Harley-Davidson, Inc. (NYSE:HOG) – Equities research analysts at William Blair dropped their Q3 2017 earnings per share estimates for shares of Harley-Davidson in a research report issued on Tuesday. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $0.43 for the quarter, down from their prior forecast of $0.90. William Blair also issued estimates for Harley-Davidson’s Q4 2017 earnings at $0.47 EPS and FY2018 earnings at $3.70 EPS.
Several other research analysts have also issued reports on HOG. Wedbush raised their target price on Harley-Davidson from $53.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, April 3rd. Royal Bank Of Canada increased their price target on Harley-Davidson from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 5th. Jefferies Group LLC reiterated a “hold” rating and set a $49.00 price target on shares of Harley-Davidson in a report on Thursday, April 6th. DA Davidson upgraded Harley-Davidson from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 12th. Finally, Raymond James Financial, Inc. upgraded Harley-Davidson from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 12th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and six have issued a buy rating to the stock. Harley-Davidson has an average rating of “Hold” and a consensus target price of $54.83.
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Harley-Davidson (NYSE:HOG) opened at 48.26 on Friday. The firm has a market capitalization of $8.49 billion, a PE ratio of 13.76 and a beta of 0.86. Harley-Davidson has a 1-year low of $46.00 and a 1-year high of $63.40. The firm has a 50-day moving average price of $53.21 and a 200-day moving average price of $56.65.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.10. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the previous year, the firm earned $1.55 earnings per share. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year.
A number of institutional investors have recently made changes to their positions in HOG. Leavell Investment Management Inc. increased its position in shares of Harley-Davidson by 0.6% in the first quarter. Leavell Investment Management Inc. now owns 5,534 shares of the company’s stock worth $335,000 after buying an additional 34 shares during the last quarter. Fulton Bank N.A. increased its position in shares of Harley-Davidson by 0.4% in the first quarter. Fulton Bank N.A. now owns 9,272 shares of the company’s stock worth $561,000 after buying an additional 38 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Harley-Davidson by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock worth $589,000 after buying an additional 100 shares during the last quarter. First Business Financial Services Inc. increased its position in shares of Harley-Davidson by 1.2% in the first quarter. First Business Financial Services Inc. now owns 8,907 shares of the company’s stock worth $539,000 after buying an additional 107 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Harley-Davidson by 3.3% in the first quarter. Pacer Advisors Inc. now owns 3,698 shares of the company’s stock worth $224,000 after buying an additional 117 shares during the last quarter. 84.94% of the stock is currently owned by institutional investors and hedge funds.
Harley-Davidson Company Profile
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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