Zacks: Analysts Anticipate Harley-Davidson Inc (HOG) Will Post Quarterly Sales of $1.03 Billion

Brokerages expect Harley-Davidson Inc (NYSE:HOG) to announce $1.03 billion in sales for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Harley-Davidson’s earnings, with the lowest sales estimate coming in at $987.14 million and the highest estimate coming in at $1.10 billion. Harley-Davidson reported sales of $933.02 million in the same quarter last year, which indicates a positive year over year growth rate of 10.4%. The company is scheduled to announce its next quarterly earnings results on Tuesday, January 30th.

According to Zacks, analysts expect that Harley-Davidson will report full-year sales of $1.03 billion for the current fiscal year, with estimates ranging from $4.86 billion to $4.97 billion. For the next financial year, analysts anticipate that the company will post sales of $4.98 billion per share, with estimates ranging from $4.72 billion to $5.20 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Harley-Davidson.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The company had revenue of $962.10 million during the quarter, compared to the consensus estimate of $959.41 million. During the same quarter in the prior year, the firm earned $0.64 EPS. The company’s quarterly revenue was down 11.9% compared to the same quarter last year.

A number of equities research analysts have recently commented on HOG shares. Stifel Nicolaus reiterated a “buy” rating and set a $48.00 price objective (down previously from $51.00) on shares of Harley-Davidson in a research report on Tuesday, October 10th. BMO Capital Markets reiterated a “buy” rating and set a $56.00 price objective on shares of Harley-Davidson in a research report on Friday, October 13th. Argus raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Friday, October 20th. TheStreet downgraded shares of Harley-Davidson from a “b-” rating to a “c+” rating in a research note on Tuesday, October 17th. Finally, Goldman Sachs Group reissued a “hold” rating on shares of Harley-Davidson in a research note on Sunday, October 15th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $52.75.

In other news, Director Jochen Zeitz sold 1,859 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $47.80, for a total value of $88,860.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO John A. Olin sold 28,760 shares of the company’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $48.03, for a total transaction of $1,381,342.80. Following the completion of the transaction, the chief financial officer now directly owns 65,722 shares in the company, valued at $3,156,627.66. The disclosure for this sale can be found here. Insiders sold 58,726 shares of company stock worth $2,816,641 over the last ninety days. 0.70% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Harley-Davidson by 1.5% in the second quarter. Vanguard Group Inc. now owns 17,684,083 shares of the company’s stock worth $955,294,000 after acquiring an additional 267,352 shares during the last quarter. 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 worth $903,895,000 after acquiring an additional 14,359,571 shares during the last quarter. BlackRock Inc. increased its stake in shares of Harley-Davidson by 1.5% in the second quarter. BlackRock Inc. now owns 10,724,574 shares of the company’s stock worth $579,342,000 after acquiring an additional 154,675 shares during the last quarter. Independent Franchise Partners LLP increased its stake in shares of Harley-Davidson by 53.3% in the third quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock worth $390,562,000 after acquiring an additional 2,815,749 shares during the last quarter. Finally, LSV Asset Management increased its stake in shares of Harley-Davidson by 1.0% in the second quarter. LSV Asset Management now owns 4,044,113 shares of the company’s stock worth $218,462,000 after acquiring an additional 39,699 shares during the last quarter. 97.18% of the stock is currently owned by institutional investors and hedge funds.

Shares of Harley-Davidson (NYSE HOG) opened at $50.88 on Friday. Harley-Davidson has a 52-week low of $44.52 and a 52-week high of $63.40. The company has a market capitalization of $8,678.98, a price-to-earnings ratio of 15.90, a PEG ratio of 1.77 and a beta of 0.96. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.03 and a current ratio of 1.18.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Thursday, December 14th. Harley-Davidson’s dividend payout ratio (DPR) is presently 45.63%.

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About Harley-Davidson

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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