Analysts Expect Harley-Davidson Inc (HOG) Will Post Earnings of $1.12 Per Share

Wall Street brokerages expect that Harley-Davidson Inc (NYSE:HOG) will report earnings of $1.12 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Harley-Davidson’s earnings. The highest EPS estimate is $1.33 and the lowest is $1.02. Harley-Davidson posted earnings per share of $1.05 during the same quarter last year, which would suggest a positive year over year growth rate of 6.7%. The company is expected to issue its next quarterly earnings report before the market opens on Tuesday, April 24th.

According to Zacks, analysts expect that Harley-Davidson will report full-year earnings of $3.77 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $3.90. For the next year, analysts expect that the firm will post earnings of $4.14 per share, with EPS estimates ranging from $3.88 to $4.35. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Harley-Davidson.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.08. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. Harley-Davidson had a return on equity of 31.23% and a net margin of 10.62%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 EPS.



Several equities analysts have recently weighed in on the company. Zacks Investment Research raised Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday. Wedbush reduced their price objective on Harley-Davidson to $49.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 10th. Sanford C. Bernstein reduced their price objective on Harley-Davidson from $52.00 to $45.00 and set a “market perform” rating on the stock in a research note on Monday, March 26th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $54.00 price objective (up from $49.00) on shares of Harley-Davidson in a research note on Wednesday, January 17th. Finally, Wells Fargo reduced their price objective on Harley-Davidson from $59.00 to $53.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. Harley-Davidson presently has a consensus rating of “Hold” and a consensus price target of $51.17.

In other Harley-Davidson news, VP Paul J. Jones sold 870 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $47.62, for a total value of $41,429.40. Following the transaction, the vice president now directly owns 3,399 shares of the company’s stock, valued at approximately $161,860.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Tchernavia Rocker sold 1,401 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $47.74, for a total value of $66,883.74. The disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC acquired a new position in shares of Harley-Davidson in the 3rd quarter valued at approximately $166,000. IFG Advisory LLC acquired a new position in shares of Harley-Davidson in the 4th quarter valued at approximately $239,000. Dynamic Capital Management Ltd acquired a new position in shares of Harley-Davidson in the 4th quarter valued at approximately $255,000. Sciencast Management LP acquired a new position in shares of Harley-Davidson in the 4th quarter valued at approximately $266,000. Finally, IFM Investors Pty Ltd acquired a new position in shares of Harley-Davidson in the 3rd quarter valued at approximately $280,000. 95.87% of the stock is currently owned by institutional investors.

NYSE HOG opened at $42.14 on Tuesday. The stock has a market capitalization of $7,081.80, a PE ratio of 12.12, a PEG ratio of 1.40 and a beta of 0.88. Harley-Davidson has a 1-year low of $41.33 and a 1-year high of $60.87. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 2.49.

Harley-Davidson declared that its board has approved a stock repurchase program on Monday, February 5th that authorizes the company to buyback 15,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

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About Harley-Davidson

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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