Research Analysts Offer Predictions for Harley-Davidson Inc’s Q1 2019 Earnings (HOG)

Harley-Davidson Inc (NYSE:HOG) – Stock analysts at KeyCorp issued their Q1 2019 earnings per share (EPS) estimates for Harley-Davidson in a research note issued on Wednesday, January 9th. KeyCorp analyst B. Andress anticipates that the company will post earnings per share of $1.18 for the quarter. KeyCorp also issued estimates for Harley-Davidson’s Q2 2019 earnings at $1.55 EPS and Q4 2019 earnings at $0.48 EPS.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, October 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.25. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. Harley-Davidson had a return on equity of 33.57% and a net margin of 9.30%. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period last year, the company earned $0.40 EPS.

Several other research analysts have also recently commented on HOG. Zacks Investment Research cut shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. ValuEngine cut Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Citigroup cut their target price on Harley-Davidson from $53.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 30th. BMO Capital Markets reiterated a “market perform” rating and set a $45.00 target price (down previously from $52.00) on shares of Harley-Davidson in a research report on Friday, October 19th. Finally, Robert W. Baird cut their target price on Harley-Davidson from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, December 13th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $44.00.

NYSE:HOG opened at $36.55 on Thursday. The company has a market capitalization of $5.94 billion, a PE ratio of 10.44, a P/E/G ratio of 1.20 and a beta of 1.21. Harley-Davidson has a 1 year low of $31.36 and a 1 year high of $56.50. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.08 and a quick ratio of 0.95.

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Harley-Davidson by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 17,623,452 shares of the company’s stock worth $798,342,000 after purchasing an additional 232,373 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of Harley-Davidson by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 17,623,452 shares of the company’s stock worth $798,342,000 after acquiring an additional 232,373 shares during the period. BlackRock Inc. lifted its holdings in shares of Harley-Davidson by 0.8% during the 3rd quarter. BlackRock Inc. now owns 10,809,617 shares of the company’s stock worth $489,677,000 after acquiring an additional 87,939 shares during the period. Dodge & Cox lifted its holdings in shares of Harley-Davidson by 13.2% during the 3rd quarter. Dodge & Cox now owns 9,767,376 shares of the company’s stock worth $442,462,000 after acquiring an additional 1,141,650 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Harley-Davidson by 24.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,066,507 shares of the company’s stock worth $320,112,000 after acquiring an additional 1,366,599 shares during the period. 88.36% of the stock is owned by hedge funds and other institutional investors.

The company also recently announced a quarterly dividend, which was paid on Friday, December 28th. Shareholders of record on Friday, December 14th were paid a $0.37 dividend. The ex-dividend date was Thursday, December 13th. This represents a $1.48 annualized dividend and a yield of 4.05%. Harley-Davidson’s payout ratio is currently 42.29%.

Harley-Davidson Company Profile

Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment 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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