Brokerages predict that Harley-Davidson, Inc. (NYSE:HOG) will post $988.26 million in sales for the current quarter, Zacks reports. Eight analysts have made estimates for Harley-Davidson’s earnings. The lowest sales estimate is $918.36 million and the highest is $1.18 billion. Harley-Davidson posted sales of $1.09 billion during the same quarter last year, which suggests a negative year over year growth rate of 9.3%. The company is expected to announce its next earnings report on Tuesday, October 17th.
On average, analysts expect that Harley-Davidson will report full year sales of $988.26 million for the current year, with estimates ranging from $4.86 billion to $5.24 billion. For the next financial year, analysts forecast that the firm will report sales of $5.06 billion per share, with estimates ranging from $4.88 billion to $5.41 billion. Zacks’ sales calculations are an 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 18th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.10. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.60 billion. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.55 earnings per share.
Several equities research analysts recently issued reports on the company. Raymond James Financial, Inc. upgraded Harley-Davidson from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 12th. DA Davidson upgraded Harley-Davidson from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 12th. UBS AG reiterated a “neutral” rating and issued a $57.00 price objective on shares of Harley-Davidson in a report on Monday, April 17th. Stifel Nicolaus reiterated a “hold” rating and issued a $63.00 price objective (up from $58.00) on shares of Harley-Davidson in a report on Friday, April 14th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $54.00 price objective on shares of Harley-Davidson in a report on Tuesday, April 18th. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $54.83.
Several hedge funds have recently added to or reduced their stakes in the stock. Independent Advisor Alliance raised its stake in Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock valued at $200,000 after buying an additional 2,772 shares during the last quarter. Wayne Hummer Investments L.L.C. purchased a new stake in shares of Harley-Davidson during the first quarter worth about $200,000. Stokes & Hubbell Capital Management LLC purchased a new stake in shares of Harley-Davidson during the first quarter worth about $201,000. Appleton Group LLC purchased a new stake in shares of Harley-Davidson during the first quarter worth about $210,000. Finally, Geneva Advisors LLC raised its stake in shares of Harley-Davidson by 5.4% in the second quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock worth $213,000 after buying an additional 200 shares during the last quarter. 85.14% of the stock is currently owned by hedge funds and other institutional investors.
Harley-Davidson (HOG) traded down 0.52% during midday trading on Friday, hitting $47.81. The company had a trading volume of 1,208,140 shares. Harley-Davidson has a 1-year low of $46.00 and a 1-year high of $63.40. The firm has a market capitalization of $8.34 billion, a P/E ratio of 14.00 and a beta of 0.84. The company has a 50 day moving average price of $51.75 and a 200 day moving average price of $55.88.
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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