Brokerages forecast that Harley-Davidson Inc (NYSE:HOG) will report $0.23 earnings per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Harley-Davidson’s earnings, with estimates ranging from $0.10 to $0.42. Harley-Davidson posted earnings per share of $0.54 in the same quarter last year, which would suggest a negative year over year growth rate of 57.4%. The business is expected to report its next earnings report on Tuesday, January 29th.
According to Zacks, analysts expect that Harley-Davidson will report full-year earnings of $3.36 per share for the current year, with EPS estimates ranging from $3.26 to $3.57. For the next year, analysts expect that the company will report earnings of $3.61 per share, with EPS estimates ranging from $3.16 to $4.23. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Harley-Davidson.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, October 23rd. The company reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.25. Harley-Davidson had a return on equity of 33.57% and a net margin of 10.66%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the business posted $0.40 earnings per share. The firm’s revenue was up 16.8% compared to the same quarter last year.
A number of brokerages recently commented on HOG. ValuEngine upgraded Harley-Davidson from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 24th. BMO Capital Markets reduced their target price on Harley-Davidson from $45.00 to $42.00 and set a “market perform” rating on the stock in a research report on Thursday, October 25th. Citigroup lifted their target price on Harley-Davidson from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. Barclays reduced their target price on Harley-Davidson from $36.00 to $35.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 24th. Finally, Stifel Nicolaus lifted their target price on Harley-Davidson from $45.00 to $46.00 and gave the company a “hold” rating in a research report on Wednesday, July 25th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Harley-Davidson currently has an average rating of “Hold” and an average target price of $44.38.
Harley-Davidson stock traded down $0.13 during trading on Friday, reaching $40.73. 2,275,339 shares of the company were exchanged, compared to its average volume of 3,067,048. Harley-Davidson has a 52-week low of $35.76 and a 52-week high of $56.50. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 1.32 and a beta of 1.08. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.95 and a current ratio of 1.08.
In other Harley-Davidson news, CFO John A. Olin sold 12,587 shares of Harley-Davidson stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $43.48, for a total value of $547,282.76. Following the sale, the chief financial officer now owns 55,016 shares in the company, valued at $2,392,095.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.58% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Whittier Trust Co. acquired a new position in Harley-Davidson during the 2nd quarter worth $112,000. Cribstone Capital Management LLC grew its stake in Harley-Davidson by 75.0% during the 2nd quarter. Cribstone Capital Management LLC now owns 2,800 shares of the company’s stock worth $118,000 after purchasing an additional 1,200 shares in the last quarter. CSat Investment Advisory L.P. acquired a new position in Harley-Davidson during the 2nd quarter worth $132,000. Whittier Trust Co. of Nevada Inc. acquired a new position in Harley-Davidson during the 2nd quarter worth $183,000. Finally, Comerica Securities Inc. acquired a new position in Harley-Davidson during the 3rd quarter worth $202,000. 85.72% of the stock is owned by institutional investors and hedge funds.
Harley-Davidson Company Profile
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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