Research Analysts Issue Forecasts for Harley-Davidson Inc’s FY2017 Earnings (HOG)

Harley-Davidson Inc (NYSE:HOG) – Equities researchers at Northcoast Research dropped their FY2017 earnings per share (EPS) estimates for shares of Harley-Davidson in a report released on Tuesday, according to Zacks Investment Research. Northcoast Research analyst S. Woolf now expects that the company will post earnings per share of $3.30 for the year, down from their prior forecast of $3.40. Northcoast Research also issued estimates for Harley-Davidson’s Q4 2017 earnings at $0.34 EPS, Q1 2018 earnings at $1.33 EPS, Q2 2018 earnings at $1.58 EPS and Q4 2018 earnings at $0.26 EPS.

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

Other analysts have also issued research reports about the company. Zacks Investment Research raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Tuesday, January 2nd. Argus raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Friday, October 20th. Citigroup cut their target price on Harley-Davidson from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. TheStreet downgraded shares of Harley-Davidson from a “b-” rating to a “c+” rating in a research note on Tuesday, October 17th. Finally, Goldman Sachs Group restated a “hold” rating on shares of Harley-Davidson in a research note on Sunday, October 15th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $52.00.

Shares of Harley-Davidson (HOG) traded up $0.29 during midday trading on Thursday, reaching $47.83. The company’s stock had a trading volume of 3,497,811 shares, compared to its average volume of 3,455,453. The stock has a market capitalization of $8,049.55, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 1.60 and a beta of 0.84. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 2.49. Harley-Davidson has a 52 week low of $44.52 and a 52 week high of $63.40.

Harley-Davidson declared that its board has initiated a stock repurchase plan on Monday, February 5th that authorizes the company to repurchase 15,000,000 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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

In related news, VP Paul J. Jones sold 870 shares of the business’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 owns 3,399 shares in the company, valued at $161,860.38. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Several hedge funds have recently modified their holdings of HOG. Steward Partners Investment Advisory LLC acquired a new position in shares of Harley-Davidson during the third quarter worth $166,000. IFG Advisory LLC acquired a new position in shares of Harley-Davidson during the fourth quarter worth $239,000. TLP Group LLC acquired a new position in shares of Harley-Davidson during the second quarter worth $255,000. Parametrica Management Ltd acquired a new position in shares of Harley-Davidson during the third quarter worth $269,000. Finally, IFM Investors Pty Ltd acquired a new position in Harley-Davidson in the third quarter valued at $280,000. Hedge funds and other institutional investors own 97.11% of the company’s stock.

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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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