Harley-Davidson Inc (NYSE:HOG) – Analysts at Wedbush raised their FY2017 earnings estimates for Harley-Davidson in a note issued to investors on Wednesday, according to Zacks Investment Research. Wedbush analyst J. Hardiman now expects that the company will post earnings of $3.47 per share for the year, up from their previous forecast of $3.46. Wedbush currently has a “Neutral” rating and a $49.00 price objective 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.
Several other equities research analysts have also issued reports on the stock. Goldman Sachs Group lowered shares of Harley-Davidson to a “hold” rating and set a $43.00 price objective for the company. in a research report on Wednesday, January 3rd. Argus raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Friday, October 20th. Zacks Investment Research raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Tuesday, January 2nd. TheStreet lowered shares of Harley-Davidson from a “b-” rating to a “c+” rating in a report on Tuesday, October 17th. Finally, Longbow Research lowered shares of Harley-Davidson from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 3rd. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $52.00.
Harley-Davidson (HOG) traded up $0.29 during trading on Friday, hitting $47.83. 3,497,811 shares of the stock traded hands, compared to its average volume of 3,455,453. Harley-Davidson has a 52 week low of $44.52 and a 52 week high of $63.40. The firm has a market capitalization of $8,049.55, a price-to-earnings ratio of 16.05, a P/E/G ratio of 1.60 and a beta of 0.84. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 2.49.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the 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 during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business earned $0.27 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year.
Harley-Davidson declared that its board has initiated a share buyback program on Monday, February 5th that allows the company to repurchase 15,000,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Wednesday, February 14th will be issued a dividend of $0.37 per share. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.37. This represents a $1.48 annualized dividend and a yield of 3.09%. The ex-dividend date is Tuesday, February 13th. Harley-Davidson’s dividend payout ratio (DPR) is currently 48.99%.
In other Harley-Davidson news, VP Paul J. Jones sold 870 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $47.62, for a total transaction of $41,429.40. Following the completion of the transaction, the vice president now directly owns 3,399 shares of the company’s stock, valued at approximately $161,860.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC acquired a new position in Harley-Davidson during the 3rd quarter worth $166,000. TLP Group LLC bought a new position in shares of Harley-Davidson in the 2nd quarter worth about $255,000. IFG Advisory LLC bought a new position in shares of Harley-Davidson in the 4th quarter worth about $239,000. Profund Advisors LLC lifted its position in shares of Harley-Davidson by 29.5% in the 2nd quarter. Profund Advisors LLC now owns 5,487 shares of the company’s stock worth $296,000 after buying an additional 1,251 shares during the last quarter. Finally, Parametrica Management Ltd bought a new position in shares of Harley-Davidson in the 3rd quarter worth about $269,000. 97.11% of the stock is owned by institutional investors.
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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