Harley-Davidson Inc (HOG) to Post FY2017 Earnings of $3.47 Per Share, Wedbush Forecasts

Harley-Davidson Inc (NYSE:HOG) – Wedbush lifted their FY2017 earnings per share estimates for shares of Harley-Davidson in a report released on Wednesday. Wedbush analyst J. Hardiman now forecasts that the company will earn $3.47 per share for the year, up from their previous estimate of $3.46. Wedbush currently has a “Neutral” rating and a $49.00 target price on the stock. Wedbush also issued estimates for Harley-Davidson’s Q4 2017 earnings at $0.54 EPS and FY2018 earnings at $3.48 EPS.

HOG has been the topic of a number of other reports. Zacks Investment Research upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Tuesday, January 2nd. Goldman Sachs Group reiterated a “hold” rating on shares of Harley-Davidson in a research report on Sunday, October 15th. Longbow Research lowered Harley-Davidson from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 3rd. Stifel Nicolaus reiterated a “buy” rating and issued a $48.00 price objective (down from $51.00) on shares of Harley-Davidson in a research report on Tuesday, October 10th. Finally, Argus upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Friday, October 20th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $53.12.

Harley-Davidson (NYSE:HOG) opened at $52.34 on Friday. The company has a market capitalization of $8,837.18, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 1.68 and a beta of 0.96. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.18 and a quick ratio of 1.03. Harley-Davidson has a 12-month low of $44.52 and a 12-month high of $63.40.

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

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Harley-Davidson by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 17,684,083 shares of the company’s stock worth $955,294,000 after buying an additional 267,352 shares during the period. Capital Research Global Investors raised its stake in Harley-Davidson by 605.1% during the 2nd quarter. Capital Research Global Investors now owns 16,732,599 shares of the company’s stock worth $903,895,000 after buying an additional 14,359,571 shares during the period. BlackRock Inc. raised its stake in Harley-Davidson by 1.5% during the 2nd quarter. BlackRock Inc. now owns 10,724,574 shares of the company’s stock worth $579,342,000 after buying an additional 154,675 shares during the period. Independent Franchise Partners LLP raised its stake in Harley-Davidson by 53.3% during the 3rd quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock worth $390,562,000 after buying an additional 2,815,749 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Harley-Davidson by 18.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,183,477 shares of the company’s stock worth $153,476,000 after buying an additional 488,628 shares during the period. 97.18% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Jochen Zeitz sold 1,859 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $47.80, for a total transaction of $88,860.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Matthew S. Levatich sold 19,447 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $48.36, for a total value of $940,456.92. Following the sale, the chief executive officer now directly owns 88,646 shares in the company, valued at approximately $4,286,920.56. The disclosure for this sale can be found here. In the last three months, insiders sold 29,966 shares of company stock worth $1,435,298. 0.70% of the stock is currently owned by company insiders.

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 2.79%. The ex-dividend date of this dividend was Thursday, December 14th. Harley-Davidson’s dividend payout ratio (DPR) is currently 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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