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.

A number of other research analysts have also recently issued reports on the company. Wedbush lifted their price objective on Harley-Davidson from $45.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, December 7th. Zacks Investment Research raised Harley-Davidson from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 19th. Argus raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Friday, October 20th. Goldman Sachs Group reissued a “hold” rating on shares of Harley-Davidson in a report on Sunday, October 15th. Finally, BMO Capital Markets reissued a “buy” rating and set a $56.00 price objective on shares of Harley-Davidson in a report on Friday, October 13th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the stock. Harley-Davidson has an average rating of “Hold” and a consensus price target of $53.12.

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.

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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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