Harley-Davidson Inc (NYSE:HOG) – Analysts at Wedbush decreased their FY2017 earnings per share estimates for shares of Harley-Davidson in a research report issued on Tuesday. Wedbush analyst J. Hardiman now expects that the company will earn $ 3.73 per share for the year, down from their previous forecast of $ 3.93. Wedbush has a “Neutral” rating and a $ 53.00 price objective on the stock. Wedbush also issued estimates for Harley-Davidson’s FY2018 earnings at $ 4.04 EPS.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The firm earned $ 1.33 billion during the quarter, compared to analyst estimates of $ 1.35 billion. During the same quarter in the prior year, the firm earned $ 1.36 EPS. The business’s revenue for the quarter was down 15.7% compared to the same quarter last year. TRADEMARK VIOLATION WARNING: “Harley-Davidson Inc (HOG) Expected to Post FY2017 Earnings of $ 3.73 Per Share” was published by Markets Daily and is the sole property of of Markets Daily. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://www.themarketsdaily.com/2017/04/21/harley-davidson-inc-hog-expected-to-post-fy2017-earnings-of-3-73-per-share.html.
Other analysts have also recently issued reports about the company. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. Citigroup Inc dropped their price target on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a research report on Monday, March 6th. Argus reiterated a “hold” rating on shares of Harley-Davidson in a research report on Friday, February 3rd. Royal Bank of Canada set a $ 58.00 price target on Harley-Davidson and gave the stock a “hold” rating in a research report on Wednesday, February 1st. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $ 49.00 price target on shares of Harley-Davidson in a research report on Thursday, April 6th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have assigned a buy rating to the company’s stock. Harley-Davidson has a consensus rating of “Hold” and an average target price of $ 56.29.
Harley-Davidson (NYSE:HOG) traded down 1.06% during midday trading on Friday, hitting $ 55.87. 1,064,809 shares of the stock traded hands. The company has a 50-day moving average of $ 60.09 and a 200-day moving average of $ 58.06. Harley-Davidson has a 12 month low of $ 41.63 and a 12 month high of $ 63.40. The stock has a market cap of $ 9.75 billion, a PE ratio of 14.59 and a beta of 0.88.
A number of institutional investors have recently bought and sold shares of HOG. NN Investment Partners Holdings N.V. raised its position in Harley-Davidson by 155.5% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 3,045 shares of the company’s stock valued at $ 178,000 after buying an additional 1,853 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Harley-Davidson by 22.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,818 shares of the company’s stock valued at $ 201,000 after buying an additional 700 shares during the last quarter. Stokes & Hubbell Capital Management LLC purchased a new position in Harley-Davidson during the first quarter valued at about $ 201,000. Cpcm LLC purchased a new position in Harley-Davidson during the fourth quarter valued at about $ 203,000. Finally, Putnam Investments LLC purchased a new position in Harley-Davidson during the fourth quarter valued at about $ 204,000. 89.54% of the stock is currently owned by hedge funds and other institutional investors.
In related news, SVP Michelle Kumbier sold 3,049 shares of the stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $ 56.56, for a total transaction of $ 172,451.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Joanne M. Bischmann sold 911 shares of the stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total value of $ 51,927.00. Following the transaction, 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 three months, insiders have sold 103,960 shares of company stock worth $ 5,912,378. 0.99% of the stock is owned by corporate insiders.
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.