Equities research analysts expect that Harley-Davidson Inc (NYSE:HOG) will post $1.26 billion in sales for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Harley-Davidson’s earnings, with the highest sales estimate coming in at $1.38 billion and the lowest estimate coming in at $1.22 billion. Harley-Davidson posted sales of $1.33 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 5.3%. The company is expected to announce its next earnings results before the market opens on Tuesday, April 24th.
According to Zacks, analysts expect that Harley-Davidson will report full year sales of $1.26 billion for the current financial year, with estimates ranging from $4.71 billion to $4.94 billion. For the next year, analysts expect that the business will report sales of $5.00 billion per share, with estimates ranging from $4.87 billion to $5.18 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Harley-Davidson.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.08. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Harley-Davidson had a net margin of 10.62% and a return on equity of 31.23%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.
Several research analysts have commented on the stock. Wedbush decreased their target price on shares of Harley-Davidson to $49.00 and set a “neutral” rating for the company in a report on Wednesday, January 10th. Stifel Nicolaus decreased their price target on shares of Harley-Davidson from $54.00 to $49.00 and set a “hold” rating for the company in a report on Wednesday, January 31st. Zacks Investment Research upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a report on Wednesday. Wells Fargo decreased their price target on shares of Harley-Davidson from $59.00 to $53.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Finally, ValuEngine cut shares of Harley-Davidson from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $51.17.
In related news, VP Tchernavia Rocker sold 1,401 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $47.74, for a total transaction of $66,883.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Paul J. Jones sold 870 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC bought a new position in Harley-Davidson during the third quarter worth $166,000. IFG Advisory LLC bought a new position in Harley-Davidson during the fourth quarter worth $239,000. Dynamic Capital Management Ltd bought a new position in Harley-Davidson during the fourth quarter worth $255,000. Sciencast Management LP bought a new position in Harley-Davidson during the fourth quarter worth $266,000. Finally, IFM Investors Pty Ltd acquired a new stake in Harley-Davidson during the third quarter worth $280,000. 95.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of HOG opened at $42.05 on Thursday. The company has a market capitalization of $7,064.96, a PE ratio of 12.01, 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. Harley-Davidson has a 12-month low of $41.33 and a 12-month high of $62.59.
Harley-Davidson declared that its Board of Directors has initiated a share buyback program on Monday, February 5th that authorizes the company to buyback 15,000,000 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.
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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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