Harley-Davidson, Inc. (HOG) Expected to Announce Quarterly Sales of $1.60 Billion
Equities research analysts predict that Harley-Davidson, Inc. (NYSE:HOG) will post sales of $1.60 billion for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Harley-Davidson’s earnings, with the highest sales estimate coming in at $1.63 billion and the lowest estimate coming in at $1.54 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 4.2%. The firm is expected to report its next quarterly earnings report before the market opens on Tuesday, July 18th.
On average, analysts expect that Harley-Davidson will report full year sales of $1.60 billion for the current fiscal year, with estimates ranging from $5.14 billion to $5.35 billion. For the next year, analysts forecast that the firm will post sales of $5.37 billion per share, with estimates ranging from $5.25 billion to $5.53 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Harley-Davidson.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, April 18th. The company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.03. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Harley-Davidson had a return on equity of 31.69% and a net margin of 12.50%. The company’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.36 earnings per share.
HOG has been the subject of a number of analyst reports. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. BidaskClub raised Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Royal Bank Of Canada increased their target price on Harley-Davidson from $58.00 to $60.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 5th. Stifel Nicolaus reiterated a “hold” rating and set a $63.00 target price (up from $58.00) on shares of Harley-Davidson in a research note on Friday, April 14th. Finally, Wedbush cut their target price on Harley-Davidson from $55.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, twenty have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $55.50.
A number of large investors have recently bought and sold shares of HOG. BlackRock Inc. boosted 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 worth $639,479,000 after buying an additional 10,217,239 shares in the last quarter. Dodge & Cox acquired a new stake in Harley-Davidson during the fourth quarter worth approximately $517,798,000. Vanguard Group Inc. boosted 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 worth $1,053,712,000 after buying an additional 534,966 shares in the last quarter. AKO Capital LLP acquired a new stake in Harley-Davidson during the first quarter worth approximately $26,336,000. Finally, FMR LLC boosted its stake in Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock worth $33,578,000 after buying an additional 402,811 shares in the last quarter. 84.95% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Harley-Davidson (HOG) traded up 0.31% on Friday, hitting $51.58. The company had a trading volume of 997,058 shares. Harley-Davidson has a 52 week low of $47.03 and a 52 week high of $63.40. The firm’s 50 day moving average price is $53.81 and its 200-day moving average price is $57.40. The stock has a market capitalization of $9.08 billion, a PE ratio of 14.71 and a beta of 0.86.
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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