Analysts expect Harley-Davidson Inc (NYSE:HOG) to report $1.44 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Harley-Davidson’s earnings, with the lowest sales estimate coming in at $1.30 billion and the highest estimate coming in at $1.54 billion. Harley-Davidson reported sales of $1.58 billion during the same quarter last year, which indicates a negative year over year growth rate of 8.9%. The firm is scheduled to announce its next earnings report on Tuesday, July 17th.

According to Zacks, analysts expect that Harley-Davidson will report full-year sales of $4.99 billion for the current fiscal year, with estimates ranging from $4.82 billion to $5.24 billion. For the next financial year, analysts anticipate that the firm will report sales of $5.12 billion per share, with estimates ranging from $4.98 billion to $5.39 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Harley-Davidson.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, April 24th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.16. Harley-Davidson had a return on equity of 32.45% and a net margin of 10.31%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the business posted $1.05 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year.

A number of research analysts recently issued reports on HOG shares. Zacks Investment Research raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Tuesday, May 22nd. Wedbush set a $44.00 price objective on Harley-Davidson and gave the stock a “hold” rating in a report on Wednesday, April 11th. Goldman Sachs Group dropped their price objective on Harley-Davidson from $47.00 to $45.00 and set a “hold” rating for the company in a report on Tuesday, April 17th. Sanford C. Bernstein dropped their price objective on Harley-Davidson from $52.00 to $45.00 and set a “market perform” rating for the company in a report on Monday, March 26th. Finally, Stifel Nicolaus dropped their price objective on Harley-Davidson from $49.00 to $45.00 and set a “hold” rating for the company in a report on Friday, April 13th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $49.40.

Shares of Harley-Davidson stock traded up $0.10 during trading on Friday, reaching $42.65. The company’s stock had a trading volume of 1,628,372 shares, compared to its average volume of 1,604,374. The company has a quick ratio of 0.96, a current ratio of 1.11 and a debt-to-equity ratio of 2.06. Harley-Davidson has a one year low of $39.34 and a one year high of $56.95. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 12.19, a P/E/G ratio of 1.37 and a beta of 0.89.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 31st will be given a dividend of $0.37 per share. The ex-dividend date is Wednesday, May 30th. This represents a $1.48 annualized dividend and a dividend yield of 3.47%. Harley-Davidson’s payout ratio is currently 42.29%.

Institutional investors have recently bought and sold shares of the company. W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in shares of Harley-Davidson during the 1st quarter worth about $103,000. Banco de Sabadell S.A acquired a new position in shares of Harley-Davidson during the 1st quarter worth about $127,000. Ballew Advisors Inc acquired a new position in shares of Harley-Davidson during the 1st quarter worth about $134,000. Rampart Investment Management Company LLC grew its position in shares of Harley-Davidson by 114.0% during the 1st quarter. Rampart Investment Management Company LLC now owns 4,932 shares of the company’s stock worth $211,000 after buying an additional 2,627 shares during the period. Finally, IFG Advisory LLC acquired a new position in shares of Harley-Davidson during the 4th quarter worth about $239,000. Institutional investors own 95.39% of the company’s stock.

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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