Brokerages Anticipate Harley-Davidson Inc (NYSE:HOG) Will Post Quarterly Sales of $795.16 Million

Equities analysts forecast that Harley-Davidson Inc (NYSE:HOG) will announce sales of $795.16 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Harley-Davidson’s earnings, with the highest sales estimate coming in at $1.02 billion and the lowest estimate coming in at $603.70 million. Harley-Davidson reported sales of $1.43 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 44.4%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, July 28th.

According to Zacks, analysts expect that Harley-Davidson will report full-year sales of $3.69 billion for the current fiscal year, with estimates ranging from $3.44 billion to $4.02 billion. For the next financial year, analysts expect that the company will post sales of $4.18 billion, with estimates ranging from $3.93 billion to $4.55 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Harley-Davidson.

Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, April 28th. The company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.10. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.04 billion. Harley-Davidson had a net margin of 6.93% and a return on equity of 24.99%. The company’s revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.80 EPS.

Several research firms have recently weighed in on HOG. BMO Capital Markets boosted their target price on shares of Harley-Davidson from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Cfra dropped their target price on shares of Harley-Davidson from $32.00 to $20.00 and set a “hold” rating for the company in a research report on Tuesday, April 28th. ValuEngine raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Thursday, April 30th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $17.00 price objective (down previously from $36.00) on shares of Harley-Davidson in a research report on Monday, March 16th. Finally, Wedbush boosted their price objective on shares of Harley-Davidson from $19.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, June 9th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $30.08.

Shares of HOG traded up $0.29 during midday trading on Monday, hitting $23.44. The company had a trading volume of 1,830,501 shares, compared to its average volume of 5,416,795. The company’s 50 day moving average price is $23.84 and its 200 day moving average price is $27.08. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 3.19 and a beta of 1.44. Harley-Davidson has a 52 week low of $14.31 and a 52 week high of $40.89. The company has a quick ratio of 0.95, a current ratio of 1.09 and a debt-to-equity ratio of 2.67.

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Thursday, May 21st. Harley-Davidson’s payout ratio is 2.38%.

In other news, Chairman Jochen Zeitz bought 97,850 shares of Harley-Davidson stock in a transaction on Friday, May 8th. The stock was purchased at an average cost of $21.26 per share, with a total value of $2,080,291.00. Following the purchase, the chairman now directly owns 97,850 shares of the company’s stock, valued at approximately $2,080,291. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.86% of the company’s stock.

Several large investors have recently modified their holdings of HOG. Sailer Financial LLC acquired a new stake in shares of Harley-Davidson in the 4th quarter worth approximately $32,000. Verus Capital Partners LLC lifted its stake in shares of Harley-Davidson by 26.7% in the 1st quarter. Verus Capital Partners LLC now owns 2,246 shares of the company’s stock worth $43,000 after acquiring an additional 473 shares during the period. PSI Advisors LLC acquired a new stake in shares of Harley-Davidson in the 4th quarter worth approximately $51,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Harley-Davidson in the 4th quarter worth approximately $53,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Harley-Davidson by 134.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 4,121 shares of the company’s stock worth $78,000 after acquiring an additional 2,363 shares during the period. 92.58% of the stock is owned by institutional investors.

Harley-Davidson Company Profile

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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