Equities analysts forecast that Harley-Davidson Inc (NYSE:HOG) will announce sales of $1.46 billion for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Harley-Davidson’s earnings. The highest sales estimate is $1.58 billion and the lowest is $1.42 billion. Harley-Davidson reported sales of $1.53 billion during the same quarter last year, which indicates a negative year over year growth rate of 4.6%. The company is scheduled to report its next quarterly earnings results on Tuesday, July 23rd.
On average, analysts expect that Harley-Davidson will report full-year sales of $4.72 billion for the current financial year, with estimates ranging from $4.66 billion to $4.82 billion. For the next fiscal year, analysts anticipate that the business will post sales of $4.74 billion, with estimates ranging from $4.64 billion to $4.88 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Harley-Davidson.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.12. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Harley-Davidson had a net margin of 8.72% and a return on equity of 28.82%. Harley-Davidson’s revenue was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.24 earnings per share.
A number of research firms have weighed in on HOG. Zacks Investment Research downgraded shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Northcoast Research reiterated a “neutral” rating on shares of Harley-Davidson in a report on Thursday, April 4th. ValuEngine upgraded Harley-Davidson from a “strong sell” rating to a “sell” rating in a report on Monday, February 4th. William Blair restated a “market perform” rating on shares of Harley-Davidson in a research note on Tuesday, January 29th. Finally, Goldman Sachs Group restated a “sell” rating and set a $34.00 price objective (down from $37.00) on shares of Harley-Davidson in a research note on Wednesday, April 24th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. Harley-Davidson presently has an average rating of “Hold” and an average price target of $42.08.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC purchased a new stake in shares of Harley-Davidson during the third quarter worth about $5,472,000. Jane Street Group LLC lifted its stake in shares of Harley-Davidson by 109.0% during the 3rd quarter. Jane Street Group LLC now owns 4,987 shares of the company’s stock worth $226,000 after acquiring an additional 60,640 shares during the last quarter. Vanguard Group Inc increased its holdings in Harley-Davidson by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 17,623,452 shares of the company’s stock worth $798,342,000 after purchasing an additional 232,373 shares during the period. State of Alaska Department of Revenue increased its holdings in Harley-Davidson by 7.8% during the 4th quarter. State of Alaska Department of Revenue now owns 59,500 shares of the company’s stock worth $2,029,000 after purchasing an additional 4,308 shares during the period. Finally, QUANTRES ASSET MANAGEMENT Ltd purchased a new position in Harley-Davidson during the 4th quarter worth $365,000. Institutional investors and hedge funds own 90.03% of the company’s stock.
Shares of HOG stock traded down $0.54 on Wednesday, reaching $34.56. The company had a trading volume of 1,177,092 shares, compared to its average volume of 2,014,698. Harley-Davidson has a one year low of $31.36 and a one year high of $46.79. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $5.58 billion, a P/E ratio of 9.14, a price-to-earnings-growth ratio of 1.20 and a beta of 1.15.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Thursday, May 30th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Wednesday, May 29th. Harley-Davidson’s dividend payout ratio is 39.68%.
Harley-Davidson Company Profile
Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.
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