Zacks: Analysts Anticipate Harley-Davidson Inc (NYSE:HOG) Will Announce Earnings of $0.05 Per Share

Wall Street brokerages forecast that Harley-Davidson Inc (NYSE:HOG) will announce earnings of $0.05 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Harley-Davidson’s earnings, with the lowest EPS estimate coming in at ($0.01) and the highest estimate coming in at $0.10. The business is expected to issue its next earnings results before the market opens on Tuesday, January 28th.

According to Zacks, analysts expect that Harley-Davidson will report full year earnings of $2.64 per share for the current year, with EPS estimates ranging from $2.57 to $2.68. For the next financial year, analysts expect that the company will report earnings of $3.39 per share, with EPS estimates ranging from $3.20 to $3.55. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Harley-Davidson.

A number of brokerages have recently commented on HOG. Wedbush lowered their price target on Harley-Davidson from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Stifel Nicolaus set a $39.00 price target on Harley-Davidson and gave the company a “hold” rating in a research note on Friday, October 25th. Robert W. Baird lowered their price target on Harley-Davidson from $45.00 to $42.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Longbow Research reaffirmed a “hold” rating on shares of Harley-Davidson in a research note on Thursday, January 9th. Finally, KeyCorp cut Harley-Davidson from a “sector weight” rating to an “underweight” rating and set a $33.00 price target for the company. in a research note on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Harley-Davidson presently has a consensus rating of “Hold” and a consensus price target of $37.88.

Shares of HOG stock traded down $0.02 on Friday, reaching $35.23. The company had a trading volume of 1,994,728 shares, compared to its average volume of 1,317,699. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 2.53. The stock has a market cap of $5.44 billion, a PE ratio of 13.66, a PEG ratio of 1.27 and a beta of 1.15. The company has a 50-day moving average of $36.65 and a 200-day moving average of $35.78. Harley-Davidson has a 12 month low of $30.17 and a 12 month high of $41.40.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.50 dividend on an annualized basis and a yield of 4.26%. Harley-Davidson’s payout ratio is 39.68%.

In related news, SVP Michelle Kumbier sold 22,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $37.07, for a total transaction of $815,540.00. Following the completion of the sale, the senior vice president now directly owns 149 shares of the company’s stock, valued at approximately $5,523.43. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO John A. Olin sold 44,465 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $36.91, for a total value of $1,641,203.15. Following the sale, the chief financial officer now directly owns 102,965 shares of the company’s stock, valued at $3,800,438.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,465 shares of company stock valued at $2,778,503. 0.86% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of HOG. Parametric Portfolio Associates LLC boosted its holdings in Harley-Davidson by 20.5% during the second quarter. Parametric Portfolio Associates LLC now owns 458,035 shares of the company’s stock worth $16,411,000 after buying an additional 77,776 shares in the last quarter. Pinebridge Investments L.P. acquired a new position in Harley-Davidson during the second quarter worth about $25,000. BlackRock Inc. raised its position in Harley-Davidson by 3.2% during the second quarter. BlackRock Inc. now owns 14,685,602 shares of the company’s stock worth $526,185,000 after acquiring an additional 455,044 shares during the last quarter. Asset Management One Co. Ltd. raised its position in Harley-Davidson by 5.9% during the second quarter. Asset Management One Co. Ltd. now owns 83,013 shares of the company’s stock worth $2,973,000 after acquiring an additional 4,620 shares during the last quarter. Finally, Man Group plc raised its position in Harley-Davidson by 559.8% during the second quarter. Man Group plc now owns 99,518 shares of the company’s stock worth $3,566,000 after acquiring an additional 84,435 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Harley-Davidson (NYSE:HOG)

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