Brokers Issue Forecasts for Harley-Davidson Inc’s FY2017 Earnings (HOG)
Harley-Davidson Inc (NYSE:HOG) – Stock analysts at William Blair decreased their FY2017 earnings estimates for Harley-Davidson in a research report issued to clients and investors on Monday. William Blair analyst S. Zackfia now forecasts that the company will post earnings of $3.77 per share for the year, down from their previous estimate of $3.80.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, April 18th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.02 by $0.03. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The company’s revenue was down 15.7% on a year-over-year basis. During the same period last year, the business posted $1.36 EPS.
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Other analysts have also recently issued research reports about the company. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. 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. Barclays PLC reissued an “equal weight” rating and set a $52.00 price objective (down previously from $53.00) on shares of Harley-Davidson in a research report on Friday, April 21st. Argus reissued a “hold” rating on shares of Harley-Davidson in a research report on Friday, February 3rd. Finally, Royal Bank of Canada set a $58.00 price objective on Harley-Davidson and gave the stock a “hold” rating in a research report on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $56.12.
Shares of Harley-Davidson (NYSE:HOG) opened at 54.04 on Tuesday. The stock has a market capitalization of $9.51 billion, a P/E ratio of 15.41 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 company’s 50 day moving average price is $58.36 and its 200 day moving average price is $58.57.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be paid a $0.365 dividend. The ex-dividend date is Tuesday, May 23rd. This represents a $1.46 annualized dividend and a dividend yield of 2.70%. Harley-Davidson’s dividend payout ratio is currently 38.22%.
Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Harley-Davidson by 3.2% in the first quarter. Vanguard Group Inc. now owns 17,416,731 shares of the company’s stock valued at $1,053,712,000 after buying an additional 534,966 shares in the last quarter. BlackRock Inc. raised its stake in Harley-Davidson by 2,897.2% in the first quarter. BlackRock Inc. now owns 10,569,899 shares of the company’s stock valued at $639,479,000 after buying an additional 10,217,239 shares in the last quarter. Dodge & Cox bought a new stake in Harley-Davidson during the fourth quarter valued at $517,798,000. Independent Franchise Partners LLP raised its stake in 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 in the last quarter. Finally, State Street Corp raised its stake in 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 in 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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