FY2017 EPS Estimates for Harley-Davidson Inc Decreased by KeyCorp (HOG)

Harley-Davidson Inc (NYSE:HOG) – KeyCorp reduced their FY2017 earnings per share (EPS) estimates for shares of Harley-Davidson in a research note issued on Monday, according to Zacks Investment Research. KeyCorp analyst B. Andress now anticipates that the company will earn $3.35 per share for the year, down from their prior estimate of $3.40. KeyCorp also issued estimates for Harley-Davidson’s FY2018 earnings at $3.40 EPS.

Several other research firms have also recently weighed in on HOG. Wells Fargo & Co raised shares of Harley-Davidson from a “market perform” rating to an “outperform” rating and set a $59.00 target price for the company in a research note on Monday, January 22nd. Wedbush decreased their target price on shares of Harley-Davidson to $49.00 and set a “neutral” rating for the company in a research note on Wednesday, January 10th. Longbow Research cut shares of Harley-Davidson from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 3rd. Stifel Nicolaus reissued a “hold” rating and issued a $54.00 target price (up from $49.00) on shares of Harley-Davidson in a research note on Wednesday, January 17th. Finally, Zacks Investment Research raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the stock. Harley-Davidson currently has an average rating of “Hold” and a consensus price target of $52.00.

Harley-Davidson (HOG) traded up $0.29 during trading hours on Thursday, hitting $47.83. 3,497,811 shares of the company traded hands, compared to its average volume of 3,240,000. Harley-Davidson has a twelve month low of $44.52 and a twelve month high of $63.40. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 2.49. The company has a market capitalization of $8,050.00, a PE ratio of 16.05, a PEG ratio of 1.60 and a beta of 0.84.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.08. Harley-Davidson had a net margin of 10.62% and a return on equity of 31.23%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company earned $0.27 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year.

Institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new stake in shares of Harley-Davidson in the third quarter valued at about $166,000. IFG Advisory LLC bought a new stake in shares of Harley-Davidson in the fourth quarter valued at about $239,000. TLP Group LLC acquired a new position in Harley-Davidson in the second quarter valued at about $255,000. Parametrica Management Ltd acquired a new position in Harley-Davidson in the third quarter valued at about $269,000. Finally, IFM Investors Pty Ltd acquired a new position in Harley-Davidson in the third quarter valued at about $280,000. 97.11% of the stock is owned by institutional investors.

In other news, VP Paul J. Jones sold 870 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $47.62, for a total value of $41,429.40. Following the completion of the sale, the vice president now owns 3,399 shares of the company’s stock, valued at $161,860.38. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Wednesday, February 14th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Tuesday, February 13th. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.37. Harley-Davidson’s payout ratio is presently 48.99%.

Harley-Davidson declared that its board has approved a share buyback plan on Monday, February 5th that authorizes the company to repurchase 15,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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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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