KeyCorp Weighs in on Harley-Davidson, Inc.’s FY2017 Earnings (HOG)
Harley-Davidson, Inc. (NYSE:HOG) – Stock analysts at KeyCorp increased their FY2017 earnings estimates for Harley-Davidson in a research note issued to investors on Tuesday. KeyCorp analyst B. Andress now anticipates that the company will post earnings of $3.40 per share for the year, up from their prior estimate of $3.30. KeyCorp has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Harley-Davidson’s Q4 2017 earnings at $0.44 EPS.
Several other analysts have also issued reports on HOG. Zacks Investment Research raised Harley-Davidson from a “sell” rating to a “hold” rating in a report on Friday, July 7th. Argus raised Harley-Davidson from a “hold” rating to a “buy” rating in a research note on Friday. BidaskClub lowered Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Sandler O’Neill lowered Harley-Davidson from an “outperform” rating to a “market perform” rating and cut their price target for the company from $62.00 to $55.00 in a research note on Wednesday, July 12th. Finally, ValuEngine raised Harley-Davidson from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Three analysts have rated the stock with a sell rating, sixteen 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 target price of $52.47.
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Harley-Davidson (NYSE HOG) traded up 1.37% during midday trading on Friday, reaching $48.75. 291,733 shares of the company’s stock were exchanged. The company has a market cap of $8.50 billion, a P/E ratio of 14.28 and a beta of 0.87. The company has a 50 day moving average price of $47.68 and a 200 day moving average price of $51.67. Harley-Davidson has a 12 month low of $45.53 and a 12 month high of $63.40.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.40. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. The business had revenue of $962.10 million for the quarter, compared to analyst estimates of $959.41 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. Harley-Davidson’s revenue was down 11.9% compared to the same quarter last year.
Several hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Harley-Davidson by 147.2% during the first quarter. JPMorgan Chase & Co. now owns 158,155 shares of the company’s stock valued at $9,569,000 after purchasing an additional 94,170 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Harley-Davidson by 19.9% during the first quarter. Victory Capital Management Inc. now owns 17,287 shares of the company’s stock valued at $1,046,000 after acquiring an additional 2,875 shares during the period. OppenheimerFunds Inc. raised its holdings in Harley-Davidson by 3.8% during the first quarter. OppenheimerFunds Inc. now owns 11,816 shares of the company’s stock valued at $715,000 after acquiring an additional 429 shares during the period. Teachers Advisors LLC raised its holdings in Harley-Davidson by 19.7% during the first quarter. Teachers Advisors LLC now owns 321,513 shares of the company’s stock valued at $19,452,000 after acquiring an additional 52,868 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Harley-Davidson by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,005,737 shares of the company’s stock valued at $60,849,000 after acquiring an additional 5,498 shares during the period. Hedge funds and other institutional investors own 91.05% of the company’s stock.
In other Harley-Davidson news, insider Lawrence G. Hund sold 15,013 shares of the stock in a transaction 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 sale, the insider now directly owns 23,673 shares in the company, valued at approximately $1,116,892.14. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.70% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th were paid a dividend of $0.365 per share. The ex-dividend date of this dividend was Monday, September 11th. This represents a $1.46 annualized dividend and a yield of 3.04%. Harley-Davidson’s dividend payout ratio is 45.63%.
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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