Wall Street brokerages expect Harley-Davidson Inc (NYSE:HOG) to report $1.10 billion in sales for the current quarter, according to Zacks. Seven analysts have made estimates for Harley-Davidson’s earnings, with estimates ranging from $1.08 billion to $1.14 billion. Harley-Davidson posted sales of $962.14 million in the same quarter last year, which suggests a positive year-over-year growth rate of 14.3%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, October 16th.
On average, analysts expect that Harley-Davidson will report full year sales of $5.10 billion for the current fiscal year, with estimates ranging from $5.03 billion to $5.17 billion. For the next financial year, analysts forecast that the company will post sales of $5.14 billion per share, with estimates ranging from $5.04 billion to $5.23 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Harley-Davidson.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, July 24th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.11. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.43 billion. Harley-Davidson had a net margin of 10.08% and a return on equity of 31.70%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.48 EPS.
Several equities analysts recently commented on HOG shares. ValuEngine downgraded shares of Harley-Davidson from a “sell” rating to a “strong sell” rating in a report on Thursday, August 2nd. Zacks Investment Research downgraded shares of Harley-Davidson from a “buy” rating to a “hold” rating in a report on Thursday, May 24th. DA Davidson reiterated a “sell” rating on shares of Harley-Davidson in a report on Tuesday, August 14th. Morgan Stanley cut their price target on shares of Harley-Davidson from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Friday, June 29th. Finally, Wedbush cut their price target on shares of Harley-Davidson from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, June 7th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $48.27.
In other Harley-Davidson news, Director Jochen Zeitz sold 1,598 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $43.50, for a total value of $69,513.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lawrence G. Hund sold 37,040 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $43.33, for a total transaction of $1,604,943.20. Following the completion of the sale, the insider now directly owns 29,715 shares of the company’s stock, valued at $1,287,550.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,225 shares of company stock valued at $2,221,739. 0.58% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC boosted its position in Harley-Davidson by 10.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 12,659 shares of the company’s stock valued at $533,000 after buying an additional 1,187 shares during the period. Cribstone Capital Management LLC boosted its position in Harley-Davidson by 75.0% in the 2nd quarter. Cribstone Capital Management LLC now owns 2,800 shares of the company’s stock valued at $118,000 after buying an additional 1,200 shares during the period. Flinton Capital Management LLC boosted its position in Harley-Davidson by 11.6% in the 2nd quarter. Flinton Capital Management LLC now owns 14,028 shares of the company’s stock valued at $590,000 after buying an additional 1,456 shares during the period. Whittier Trust Co. purchased a new stake in Harley-Davidson in the 2nd quarter valued at about $112,000. Finally, Advisors Asset Management Inc. lifted its position in shares of Harley-Davidson by 9.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 18,502 shares of the company’s stock worth $779,000 after purchasing an additional 1,661 shares during the period. 85.87% of the stock is owned by institutional investors.
Shares of NYSE:HOG opened at $44.55 on Friday. The stock has a market cap of $7.40 billion, a P/E ratio of 12.73, a PEG ratio of 1.44 and a beta of 0.97. Harley-Davidson has a 12 month low of $39.34 and a 12 month high of $56.50. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.21 and a current ratio of 1.35.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Tuesday, September 18th will be given a $0.37 dividend. The ex-dividend date of this dividend is Monday, September 17th. This represents a $1.48 annualized dividend and a yield of 3.32%. Harley-Davidson’s dividend payout ratio (DPR) is 42.29%.
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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