Analysts Anticipate Harley-Davidson Inc (NYSE:HOG) Will Announce Earnings of $0.50 Per Share

Equities research analysts expect that Harley-Davidson Inc (NYSE:HOG) will report earnings per share of $0.50 for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Harley-Davidson’s earnings. The highest EPS estimate is $0.60 and the lowest is $0.39. Harley-Davidson reported earnings of $0.68 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 26.5%. The business is scheduled to report its next quarterly earnings report on Tuesday, October 22nd.

According to Zacks, analysts expect that Harley-Davidson will report full year earnings of $2.78 per share for the current year, with EPS estimates ranging from $2.70 to $2.86. For the next financial year, analysts forecast that the company will report earnings of $3.54 per share, with EPS estimates ranging from $3.13 to $3.70. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Harley-Davidson.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, July 23rd. The company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.04. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Harley-Davidson had a net margin of 7.99% and a return on equity of 28.67%. The firm’s revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.52 EPS.

Several equities research analysts recently commented on HOG shares. Wedbush set a $35.00 price objective on shares of Harley-Davidson and gave the stock a “hold” rating in a research note on Friday, July 12th. Northcoast Research reaffirmed a “hold” rating on shares of Harley-Davidson in a report on Tuesday, June 4th. Morgan Stanley decreased their target price on shares of Harley-Davidson from $46.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Goldman Sachs Group reaffirmed a “sell” rating and issued a $34.00 target price (down from $37.00) on shares of Harley-Davidson in a report on Wednesday, April 24th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Harley-Davidson in a report on Friday, July 19th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $41.00.

In related news, VP Paul J. Jones sold 11,884 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $35.15, for a total transaction of $417,722.60. Following the sale, the vice president now directly owns 9,575 shares in the company, valued at approximately $336,561.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jochen Zeitz sold 2,227 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $33.05, for a total value of $73,602.35. Following the sale, the director now owns 1 shares in the company, valued at $33.05. The disclosure for this sale can be found here. Insiders sold 47,737 shares of company stock valued at $1,699,899 in the last quarter. 0.86% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Harley-Davidson by 31.0% in the 1st quarter. BlackRock Inc. now owns 14,230,558 shares of the company’s stock valued at $507,463,000 after acquiring an additional 3,367,376 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Harley-Davidson by 7.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,004,889 shares of the company’s stock valued at $501,795,000 after acquiring an additional 931,941 shares in the last quarter. LSV Asset Management grew its holdings in Harley-Davidson by 2.5% during the second quarter. LSV Asset Management now owns 4,180,390 shares of the company’s stock worth $149,783,000 after purchasing an additional 100,079 shares during the period. Beutel Goodman & Co Ltd. grew its holdings in Harley-Davidson by 2.5% during the first quarter. Beutel Goodman & Co Ltd. now owns 3,937,138 shares of the company’s stock worth $105,060,000 after purchasing an additional 95,538 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its holdings in shares of Harley-Davidson by 17.8% during the second quarter. Jupiter Asset Management Ltd. now owns 3,868,048 shares of the company’s stock worth $138,476,000 after acquiring an additional 584,557 shares during the period. Institutional investors own 91.50% of the company’s stock.

Harley-Davidson stock traded down $0.86 during trading hours on Monday, reaching $32.98. The stock had a trading volume of 811,097 shares, compared to its average volume of 2,074,581. The stock has a market cap of $5.34 billion, a PE ratio of 8.72, a PEG ratio of 1.22 and a beta of 1.18. Harley-Davidson has a 52 week low of $31.36 and a 52 week high of $46.22. The company has a current ratio of 1.15, a quick ratio of 1.03 and a debt-to-equity ratio of 2.43. The company’s fifty day simple moving average is $35.53.

About Harley-Davidson

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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