Harley-Davidson (NYSE:HOG) – Investment analysts at William Blair issued their Q1 2018 earnings estimates for Harley-Davidson in a research note issued on Monday, April 16th. William Blair analyst S. Zackfia forecasts that the company will post earnings per share of $0.95 for the quarter. William Blair also issued estimates for Harley-Davidson’s Q2 2018 earnings at $1.57 EPS, Q3 2018 earnings at $0.50 EPS, Q4 2018 earnings at $0.27 EPS, FY2018 earnings at $3.29 EPS and FY2019 earnings at $4.00 EPS.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, January 30th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.08. Harley-Davidson had a return on equity of 31.23% and a net margin of 10.62%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the firm posted $0.27 EPS. The company’s revenue was up 12.2% compared to the same quarter last year.
Other analysts have also recently 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 price target on the stock in a report on Tuesday, January 2nd. Citigroup lowered their price target on Harley-Davidson from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. ValuEngine cut Harley-Davidson from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Goldman Sachs cut Harley-Davidson to a “hold” rating and set a $43.00 price target on the stock. in a report on Wednesday, January 3rd. Finally, Stifel Nicolaus lowered their price target on Harley-Davidson from $54.00 to $49.00 and set a “hold” rating on the stock in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $51.06.
NYSE:HOG opened at $41.99 on Wednesday. Harley-Davidson has a twelve month low of $41.33 and a twelve month high of $58.50. The stock has a market capitalization of $7,080.11, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 1.39 and a beta of 0.88. The company has a debt-to-equity ratio of 2.49, a quick ratio of 1.06 and a current ratio of 1.23.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can grew its position in Harley-Davidson by 17.6% during the 4th quarter. Bank of Montreal Can now owns 85,556 shares of the company’s stock worth $4,353,000 after acquiring an additional 12,807 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Harley-Davidson by 2.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 181,868 shares of the company’s stock worth $9,254,000 after acquiring an additional 4,026 shares during the last quarter. Norinchukin Bank The grew its position in Harley-Davidson by 108.4% during the 4th quarter. Norinchukin Bank The now owns 26,457 shares of the company’s stock worth $1,346,000 after acquiring an additional 13,760 shares during the last quarter. Geode Capital Management LLC grew its position in Harley-Davidson by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 1,730,695 shares of the company’s stock worth $87,869,000 after acquiring an additional 27,799 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Harley-Davidson by 10.7% during the 4th quarter. Victory Capital Management Inc. now owns 171,711 shares of the company’s stock worth $8,737,000 after acquiring an additional 16,647 shares during the last quarter. Institutional investors and hedge funds own 95.87% of the company’s stock.
In related news, VP Paul J. Jones sold 870 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $47.62, for a total transaction of $41,429.40. Following the transaction, the vice president now directly owns 3,399 shares in the company, valued at approximately $161,860.38. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Tchernavia Rocker sold 1,401 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $47.74, for a total value of $66,883.74. The disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.
Harley-Davidson declared that its board has initiated a stock repurchase program on Monday, February 5th that authorizes the company to buyback 15,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
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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