$988.26 Million in Sales Expected for Harley-Davidson, Inc. (HOG) This Quarter
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.
TRADEMARK VIOLATION NOTICE: “$988.26 Million in Sales Expected for Harley-Davidson, Inc. (HOG) This Quarter” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/08/05/988-26-million-in-sales-expected-for-harley-davidson-inc-hog-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Harley-Davidson Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harley-Davidson Inc. and related companies with MarketBeat.com's FREE daily email newsletter.