Harley-Davidson Inc (NYSE:HOG) – Research analysts at KeyCorp dropped their FY2019 earnings per share (EPS) estimates for shares of Harley-Davidson in a research note issued to investors on Sunday, July 8th. KeyCorp analyst B. Andress now expects that the company will post earnings per share of $3.80 for the year, down from their prior forecast of $4.10.
A number of other brokerages have also recently weighed in on HOG. Zacks Investment Research cut Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Monday, June 11th. Morgan Stanley dropped their price target on Harley-Davidson from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Friday, June 29th. Wedbush set a $44.00 price objective on Harley-Davidson and gave the stock a “hold” rating in a research report on Wednesday, April 11th. Argus lifted their price objective on Harley-Davidson from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, June 20th. Finally, Royal Bank of Canada dropped their price objective on Harley-Davidson to $40.00 and set a “market perform” rating for the company in a research report on Tuesday, June 26th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $48.53.
Shares of Harley-Davidson opened at $43.39 on Tuesday, MarketBeat.com reports. Harley-Davidson has a fifty-two week low of $39.34 and a fifty-two week high of $56.50. The firm has a market capitalization of $7.06 billion, a PE ratio of 12.40, a PEG ratio of 1.40 and a beta of 0.90. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.11 and a quick ratio of 0.96.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, April 24th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.16. Harley-Davidson had a return on equity of 32.45% and a net margin of 10.31%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter last year, the business posted $1.05 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis.
Large investors have recently modified their holdings of the business. W.G. Shaheen & Associates DBA Whitney & Co acquired a new stake in Harley-Davidson in the 1st quarter worth about $103,000. Banco de Sabadell S.A acquired a new stake in Harley-Davidson in the 1st quarter worth about $127,000. Ballew Advisors Inc acquired a new stake in Harley-Davidson in the 1st quarter worth about $134,000. Rampart Investment Management Company LLC boosted its stake in Harley-Davidson by 114.0% in the 1st quarter. Rampart Investment Management Company LLC now owns 4,932 shares of the company’s stock worth $211,000 after buying an additional 2,627 shares during the last quarter. Finally, Dynamic Capital Management Ltd acquired a new stake in Harley-Davidson in the 4th quarter worth about $255,000. 95.38% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Thursday, May 31st were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date was Wednesday, May 30th. Harley-Davidson’s payout ratio is 42.29%.
Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment 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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