Q3 2017 EPS Estimates for Harley-Davidson, Inc. (NYSE:HOG) Lowered by Wedbush
Harley-Davidson, Inc. (NYSE:HOG) – Stock analysts at Wedbush decreased their Q3 2017 earnings estimates for shares of Harley-Davidson in a research report issued to clients and investors on Wednesday. Wedbush analyst J. Hardiman now forecasts that the company will post earnings of $0.41 per share for the quarter, down from their prior estimate of $0.78. Wedbush has a “Neutral” rating and a $53.00 price objective on the stock.
Other analysts have also issued research reports about the stock. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research report on Thursday, April 20th. BidaskClub upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. ValuEngine upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Barclays PLC restated an “equal weight” rating and set a $52.00 price target (down previously from $53.00) on shares of Harley-Davidson in a research report on Friday, April 21st. Finally, Deutsche Bank AG restated a “hold” rating and set a $50.00 price target (down previously from $52.00) on shares of Harley-Davidson in a research report on Thursday, April 20th. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating and six have given a buy rating to the company. Harley-Davidson currently has a consensus rating of “Hold” and an average price target of $54.83.
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Harley-Davidson (HOG) opened at 48.77 on Friday. The stock has a market cap of $8.58 billion, a PE ratio of 13.91 and a beta of 0.86. Harley-Davidson has a 1-year low of $46.00 and a 1-year high of $63.40. The company’s 50 day moving average is $53.21 and its 200-day moving average is $56.65.
Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.10. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the previous year, the company earned $1.55 EPS. Harley-Davidson’s revenue for the quarter was down 5.6% on a year-over-year basis.
Several institutional investors have recently bought and sold shares of HOG. Independent Advisor Alliance increased its position in Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock valued at $200,000 after buying an additional 2,772 shares in the last quarter. Wayne Hummer Investments L.L.C. acquired a new position in Harley-Davidson during the first quarter valued at $200,000. Stokes & Hubbell Capital Management LLC acquired a new position in Harley-Davidson during the first quarter valued at $201,000. Putnam Investments LLC acquired a new position in Harley-Davidson during the fourth quarter valued at $204,000. Finally, Appleton Group LLC acquired a new position in Harley-Davidson during the first quarter valued at $210,000. 84.94% of the stock is currently owned by hedge funds and other institutional investors.
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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