Research Analysts Issue Forecasts for Harley-Davidson, Inc.’s Q3 2017 Earnings (HOG)
Harley-Davidson, Inc. (NYSE:HOG) – Equities research analysts at William Blair dropped their Q3 2017 earnings estimates for shares of Harley-Davidson in a report issued on Monday. William Blair analyst S. Zackfia now expects that the company will post earnings per share of $0.40 for the quarter, down from their prior estimate of $0.43. William Blair also issued estimates for Harley-Davidson’s FY2017 earnings at $3.39 EPS and FY2018 earnings at $3.56 EPS.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share for the quarter, beating the Zacks’ 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 for the quarter, compared to analysts’ expectations of $1.60 billion. During the same period last year, the firm earned $1.55 earnings per share. Harley-Davidson’s quarterly revenue was down 5.6% on a year-over-year basis.
A number of other equities research analysts have also issued reports on HOG. BidaskClub upgraded shares of Harley-Davidson from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. UBS AG restated a “neutral” rating and issued a $57.00 target price on shares of Harley-Davidson in a research note on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $53.00 target price on shares of Harley-Davidson in a research note on Sunday, June 18th. Jefferies Group LLC restated a “hold” rating and issued a $49.00 target price on shares of Harley-Davidson in a research note on Tuesday, July 4th. Finally, Zacks Investment Research upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $52.38.
Shares of Harley-Davidson (NYSE:HOG) opened at 46.32 on Wednesday. The firm has a market capitalization of $8.08 billion, a PE ratio of 13.56 and a beta of 0.87. Harley-Davidson has a 1-year low of $45.53 and a 1-year high of $63.40. The firm has a 50-day moving average price of $47.72 and a 200-day moving average price of $52.22.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Toronto Dominion Bank grew its position in Harley-Davidson by 24.6% in the 2nd quarter. Toronto Dominion Bank now owns 59,313 shares of the company’s stock worth $3,203,000 after purchasing an additional 11,723 shares during the last quarter. Bank of Nova Scotia grew its position in Harley-Davidson by 106.1% in the 2nd quarter. Bank of Nova Scotia now owns 83,126 shares of the company’s stock worth $4,489,000 after purchasing an additional 42,800 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Harley-Davidson in the 2nd quarter worth about $859,000. Cubist Systematic Strategies LLC grew its position in Harley-Davidson by 138.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 16,031 shares of the company’s stock worth $866,000 after purchasing an additional 9,295 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Harley-Davidson by 2,910.0% in the 2nd quarter. Janus Henderson Group PLC now owns 559,881 shares of the company’s stock worth $30,245,000 after purchasing an additional 541,280 shares during the last quarter. Hedge funds and other institutional investors own 91.04% of the company’s stock.
In related news, insider Lawrence G. Hund sold 15,013 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total transaction of $708,313.34. Following the sale, the insider now owns 23,673 shares in the company, valued at $1,116,892.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Tuesday, September 12th were paid a dividend of $0.365 per share. The ex-dividend date was Monday, September 11th. This represents a $1.46 annualized dividend and a yield of 3.15%. Harley-Davidson’s dividend payout ratio (DPR) is 42.44%.
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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