Q2 2017 EPS Estimates for Harley-Davidson, Inc. Boosted by Analyst (HOG)
Harley-Davidson, Inc. (NYSE:HOG) – Investment analysts at William Blair upped their Q2 2017 earnings per share (EPS) estimates for shares of Harley-Davidson in a report released on Wednesday. William Blair analyst S. Zackfia now forecasts that the company will post earnings of $1.31 per share for the quarter, up from their prior forecast of $1.30. William Blair also issued estimates for Harley-Davidson’s Q3 2017 earnings at $0.90 EPS, Q4 2017 earnings at $0.44 EPS and FY2017 earnings at $3.71 EPS.
Several other research firms have also weighed in on HOG. Longbow Research upgraded shares of Harley-Davidson from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 15th. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Wedbush raised their price target on shares of Harley-Davidson from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, April 3rd. Royal Bank Of Canada raised their price target on shares of Harley-Davidson from $58.00 to $60.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 5th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $49.00 price target on shares of Harley-Davidson in a research note on Thursday, April 6th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $56.53.
Shares of Harley-Davidson (NYSE HOG) opened at 53.93 on Thursday. The firm has a market capitalization of $9.49 billion, a PE ratio of 15.38 and a beta of 0.86. Harley-Davidson has a 1-year low of $45.34 and a 1-year high of $63.40. The firm has a 50-day moving average price of $53.81 and a 200-day moving average price of $57.40.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, April 18th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.03. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Harley-Davidson had a return on equity of 31.69% and a net margin of 12.50%. The company’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period last year, the firm earned $1.36 earnings per share.
The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Thursday, May 25th were given a $0.365 dividend. The ex-dividend date was Tuesday, May 23rd. This represents a $1.46 dividend on an annualized basis and a yield of 2.71%. Harley-Davidson’s payout ratio is 41.60%.
Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Harley-Davidson by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,000,239 shares of the company’s stock worth $58,354,000 after buying an additional 18,727 shares during the last quarter. FMR LLC increased its stake in Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock worth $33,578,000 after buying an additional 402,811 shares during the last quarter. Two Sigma Investments LP bought a new stake in Harley-Davidson during the fourth quarter worth about $646,000. AQR Capital Management LLC increased its stake in Harley-Davidson by 293.9% in the fourth quarter. AQR Capital Management LLC now owns 34,687 shares of the company’s stock worth $2,024,000 after buying an additional 25,882 shares during the last quarter. Finally, Numeric Investors LLC bought a new stake in Harley-Davidson during the fourth quarter worth about $473,000. Institutional investors own 86.98% of the company’s stock.
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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