Harley-Davidson, Inc. (NYSE:HOG) - Research analysts at Wedbush cut their Q3 2017 EPS estimates for Harley-Davidson in a note issued to investors on Wednesday. Wedbush analyst J. Hardiman now anticipates that the company will earn $0.41 per share for the quarter, down from their prior forecast of $0.78. Wedbush has a “Neutral” rating and a $53.00 price target on the stock.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.10. Harley-Davidson had a return on equity of 30.51% and a net margin of 12.30%. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the previous year, the firm earned $1.55 earnings per share. The company’s revenue was down 5.6% on a year-over-year basis.
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HOG has been the subject of several other reports. BidaskClub raised Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Royal Bank Of Canada lifted their price objective on Harley-Davidson from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 5th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $51.00 price objective (down from $53.00) on shares of Harley-Davidson in a research report on Thursday, July 13th. Stifel Nicolaus reissued a “hold” rating and issued a $63.00 price objective (up from $58.00) on shares of Harley-Davidson in a research report on Friday, April 14th. Finally, Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a research report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $54.83.
Harley-Davidson (HOG) opened at 48.26 on Friday. Harley-Davidson has a 1-year low of $46.00 and a 1-year high of $63.40. The firm has a 50-day moving average price of $53.21 and a 200-day moving average price of $56.65. The firm has a market capitalization of $8.49 billion, a PE ratio of 13.76 and a beta of 0.86.
A number of institutional investors have recently added to or reduced their stakes in HOG. Independent Advisor Alliance increased its position in Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock worth $200,000 after buying an additional 2,772 shares during the period. Wayne Hummer Investments L.L.C. bought a new position in Harley-Davidson during the first quarter worth about $200,000. Stokes & Hubbell Capital Management LLC bought a new position in Harley-Davidson during the first quarter worth about $201,000. Putnam Investments LLC bought a new position in Harley-Davidson during the fourth quarter worth about $204,000. Finally, Appleton Group LLC bought a new position in Harley-Davidson during the first quarter worth about $210,000. Institutional investors and hedge funds own 84.94% of the company’s stock.
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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