$1.10 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 $1.10 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Harley-Davidson’s earnings. The lowest sales estimate is $1.06 billion and the highest is $1.14 billion. Harley-Davidson posted sales of $962.14 million in the same quarter last year, which suggests a positive year-over-year growth rate of 14.3%. The business is scheduled to issue its next earnings report before the market opens on Tuesday, October 23rd.

On average, analysts expect that Harley-Davidson will report full-year sales of $5.09 billion for the current fiscal year, with estimates ranging from $5.01 billion to $5.17 billion. For the next financial year, analysts anticipate that the company will post sales of $5.14 billion, with estimates ranging from $5.04 billion to $5.23 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Harley-Davidson.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, July 24th. The company reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.11. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.43 billion. Harley-Davidson had a net margin of 10.08% and a return on equity of 31.70%. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.48 EPS.

A number of brokerages recently weighed in on HOG. Royal Bank of Canada reduced their target price on shares of Harley-Davidson from $45.00 to $43.00 and set a “sector perform” rating for the company in a research note on Wednesday. Goldman Sachs Group set a $45.00 target price on shares of Harley-Davidson and gave the stock a “hold” rating in a research note on Tuesday. ValuEngine lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Finally, Wedbush reduced their target price on shares of Harley-Davidson from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, October 4th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Harley-Davidson currently has an average rating of “Hold” and a consensus price target of $47.45.

In other Harley-Davidson news, insider Lawrence G. Hund sold 37,040 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $43.33, for a total transaction of $1,604,943.20. Following the sale, the insider now directly owns 29,715 shares of the company’s stock, valued at approximately $1,287,550.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jochen Zeitz sold 1,598 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $43.50, for a total transaction of $69,513.00. The disclosure for this sale can be found here. Insiders have sold a total of 51,225 shares of company stock worth $2,221,739 over the last three months. Insiders own 0.58% of the company’s stock.

Large investors have recently modified their holdings of the business. Whittier Trust Co. bought a new stake in Harley-Davidson during the 2nd quarter worth about $112,000. Whittier Trust Co. of Nevada Inc. bought a new stake in Harley-Davidson during the 2nd quarter worth about $183,000. Cribstone Capital Management LLC lifted its position in Harley-Davidson by 75.0% during the 2nd quarter. Cribstone Capital Management LLC now owns 2,800 shares of the company’s stock worth $118,000 after buying an additional 1,200 shares in the last quarter. Banco de Sabadell S.A bought a new stake in Harley-Davidson during the 1st quarter worth about $127,000. Finally, CSat Investment Advisory L.P. bought a new stake in Harley-Davidson during the 2nd quarter worth about $132,000. 85.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE HOG opened at $41.67 on Thursday. The firm has a market capitalization of $7.54 billion, a P/E ratio of 11.91, a P/E/G ratio of 1.46 and a beta of 0.93. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.35 and a quick ratio of 1.21. Harley-Davidson has a 1-year low of $39.34 and a 1-year high of $56.50.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Tuesday, September 18th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, September 17th. This represents a $1.48 annualized dividend and a yield of 3.55%. Harley-Davidson’s dividend payout ratio (DPR) is presently 42.29%.

Harley-Davidson Company Profile

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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