$1.44 Billion in Sales Expected for Harley-Davidson Inc (HOG) This Quarter

Analysts expect that Harley-Davidson Inc (NYSE:HOG) will post sales of $1.44 billion for the current quarter, Zacks reports. Nine analysts have made estimates for Harley-Davidson’s earnings, with the highest sales estimate coming in at $1.54 billion and the lowest estimate coming in at $1.30 billion. Harley-Davidson posted sales of $1.58 billion during the same quarter last year, which suggests a negative year over year growth rate of 8.9%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, July 17th.

On average, analysts expect that Harley-Davidson will report full-year sales of $5.00 billion for the current financial year, with estimates ranging from $4.82 billion to $5.24 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $5.12 billion per share, with estimates ranging from $4.98 billion to $5.39 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Harley-Davidson.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, April 24th. The company reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.16. Harley-Davidson had a return on equity of 32.45% and a net margin of 10.31%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the business earned $1.05 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis.

Several analysts recently commented on the company. Wedbush dropped their price target on Harley-Davidson from $44.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday. Zacks Investment Research upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Tuesday, April 24th. Sanford C. Bernstein dropped their price target on Harley-Davidson from $52.00 to $45.00 and set a “market perform” rating for the company in a research report on Monday, March 26th. Longbow Research upgraded Harley-Davidson from an “underperform” rating to a “neutral” rating in a research report on Thursday, March 29th. Finally, Stifel Nicolaus dropped their price target on Harley-Davidson from $49.00 to $45.00 and set a “hold” rating for the company in a research report on Friday, April 13th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $50.19.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HOG. W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in Harley-Davidson during the first quarter worth $103,000. Banco de Sabadell S.A acquired a new position in Harley-Davidson during the first quarter worth $127,000. Ballew Advisors Inc acquired a new position in Harley-Davidson during the first quarter worth $134,000. Rampart Investment Management Company LLC boosted its stake in Harley-Davidson by 114.0% during the first quarter. Rampart Investment Management Company LLC now owns 4,932 shares of the company’s stock worth $211,000 after buying an additional 2,627 shares during the last quarter. Finally, IFG Advisory LLC acquired a new position in shares of Harley-Davidson in the 4th quarter valued at $239,000. 95.39% of the stock is currently owned by institutional investors.

Shares of HOG traded down $0.39 during trading hours on Friday, hitting $42.55. 1,947,276 shares of the stock were exchanged, compared to its average volume of 2,617,206. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.96 and a current ratio of 1.11. Harley-Davidson has a 12-month low of $39.34 and a 12-month high of $56.95. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 1.33 and a beta of 0.89.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Wednesday, May 30th. Harley-Davidson’s dividend payout ratio (DPR) is currently 42.29%.

About Harley-Davidson

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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Earnings History and Estimates for Harley-Davidson (NYSE:HOG)

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