$1.03 Billion in Sales Expected for Harley-Davidson, Inc. (HOG) This Quarter
Wall Street analysts predict that Harley-Davidson, Inc. (NYSE:HOG) will announce $1.03 billion in sales for the current quarter, Zacks reports. Nine analysts have made estimates for Harley-Davidson’s earnings. The highest sales estimate is $1.10 billion and the lowest is $959.00 million. Harley-Davidson reported sales of $933.02 million in the same quarter last year, which indicates a positive year over year growth rate of 10.4%. The business is scheduled to issue its next quarterly earnings report on Tuesday, January 30th.
According to Zacks, analysts expect that Harley-Davidson will report full year sales of $1.03 billion for the current financial year, with estimates ranging from $4.84 billion to $4.97 billion. For the next year, analysts expect that the business will report sales of $4.98 billion per share, with estimates ranging from $4.72 billion to $5.20 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Harley-Davidson.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The business had revenue of $962.10 million for the quarter, compared to analysts’ expectations of $959.41 million. During the same quarter last year, the firm earned $0.64 earnings per share. The business’s revenue was down 11.9% on a year-over-year basis.
HOG has been the topic of a number of research analyst reports. Zacks Investment Research cut Harley-Davidson from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Wedbush set a $45.00 target price on Harley-Davidson and gave the company a “hold” rating in a report on Sunday, October 8th. BMO Capital Markets reiterated a “buy” rating and issued a $56.00 target price on shares of Harley-Davidson in a report on Friday, October 13th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $51.00 target price (down previously from $53.00) on shares of Harley-Davidson in a report on Thursday, July 13th. Finally, Aegis initiated coverage on Harley-Davidson in a report on Monday, August 28th. They issued a “hold” rating and a $49.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $52.50.
In other news, insider Lawrence G. Hund sold 15,013 shares of Harley-Davidson stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total transaction of $708,313.34. Following the sale, the insider now directly owns 23,673 shares of the company’s stock, valued at $1,116,892.14. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew S. Levatich sold 19,447 shares of Harley-Davidson stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $48.36, for a total value of $940,456.92. Following the sale, the chief executive officer now directly owns 88,646 shares in the company, valued at $4,286,920.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,739 shares of company stock worth $3,524,954. Corporate insiders own 0.70% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in HOG. OppenheimerFunds Inc. increased its holdings in Harley-Davidson by 3.8% in the first quarter. OppenheimerFunds Inc. now owns 11,816 shares of the company’s stock valued at $715,000 after buying an additional 429 shares during the last quarter. Teachers Advisors LLC increased its holdings in Harley-Davidson by 19.7% in the first quarter. Teachers Advisors LLC now owns 321,513 shares of the company’s stock valued at $19,452,000 after buying an additional 52,868 shares during the last quarter. AQR Capital Management LLC increased its holdings in Harley-Davidson by 5.4% in the first quarter. AQR Capital Management LLC now owns 36,569 shares of the company’s stock valued at $2,212,000 after buying an additional 1,882 shares during the last quarter. HighTower Advisors LLC increased its holdings in Harley-Davidson by 121.7% in the first quarter. HighTower Advisors LLC now owns 12,106 shares of the company’s stock valued at $730,000 after buying an additional 6,646 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Harley-Davidson by 3.6% in the first quarter. Nomura Asset Management Co. Ltd. now owns 22,800 shares of the company’s stock valued at $1,379,000 after buying an additional 790 shares during the last quarter. 92.05% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Harley-Davidson (NYSE:HOG) traded up $1.45 during trading on Tuesday, reaching $47.30. The company had a trading volume of 4,136,909 shares, compared to its average volume of 2,263,584. Harley-Davidson has a 52-week low of $44.52 and a 52-week high of $63.40. The firm has a market capitalization of $7,920.00, a PE ratio of 14.22, a P/E/G ratio of 1.56 and a beta of 0.94. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 2.48.
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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