Analysts expect that Harley-Davidson, Inc. (NYSE:HOG) will post $988.26 million in sales for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Harley-Davidson’s earnings. The lowest sales estimate is $918.36 million and the highest is $1.18 billion. Harley-Davidson posted sales of $1.09 billion in the same quarter last year, which suggests a negative year over year growth rate of 9.3%. The firm is scheduled to report its next quarterly earnings report on Tuesday, October 17th.

On average, analysts expect that Harley-Davidson will report full year sales of $988.26 million for the current financial year, with estimates ranging from $4.86 billion to $5.24 billion. For the next fiscal year, analysts anticipate that the business will post sales of $5.06 billion per share, with estimates ranging from $4.88 billion to $5.41 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Harley-Davidson.

Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.10. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.55 EPS.

A number of research analysts have recently commented on HOG shares. BidaskClub raised shares of Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $51.00 target price (down from $53.00) on shares of Harley-Davidson in a research report on Thursday, July 13th. Stifel Nicolaus reissued a “hold” rating and set a $63.00 target price (up from $58.00) on shares of Harley-Davidson in a research report on Friday, April 14th. Wedbush reduced their target price on shares of Harley-Davidson from $55.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 19th. Finally, Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a research report on Thursday, April 20th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have assigned a buy rating to the company. Harley-Davidson presently has an average rating of “Hold” and an average price target of $54.83.

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Shares of Harley-Davidson (HOG) opened at 48.34 on Friday. The stock has a 50 day moving average of $52.26 and a 200-day moving average of $56.05. Harley-Davidson has a one year low of $46.00 and a one year high of $63.40. The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of 14.16 and a beta of 0.84.

Several hedge funds have recently modified their holdings of HOG. State Board of Administration of Florida Retirement System boosted its stake in shares of Harley-Davidson by 0.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 287,045 shares of the company’s stock worth $15,506,000 after buying an additional 1,702 shares during the period. Annex Advisory Services LLC boosted its stake in shares of Harley-Davidson by 2.5% in the second quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock worth $222,000 after buying an additional 102 shares during the period. Blair William & Co. IL boosted its stake in shares of Harley-Davidson by 2.5% in the second quarter. Blair William & Co. IL now owns 200,759 shares of the company’s stock worth $10,845,000 after buying an additional 4,888 shares during the period. Legal & General Group Plc boosted its stake in shares of Harley-Davidson by 6.2% in the second quarter. Legal & General Group Plc now owns 934,174 shares of the company’s stock worth $50,465,000 after buying an additional 54,557 shares during the period. Finally, Olstein Capital Management L.P. acquired a new stake in shares of Harley-Davidson during the second quarter worth $1,783,000. 85.03% of the stock is currently owned by institutional investors.

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 Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.

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Earnings History and Estimates for Harley-Davidson (NYSE:HOG)

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