $ 261,000 after buying an additional 28 shares in the last quarter. SeaBridge Investment Advisors LLC acquired a new stake in shares of Harley-Davidson during the third quarter worth approximately $ 4,591,000. Great West Life Assurance Co. Can raised its stake in shares of Harley-Davidson by 2.7% in the third quarter. Great West Life Assurance Co. Can now owns 718,229 shares of the company’s stock worth $ 37,759,000 after buying an additional 18,614 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Harley-Davidson by 19.5% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,290 shares of the company’s stock worth $ 1,908,000 after buying an additional 5,927 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Harley-Davidson by 0.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 558,798 shares of the company’s stock worth $ 29,387,000 after buying an additional 3,117 shares in the last quarter. 89.54% of the stock is currently owned by institutional investors and hedge funds.
Shares of Harley-Davidson (NYSE:HOG) traded down 0.98% during midday trading on Friday, hitting $ 55.56. 1,961,513 shares of the stock were exchanged. The firm has a market cap of $ 9.78 billion, a P/E ratio of 15.84 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 stock’s 50 day moving average is $ 59.63 and its 200 day moving average is $ 58.55.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 25th will be paid a $ 0.365 dividend. This represents a $ 1.46 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Tuesday, May 23rd. Harley-Davidson’s payout ratio is currently 38.22%.
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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