FY2018 EPS Estimates for Harley-Davidson Inc (HOG) Boosted by Wedbush
Harley-Davidson Inc (NYSE:HOG) – Wedbush upped their FY2018 EPS estimates for Harley-Davidson in a report released on Wednesday. Wedbush analyst J. Hardiman now forecasts that the company will earn $3.87 per share for the year, up from their prior forecast of $3.48. Wedbush currently has a “Neutral” rating and a $49.00 target price on the stock. Wedbush also issued estimates for Harley-Davidson’s Q4 2018 earnings at $0.66 EPS.
Several other research analysts have also issued reports on the company. Goldman Sachs Group lowered Harley-Davidson to a “hold” rating and set a $43.00 target price for the company. in a research report on Wednesday, January 3rd. Argus raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Friday, October 20th. Zacks Investment Research raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research report on Tuesday, January 2nd. BMO Capital Markets reaffirmed a “buy” rating and set a $56.00 target price on shares of Harley-Davidson in a research report on Friday, October 13th. Finally, TheStreet lowered Harley-Davidson from a “b-” rating to a “c+” rating in a research report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $52.72.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, January 30th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.08. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. Harley-Davidson had a return on equity of 31.23% and a net margin of 10.62%. Harley-Davidson’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $0.27 EPS.
Hedge funds have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new position in shares of Harley-Davidson in the 3rd quarter worth about $166,000. IFG Advisory LLC bought a new position in shares of Harley-Davidson in the 4th quarter worth about $239,000. Profund Advisors LLC raised its position in shares of Harley-Davidson by 29.5% in the 2nd quarter. Profund Advisors LLC now owns 5,487 shares of the company’s stock worth $296,000 after acquiring an additional 1,251 shares in the last quarter. Parametrica Management Ltd bought a new position in shares of Harley-Davidson in the 3rd quarter worth about $269,000. Finally, IFM Investors Pty Ltd bought a new position in shares of Harley-Davidson in the 3rd quarter worth about $280,000. 97.45% of the stock is owned by hedge funds and other institutional investors.
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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