Harley-Davidson Inc (NYSE:HOG) Expected to Announce Quarterly Sales of $795.16 Million

Wall Street brokerages expect Harley-Davidson Inc (NYSE:HOG) to post $795.16 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Harley-Davidson’s earnings. The highest sales estimate is $1.02 billion and the lowest is $603.70 million. Harley-Davidson reported sales of $1.43 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 44.4%. The firm is scheduled to announce its next 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 year, with estimates ranging from $3.44 billion to $4.02 billion. For the next financial year, analysts forecast that the company will report 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 research analysts that that provide coverage for Harley-Davidson.

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

Several analysts have recently issued reports on the company. Citigroup assumed coverage on Harley-Davidson in a research report on Monday. They issued a “buy” rating and a $33.00 price objective on the stock. William Blair restated a “hold” rating on shares of Harley-Davidson in a research report on Thursday, April 23rd. BMO Capital Markets upped their price objective on Harley-Davidson from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th. Morgan Stanley upped their price objective on Harley-Davidson from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Royal Bank of Canada restated an “underperform” rating and issued a $17.00 price objective (down from $36.00) on shares of Harley-Davidson in a research report on Monday, March 16th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $30.31.

In other news, Chairman Jochen Zeitz purchased 97,850 shares of the company’s stock in a transaction on Friday, May 8th. The stock was bought at an average cost of $21.26 per share, for a total transaction of $2,080,291.00. Following the completion of the purchase, the chairman now directly owns 97,850 shares of the company’s stock, valued at approximately $2,080,291. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.86% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Park National Corp OH acquired a new stake in Harley-Davidson during the second quarter worth about $215,000. State Street Corp grew its stake in shares of Harley-Davidson by 0.4% in the first quarter. State Street Corp now owns 7,629,911 shares of the company’s stock valued at $144,434,000 after buying an additional 27,343 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Harley-Davidson by 84.3% in the first quarter. Royal Bank of Canada now owns 77,590 shares of the company’s stock valued at $1,470,000 after buying an additional 35,501 shares in the last quarter. Richard P Slaughter Associates Inc grew its stake in shares of Harley-Davidson by 4.8% in the first quarter. Richard P Slaughter Associates Inc now owns 24,009 shares of the company’s stock valued at $454,000 after buying an additional 1,092 shares in the last quarter. Finally, Verus Capital Partners LLC grew its stake in shares of Harley-Davidson by 26.7% in the first quarter. Verus Capital Partners LLC now owns 2,246 shares of the company’s stock valued at $43,000 after buying an additional 473 shares in the last quarter. Institutional investors own 92.58% of the company’s stock.

HOG traded up $0.29 during trading on Monday, reaching $23.44. 1,830,500 shares of the stock were exchanged, compared to its average volume of 3,745,564. The business’s 50 day moving average price is $23.99 and its two-hundred day moving average price is $26.94. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.09 and a quick ratio of 0.95. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 3.19 and a beta of 1.44. Harley-Davidson has a 1 year low of $14.31 and a 1 year high of $40.89.

The company also recently declared 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. The ex-dividend date was Thursday, May 21st. This represents a $0.08 annualized dividend and a yield of 0.34%. Harley-Davidson’s dividend payout ratio is presently 2.38%.

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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