Harley-Davidson Inc (NYSE:HOG) – Equities research analysts at Northcoast Research lifted their Q1 2018 EPS estimates for shares of Harley-Davidson in a research report issued to clients and investors on Thursday, according to Zacks Investment Research. Northcoast Research analyst S. Woolf now forecasts that the company will post earnings per share of $ 1.30 for the quarter, up from their prior estimate of $ 1.26. Northcoast Research also issued estimates for Harley-Davidson’s Q3 2018 earnings at $ 0.85 EPS.
HOG has been the subject of several other research reports. Citigroup Inc cut their price objective 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. Morgan Stanley reiterated an “overweight” rating and issued a $ 59.00 price objective (down previously from $ 61.00) on shares of Harley-Davidson in a research report on Wednesday, February 1st. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. Wedbush reiterated a “hold” rating and issued a $ 53.00 price objective (up previously from $ 48.00) on shares of Harley-Davidson in a research report on Friday, January 13th. Finally, Royal Bank of Canada increased their price objective on Harley-Davidson from $ 58.00 to $ 60.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 5th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and six have assigned a buy rating to the company’s stock. Harley-Davidson presently has an average rating of “Hold” and a consensus price target of $ 56.12.
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Shares of Harley-Davidson (NYSE:HOG) traded down 1.99% during midday trading on Friday, hitting $ 55.62. 338,342 shares of the stock were exchanged. The company has a market cap of $ 9.79 billion, a price-to-earnings ratio of 15.86 and a beta of 0.88. Harley-Davidson has a one year low of $ 41.63 and a one year high of $ 63.40. The firm has a 50 day moving average of $ 58.76 and a 200-day moving average of $ 58.62.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, topping analysts’ consensus estimates of $ 1.02 by $ 0.03. The business had revenue of $ 1.33 billion for the quarter, compared to analysts’ expectations of $ 1.35 billion. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The business’s revenue was down 15.7% on a year-over-year basis. During the same quarter last year, the company earned $ 1.36 EPS.
A number of hedge funds have recently modified their holdings of the company. NN Investment Partners Holdings N.V. raised its stake in shares of 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 worth $ 178,000 after buying an additional 1,853 shares during the last quarter. Independent Advisor Alliance raised its stake in shares of Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock worth $ 200,000 after buying an additional 2,772 shares during the last quarter. Wayne Hummer Investments L.L.C. acquired a new stake in shares of Harley-Davidson during the first quarter worth about $ 200,000. Tower Research Capital LLC TRC raised its stake in shares of Harley-Davidson by 22.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,818 shares of the company’s stock worth $ 201,000 after buying an additional 700 shares during the last quarter. Finally, Stokes & Hubbell Capital Management LLC acquired a new stake in shares of Harley-Davidson during the first quarter worth about $ 201,000. 89.54% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Donald A. James sold 100,000 shares of the stock in a transaction on Friday, February 10th. The stock was sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the sale, the director now owns 5,523 shares of the company’s stock, valued at $ 314,148.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.99% of the stock is owned by company insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Thursday, May 25th will be paid a dividend of $ 0.365 per share. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend 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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