FY2016 EPS Estimates for Harley-Davidson Inc. Reduced by William Blair (HOG)
Harley-Davidson Inc. (NYSE:HOG) – Research analysts at William Blair lowered their FY2016 earnings per share estimates for Harley-Davidson in a note issued to investors on Monday. William Blair analyst S. Zackfia now forecasts that the brokerage will post earnings of $3.84 per share for the year, down from their previous estimate of $3.85. William Blair also issued estimates for Harley-Davidson’s Q4 2016 earnings at $0.24 EPS and FY2017 earnings at $4.18 EPS.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.01. Harley-Davidson had a net margin of 13.23% and a return on equity of 34.33%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the firm posted $1.44 EPS. Harley-Davidson’s revenue for the quarter was up 1.2% on a year-over-year basis.
A number of other equities analysts also recently commented on HOG. Wells Fargo & Co. downgraded Harley-Davidson from an “outperform” rating to a “market perform” rating in a report on Friday, July 29th. Vetr downgraded Harley-Davidson from a “hold” rating to a “sell” rating and set a $51.00 price objective on the stock. in a report on Monday, August 8th. Longbow Research downgraded Harley-Davidson from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $52.57 to $40.00 in a report on Monday, August 29th. UBS AG restated a “neutral” rating and issued a $55.00 price objective on shares of Harley-Davidson in a report on Sunday, August 14th. Finally, Citigroup Inc. increased their price objective on Harley-Davidson from $51.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, August 29th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the stock. Harley-Davidson has an average rating of “Hold” and a consensus price target of $51.16.
Harley-Davidson (NYSE:HOG) opened at 50.19 on Wednesday. The stock has a market capitalization of $9.06 billion, a P/E ratio of 13.36 and a beta of 1.05. Harley-Davidson has a 12 month low of $36.36 and a 12 month high of $57.33. The firm’s 50-day moving average is $51.79 and its 200 day moving average is $48.98.
A number of hedge funds have recently made changes to their positions in the company. Aperio Group LLC raised its stake in shares of Harley-Davidson by 16.9% in the first quarter. Aperio Group LLC now owns 53,066 shares of the company’s stock worth $2,724,000 after buying an additional 7,690 shares during the last quarter. Ngam Advisors L.P. raised its stake in shares of Harley-Davidson by 59.5% in the first quarter. Ngam Advisors L.P. now owns 43,187 shares of the company’s stock worth $2,217,000 after buying an additional 16,113 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in shares of Harley-Davidson during the first quarter worth approximately $1,851,000. M&T Bank Corp raised its stake in shares of Harley-Davidson by 61.2% in the first quarter. M&T Bank Corp now owns 46,065 shares of the company’s stock worth $2,364,000 after buying an additional 17,483 shares during the last quarter. Finally, Credit Agricole S A raised its stake in shares of Harley-Davidson by 41.9% in the first quarter. Credit Agricole S A now owns 462,570 shares of the company’s stock worth $23,745,000 after buying an additional 136,579 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.
In related news, VP Paul J. Jones sold 2,517 shares of Harley-Davidson stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $54.03, for a total value of $135,993.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lawrence G. Hund sold 12,537 shares of Harley-Davidson stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $53.23, for a total value of $667,344.51. Following the completion of the sale, the insider now owns 16,922 shares of the company’s stock, valued at $900,758.06. The disclosure for this sale can be found here. 0.99% of the stock is owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Tuesday, September 13th were given a $0.35 dividend. The ex-dividend date was Friday, September 9th. This represents a $1.40 dividend on an annualized basis and a yield of 2.79%. Harley-Davidson’s payout ratio is 36.65%.
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 l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
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