Harley-Davidson Inc Expected to Earn FY2017 Earnings of $3.30 Per Share (HOG)

Harley-Davidson Inc (NYSE:HOG) – Equities researchers at Northcoast Research cut their FY2017 earnings estimates for shares of Harley-Davidson in a research note issued to investors on Tuesday. Northcoast Research analyst S. Woolf now anticipates that the company will post earnings per share of $3.30 for the year, down from their prior estimate of $3.40. Northcoast Research also issued estimates for Harley-Davidson’s Q4 2017 earnings at $0.34 EPS, Q1 2018 earnings at $1.33 EPS, Q2 2018 earnings at $1.58 EPS and Q4 2018 earnings at $0.26 EPS.

Other analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a report on Tuesday, January 2nd. BMO Capital Markets restated a “buy” rating and issued a $56.00 price target on shares of Harley-Davidson in a report on Friday, October 13th. Stifel Nicolaus restated a “buy” rating and issued a $48.00 price target (down from $51.00) on shares of Harley-Davidson in a report on Tuesday, October 10th. Argus upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Friday, October 20th. Finally, TheStreet cut shares of Harley-Davidson from a “b-” rating to a “c+” rating in a report on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $53.12.

Shares of Harley-Davidson (NYSE HOG) opened at $52.51 on Thursday. Harley-Davidson has a 1-year low of $44.52 and a 1-year high of $63.40. The firm has a market cap of $8,747.98, a PE ratio of 16.41, a PEG ratio of 1.65 and a beta of 0.96. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.18 and a quick ratio of 1.03.

Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. The company had revenue of $962.10 million for the quarter, compared to analysts’ expectations of $959.41 million. During the same period in the prior year, the business earned $0.64 EPS. The firm’s quarterly revenue was down 11.9% on a year-over-year basis.

A number of hedge funds have recently added to or reduced their stakes in the stock. Veritable L.P. boosted its stake in Harley-Davidson by 1.0% in the 2nd quarter. Veritable L.P. now owns 13,842 shares of the company’s stock worth $748,000 after purchasing an additional 138 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in Harley-Davidson by 0.3% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 95,625 shares of the company’s stock worth $5,165,000 after purchasing an additional 280 shares in the last quarter. MML Investors Services LLC boosted its stake in Harley-Davidson by 11.1% in the 2nd quarter. MML Investors Services LLC now owns 6,169 shares of the company’s stock worth $333,000 after purchasing an additional 614 shares in the last quarter. Suntrust Banks Inc. boosted its stake in Harley-Davidson by 12.2% in the 2nd quarter. Suntrust Banks Inc. now owns 7,625 shares of the company’s stock worth $411,000 after purchasing an additional 828 shares in the last quarter. Finally, Robinson Value Management Ltd. raised its position in Harley-Davidson by 3.5% during the 3rd quarter. Robinson Value Management Ltd. now owns 31,959 shares of the company’s stock worth $1,541,000 after buying an additional 1,066 shares during the last quarter. Institutional investors own 97.18% of the company’s stock.

In related news, CEO Matthew S. Levatich sold 19,447 shares of Harley-Davidson stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $48.36, for a total value of $940,456.92. Following the completion of the sale, the chief executive officer now directly owns 88,646 shares in the company, valued at approximately $4,286,920.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jochen Zeitz sold 1,859 shares of Harley-Davidson stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $47.80, for a total transaction of $88,860.20. The disclosure for this sale can be found here. Insiders sold a total of 29,966 shares of company stock valued at $1,435,298 over the last quarter. 0.70% of the stock is owned by company insiders.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Thursday, December 14th. Harley-Davidson’s dividend payout ratio (DPR) is presently 45.63%.

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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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