Q3 2016 EPS Estimates for Harley-Davidson Inc. Decreased by Wedbush (HOG)
Harley-Davidson Inc. (NYSE:HOG) – Wedbush dropped their Q3 2016 earnings per share (EPS) estimates for Harley-Davidson in a research report issued to clients and investors on Tuesday. Wedbush analyst J. Hardiman now expects that the firm will post earnings per share of $0.62 for the quarter, down from their previous estimate of $0.66. Wedbush currently has a “Hold” rating on the stock. Wedbush also issued estimates for Harley-Davidson’s FY2016 earnings at $3.89 EPS.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Thursday, July 28th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.01. The firm earned $1.86 billion during the quarter, compared to the consensus estimate of $1.67 billion. Harley-Davidson had a net margin of 13.23% and a return on equity of 34.33%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $1.44 earnings per share.
HOG has been the topic of a number of other reports. Vetr raised shares of Harley-Davidson from a “sell” rating to a “hold” rating and set a $53.25 target price on the stock in a research report on Tuesday, August 23rd. Argus reaffirmed a “hold” rating on shares of Harley-Davidson in a research report on Monday, August 1st. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $47.00 target price on shares of Harley-Davidson in a research report on Wednesday, August 3rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $66.00 target price on shares of Harley-Davidson in a research report on Friday, September 9th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $49.00 target price on shares of Harley-Davidson in a research report on Thursday, July 7th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $51.40.
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Harley-Davidson (NYSE:HOG) traded down 1.01% during trading on Thursday, hitting $51.89. 702,850 shares of the stock traded hands. The firm has a 50-day moving average price of $52.80 and a 200 day moving average price of $48.66. The company has a market cap of $9.37 billion, a P/E ratio of 13.81 and a beta of 1.09. Harley-Davidson has a 52-week low of $36.36 and a 52-week high of $57.33.
A number of large investors have recently made changes to their positions in HOG. Mizuho Asset Management Co. Ltd. raised its stake in shares of Harley-Davidson by 59.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,501 shares of the company’s stock worth $113,000 after buying an additional 929 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Harley-Davidson by 344.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,118 shares of the company’s stock worth $141,000 after buying an additional 2,417 shares during the period. Pacer Advisors Inc. raised its stake in shares of Harley-Davidson by 7.3% in the second quarter. Pacer Advisors Inc. now owns 3,625 shares of the company’s stock worth $164,000 after buying an additional 247 shares during the period. Tredje AP fonden raised its stake in shares of Harley-Davidson by 1,380.8% in the second quarter. Tredje AP fonden now owns 3,850 shares of the company’s stock worth $174,000 after buying an additional 3,590 shares during the period. Finally, Cutler Capital Management LLC raised its stake in shares of Harley-Davidson by 33.3% in the second quarter. Cutler Capital Management LLC now owns 4,000 shares of the company’s stock worth $181,000 after buying an additional 1,000 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.
In other Harley-Davidson news, insider Lawrence G. Hund sold 12,537 shares of the stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $53.23, for a total transaction of $667,344.51. Following the completion of the sale, the insider now directly owns 16,922 shares of the company’s stock, valued at approximately $900,758.06. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Paul J. Jones sold 2,517 shares of the stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $54.03, for a total transaction of $135,993.51. The disclosure for this sale can be found here. Company insiders own 0.99% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Tuesday, September 13th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Friday, September 9th. Harley-Davidson’s dividend payout ratio (DPR) is currently 36.65%.
Harley-Davidson Company Profile
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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
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