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) 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%.
ILLEGAL ACTIVITY WARNING: “Harley-Davidson Inc (HOG) to Post FY2017 Earnings of $3.47 Per Share, Wedbush Forecasts” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/01/19/harley-davidson-inc-hog-to-post-fy2017-earnings-of-3-47-per-share-wedbush-forecasts.html.
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.