Zacks: Brokerages Anticipate Harley-Davidson, Inc. (HOG) Will Post Earnings of $0.42 Per Share
Brokerages forecast that Harley-Davidson, Inc. (NYSE:HOG) will post $0.42 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Harley-Davidson’s earnings, with estimates ranging from $0.34 to $0.52. Harley-Davidson reported earnings of $0.64 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 34.4%. The business is scheduled to issue its next quarterly earnings results on Tuesday, October 17th.
On average, analysts expect that Harley-Davidson will report full year earnings of $3.41 per share for the current financial year, with EPS estimates ranging from $3.35 to $3.50. For the next year, analysts expect that the company will report earnings of $3.76 per share, with EPS estimates ranging from $3.56 to $3.94. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Harley-Davidson.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.10. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. Harley-Davidson’s revenue was down 5.6% compared to the same quarter last year.
Several analysts have recently commented on the company. BidaskClub upgraded Harley-Davidson from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $53.00 price objective on shares of Harley-Davidson in a report on Sunday, June 18th. Zacks Investment Research lowered Harley-Davidson from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. UBS AG reiterated a “neutral” rating and set a $57.00 price objective on shares of Harley-Davidson in a report on Monday, June 26th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $49.00 price objective on shares of Harley-Davidson in a report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have given a buy rating to the company’s stock. Harley-Davidson presently has a consensus rating of “Hold” and an average target price of $54.56.
A number of large investors have recently made changes to their positions in HOG. Capital Research Global Investors increased its stake in shares of Harley-Davidson by 605.1% in the second quarter. Capital Research Global Investors now owns 16,732,599 shares of the company’s stock valued at $903,895,000 after buying an additional 14,359,571 shares in the last quarter. BlackRock Inc. increased its stake in shares of 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. Impala Asset Management LLC raised its stake in Harley-Davidson by 60.2% in the second quarter. Impala Asset Management LLC now owns 2,077,434 shares of the company’s stock valued at $112,223,000 after buying an additional 780,371 shares during the last quarter. Janus Henderson Group PLC raised its stake in Harley-Davidson by 2,910.0% in the second quarter. Janus Henderson Group PLC now owns 559,881 shares of the company’s stock valued at $30,245,000 after buying an additional 541,280 shares during the last quarter. Finally, 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 during the last quarter. 87.39% of the stock is currently owned by institutional investors.
Shares of Harley-Davidson (NYSE HOG) opened at 47.22 on Tuesday. The company has a 50 day moving average price of $49.36 and a 200 day moving average price of $54.97. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 13.83 and a beta of 0.84. Harley-Davidson has a one year low of $46.00 and a one year high of $63.40.
ILLEGAL ACTIVITY WARNING: “Zacks: Brokerages Anticipate Harley-Davidson, Inc. (HOG) Will Post Earnings of $0.42 Per Share” was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/08/22/zacks-brokerages-anticipate-harley-davidson-inc-hog-will-post-earnings-of-0-42-per-share.html.
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.