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.

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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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