Analysts expect Harley-Davidson Inc (NYSE:HOG) to post $1.05 billion in sales for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Harley-Davidson’s earnings. The lowest sales estimate is $1.03 billion and the highest is $1.07 billion. Harley-Davidson posted sales of $1.12 billion during the same quarter last year, which would indicate a negative year over year growth rate of 6.3%. The business is expected to announce its next earnings results on Tuesday, October 22nd.
On average, analysts expect that Harley-Davidson will report full-year sales of $4.63 billion for the current fiscal year, with estimates ranging from $4.56 billion to $4.73 billion. For the next year, analysts expect that the firm will post sales of $4.64 billion, with estimates ranging from $4.55 billion to $4.73 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Harley-Davidson.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, July 23rd. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.04. Harley-Davidson had a net margin of 7.99% and a return on equity of 28.67%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the business posted $1.52 earnings per share. Harley-Davidson’s revenue for the quarter was down 6.0% on a year-over-year basis.
HOG has been the subject of several research analyst reports. Morgan Stanley dropped their target price on shares of Harley-Davidson from $46.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Goldman Sachs Group reissued a “sell” rating and set a $34.00 price target (down from $37.00) on shares of Harley-Davidson in a research note on Wednesday, April 24th. Wedbush set a $35.00 price target on shares of Harley-Davidson and gave the stock a “hold” rating in a research note on Friday, July 12th. DA Davidson reissued a “sell” rating on shares of Harley-Davidson in a research note on Friday, July 26th. Finally, KeyCorp reissued a “hold” rating on shares of Harley-Davidson in a research note on Friday, July 19th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. Harley-Davidson currently has an average rating of “Hold” and an average target price of $41.00.
In related news, VP Paul J. Jones sold 11,884 shares of Harley-Davidson stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $35.15, for a total value of $417,722.60. Following the transaction, the vice president now directly owns 9,575 shares of the company’s stock, valued at $336,561.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jochen Zeitz sold 2,227 shares of Harley-Davidson stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $33.05, for a total transaction of $73,602.35. Following the completion of the transaction, the director now directly owns 1 shares in the company, valued at $33.05. The disclosure for this sale can be found here. Insiders have sold 47,737 shares of company stock worth $1,699,899 over the last three months. Insiders own 0.86% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of HOG. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Harley-Davidson in the second quarter worth $25,000. Pinebridge Investments L.P. purchased a new position in shares of Harley-Davidson in the second quarter worth $25,000. G&S Capital LLC purchased a new position in shares of Harley-Davidson in the second quarter worth $26,000. Icon Wealth Partners LLC purchased a new position in shares of Harley-Davidson in the first quarter worth $27,000. Finally, Flagship Harbor Advisors LLC increased its stake in shares of Harley-Davidson by 73.8% in the second quarter. Flagship Harbor Advisors LLC now owns 803 shares of the company’s stock worth $28,000 after buying an additional 341 shares during the period. 91.09% of the stock is currently owned by institutional investors.
Shares of Harley-Davidson stock opened at $33.79 on Wednesday. Harley-Davidson has a 1 year low of $31.36 and a 1 year high of $46.22. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 1.20 and a beta of 1.18. The company has a current ratio of 1.15, a quick ratio of 1.03 and a debt-to-equity ratio of 2.43. The company’s 50 day moving average is $35.32.
Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.
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