Q4 2017 Earnings Forecast for Harley-Davidson, Inc. (HOG) Issued By William Blair
Harley-Davidson, Inc. (NYSE:HOG) – Stock analysts at William Blair cut their Q4 2017 earnings per share (EPS) estimates for shares of Harley-Davidson in a research report issued to clients and investors on Monday. William Blair analyst S. Zackfia now forecasts that the company will earn $0.46 per share for the quarter, down from their previous forecast of $0.47.
HOG has been the topic of a number of other reports. BidaskClub upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Jefferies Group LLC restated a “hold” rating and set a $49.00 target price on shares of Harley-Davidson in a research report on Tuesday, July 4th. UBS AG restated a “neutral” rating and set a $57.00 target price on shares of Harley-Davidson in a research report on Monday, June 26th. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research report on Friday, July 21st. Finally, Aegis began coverage on shares of Harley-Davidson in a research report on Monday, August 28th. They set a “hold” rating and a $49.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $52.38.
Shares of Harley-Davidson (HOG) traded down 0.2732% during trading on Thursday, hitting $46.1436. 432,720 shares of the stock traded hands. The company has a market cap of $8.05 billion, a PE ratio of 13.5120 and a beta of 0.87. The company has a 50 day moving average of $47.67 and a 200-day moving average of $52.18. Harley-Davidson has a 1-year low of $45.53 and a 1-year high of $63.40.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, July 18th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.10. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The business’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 EPS.
The firm also recently announced 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 dividend on an annualized basis and a yield of 3.16%. Harley-Davidson’s payout ratio is 42.44%.
In related news, insider Lawrence G. Hund sold 15,013 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total transaction of $708,313.34. Following the completion of the sale, the insider now directly owns 23,673 shares of the company’s stock, valued at approximately $1,116,892.14. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank boosted its position in Harley-Davidson by 24.6% during the 2nd quarter. Toronto Dominion Bank now owns 59,313 shares of the company’s stock worth $3,203,000 after acquiring an additional 11,723 shares during the last quarter. Bank of Nova Scotia boosted its position in Harley-Davidson by 106.1% during the 2nd quarter. Bank of Nova Scotia now owns 83,126 shares of the company’s stock worth $4,489,000 after acquiring an additional 42,800 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Harley-Davidson during the 2nd quarter worth approximately $859,000. Cubist Systematic Strategies LLC boosted its position in Harley-Davidson by 138.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 16,031 shares of the company’s stock worth $866,000 after acquiring an additional 9,295 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in Harley-Davidson by 2,910.0% during the 2nd quarter. Janus Henderson Group PLC now owns 559,881 shares of the company’s stock worth $30,245,000 after acquiring an additional 541,280 shares during the last quarter. 91.04% of the stock is owned by hedge funds and other 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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