$1.05 Billion in Sales Expected for Harley-Davidson Inc (HOG) This Quarter

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Analysts expect that Harley-Davidson Inc (NYSE:HOG) will post $1.05 billion in sales for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Harley-Davidson’s earnings, with the lowest sales estimate coming in at $1.00 billion and the highest estimate coming in at $1.08 billion. Harley-Davidson also reported sales of $1.05 billion in the same quarter last year. The company is scheduled to issue its next quarterly earnings results on Tuesday, January 29th.

According to Zacks, analysts expect that Harley-Davidson will report full-year sales of $5.06 billion for the current year, with estimates ranging from $5.01 billion to $5.09 billion. For the next year, analysts anticipate that the firm will report sales of $5.03 billion, with estimates ranging from $4.87 billion to $5.14 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Harley-Davidson.

Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, October 23rd. The company reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.25. Harley-Davidson had a return on equity of 33.57% and a net margin of 9.30%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business posted $0.40 earnings per share. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year.

Several brokerages have commented on HOG. Wolfe Research began coverage on Harley-Davidson in a research note on Tuesday, October 2nd. They set a “peer perform” rating and a $46.00 price target for the company. ValuEngine upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Saturday, September 22nd. Wedbush dropped their price target on Harley-Davidson from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, October 4th. Zacks Investment Research lowered Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Finally, Royal Bank of Canada dropped their price target on Harley-Davidson from $45.00 to $43.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 17th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $44.38.

Several hedge funds have recently bought and sold shares of HOG. Bank of Montreal Can acquired a new stake in shares of Harley-Davidson in the second quarter valued at about $3,195,000. Dupont Capital Management Corp grew its stake in shares of Harley-Davidson by 13.9% in the second quarter. Dupont Capital Management Corp now owns 21,196 shares of the company’s stock valued at $892,000 after buying an additional 2,592 shares in the last quarter. TD Asset Management Inc. grew its stake in shares of Harley-Davidson by 0.9% in the second quarter. TD Asset Management Inc. now owns 524,802 shares of the company’s stock valued at $22,083,000 after buying an additional 4,737 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Harley-Davidson by 6.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 554,354 shares of the company’s stock valued at $23,327,000 after buying an additional 32,676 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Harley-Davidson by 7.3% in the second quarter. Wells Fargo & Company MN now owns 379,201 shares of the company’s stock valued at $15,956,000 after buying an additional 25,900 shares in the last quarter. Institutional investors and hedge funds own 88.35% of the company’s stock.

NYSE:HOG traded down $1.20 on Wednesday, hitting $38.25. 2,973,579 shares of the stock were exchanged, compared to its average volume of 2,227,279. The firm has a market capitalization of $6.42 billion, a PE ratio of 10.93, a P/E/G ratio of 1.27 and a beta of 1.09. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.08 and a quick ratio of 0.95. Harley-Davidson has a fifty-two week low of $35.76 and a fifty-two week high of $56.50.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.48 annualized dividend and a yield of 3.87%. Harley-Davidson’s dividend payout ratio is presently 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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