Harley-Davidson Inc to Post FY2018 Earnings of $3.75 Per Share, Northcoast Research Forecasts (HOG)
Harley-Davidson Inc (NYSE:HOG) – Investment analysts at Northcoast Research upped their FY2018 earnings per share (EPS) estimates for Harley-Davidson in a research note issued to investors on Tuesday. Northcoast Research analyst S. Woolf now forecasts that the company will post earnings per share of $3.75 for the year, up from their prior estimate of $3.65.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.40. The company had revenue of $962.10 million during the quarter, compared to analysts’ expectations of $959.41 million. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The business’s revenue was down 11.9% on a year-over-year basis. During the same period last year, the business earned $0.64 earnings per share.
Shares of Harley-Davidson (NYSE:HOG) traded up $0.53 during midday trading on Wednesday, hitting $52.51. The company’s stock had a trading volume of 1,673,408 shares, compared to its average volume of 2,774,897. The company has a market capitalization of $8,840.00, a PE ratio of 16.46, a PEG ratio of 1.74 and a beta of 0.96. Harley-Davidson has a 12 month low of $44.52 and a 12 month high of $63.40. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a $0.365 dividend. The ex-dividend date was Thursday, December 14th. This represents a $1.46 dividend on an annualized basis and a yield of 2.78%. Harley-Davidson’s payout ratio is 45.77%.
In related news, Director Jochen Zeitz sold 1,859 shares of Harley-Davidson stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $47.80, for a total value of $88,860.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew S. Levatich sold 19,447 shares of Harley-Davidson stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $48.36, for a total value of $940,456.92. Following the completion of the sale, the chief executive officer now owns 88,646 shares of the company’s stock, valued at $4,286,920.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,726 shares of company stock valued at $2,816,641. Corporate insiders own 0.70% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC acquired a new stake in Harley-Davidson in the third quarter worth about $166,000. TLP Group LLC bought a new position in Harley-Davidson during the second quarter worth about $255,000. Parametrica Management Ltd bought a new position in Harley-Davidson during the third quarter worth about $269,000. IFM Investors Pty Ltd bought a new position in Harley-Davidson during the third quarter worth about $280,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Harley-Davidson by 22.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,080 shares of the company’s stock worth $294,000 after buying an additional 1,100 shares during the last quarter. Hedge funds and other institutional investors own 97.18% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This news story was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/17/harley-davidson-inc-to-post-fy2018-earnings-of-3-75-per-share-northcoast-research-forecasts-hog.html.
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.
Receive News & Ratings for Harley-Davidson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harley-Davidson and related companies with MarketBeat.com's FREE daily email newsletter.