Brokerages forecast that Harley-Davidson Inc (NYSE:HOG) will report sales of $1.05 billion for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Harley-Davidson’s earnings. The lowest sales estimate is $1.03 billion and the highest is $1.07 billion. Harley-Davidson posted sales of $1.12 billion during the same quarter last year, which would indicate a negative year over year growth rate of 6.3%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, October 22nd.
On average, analysts expect that Harley-Davidson will report full year sales of $4.63 billion for the current fiscal year, with estimates ranging from $4.56 billion to $4.73 billion. For the next fiscal year, analysts forecast that the business will post sales of $4.64 billion, with estimates ranging from $4.55 billion to $4.73 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Harley-Davidson.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.04. Harley-Davidson had a return on equity of 28.67% and a net margin of 7.99%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. The business’s revenue was down 6.0% on a year-over-year basis.
In other Harley-Davidson news, VP Paul J. Jones sold 11,884 shares of the firm’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $35.15, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jochen Zeitz sold 2,227 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $33.05, for a total transaction of $73,602.35. Following the completion of 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 a total of 47,737 shares of company stock worth $1,699,899 over the last 90 days. Company insiders own 0.86% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Morningstar Investment Services LLC bought a new position in Harley-Davidson during the 1st quarter valued at about $6,625,000. OLD National Bancorp IN boosted its holdings in shares of Harley-Davidson by 27.6% during the second quarter. OLD National Bancorp IN now owns 68,445 shares of the company’s stock valued at $2,453,000 after acquiring an additional 14,803 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in shares of Harley-Davidson by 1.4% during the first quarter. Parametric Portfolio Associates LLC now owns 380,259 shares of the company’s stock valued at $13,560,000 after acquiring an additional 5,098 shares during the period. Mn Services Vermogensbeheer B.V. grew its position in shares of Harley-Davidson by 207.6% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 86,975 shares of the company’s stock worth $3,116,000 after acquiring an additional 58,700 shares during the last quarter. Finally, Icon Wealth Partners LLC bought a new position in shares of Harley-Davidson during the first quarter worth about $27,000. Institutional investors own 94.12% of the company’s stock.
NYSE:HOG traded up $0.30 on Wednesday, reaching $32.56. The stock had a trading volume of 1,323,688 shares, compared to its average volume of 2,058,714. The company has a current ratio of 1.15, a quick ratio of 1.03 and a debt-to-equity ratio of 2.45. The company has a 50-day moving average of $35.10 and a 200 day moving average of $36.13. The stock has a market cap of $4.91 billion, a P/E ratio of 8.61, a price-to-earnings-growth ratio of 1.11 and a beta of 1.18. Harley-Davidson has a 12-month low of $31.16 and a 12-month high of $46.22.
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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