$1.05 Billion in Sales Expected for Harley-Davidson Inc (HOG) This Quarter

Wall Street analysts expect that Harley-Davidson Inc (NYSE:HOG) will announce sales of $1.05 billion for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for Harley-Davidson’s earnings, with estimates ranging from $1.00 billion to $1.08 billion. Harley-Davidson also posted sales of $1.05 billion in the same quarter last year. The firm is scheduled to issue its next quarterly earnings report on Tuesday, January 29th.

According to Zacks, analysts expect that Harley-Davidson will report full year sales of $5.06 billion for the current financial year, with estimates ranging from $5.01 billion to $5.09 billion. For the next fiscal year, analysts expect that the firm will post sales of $5.03 billion, with estimates ranging from $4.87 billion to $5.14 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Harley-Davidson.

Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, October 23rd. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.25. Harley-Davidson had a return on equity of 33.57% and a net margin of 9.30%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the business posted $0.40 EPS. Harley-Davidson’s quarterly revenue was up 16.8% compared to the same quarter last year.

A number of research analysts have commented on the company. Wolfe Research assumed coverage on Harley-Davidson in a report on Tuesday, October 2nd. They set a “peer perform” rating and a $46.00 target price on the stock. ValuEngine raised Harley-Davidson from a “sell” rating to a “hold” rating in a report on Saturday, September 22nd. Wedbush reduced their target price on Harley-Davidson from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, October 4th. Zacks Investment Research downgraded Harley-Davidson from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Finally, Royal Bank of Canada reduced their target price on Harley-Davidson from $45.00 to $43.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 17th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $44.38.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CSat Investment Advisory L.P. bought a new stake in shares of Harley-Davidson in the 2nd quarter worth approximately $132,000. Comerica Securities Inc. acquired a new stake in Harley-Davidson in the 3rd quarter valued at approximately $202,000. IFG Advisory LLC acquired a new stake in Harley-Davidson in the 3rd quarter valued at approximately $206,000. Folger Nolan Fleming Douglas Capital Management Inc. acquired a new stake in Harley-Davidson in the 3rd quarter valued at approximately $208,000. Finally, Sowell Financial Services LLC acquired a new stake in Harley-Davidson in the 3rd quarter valued at approximately $209,000. 88.35% of the stock is currently owned by institutional investors and hedge funds.

NYSE:HOG traded down $1.20 during trading hours on Wednesday, reaching $38.25. 2,973,579 shares of the stock were exchanged, compared to its average volume of 2,227,279. The company has a quick ratio of 0.95, a current ratio of 1.08 and a debt-to-equity ratio of 1.95. Harley-Davidson has a 52 week low of $35.76 and a 52 week high of $56.50. The company has a market cap of $6.42 billion, a PE ratio of 10.93, a P/E/G ratio of 1.27 and a beta of 1.09.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Thursday, December 13th. Harley-Davidson’s dividend payout ratio (DPR) is 42.29%.

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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