William Blair Weighs in on Harley-Davidson Inc’s Q3 2018 Earnings (HOG)

Harley-Davidson Inc (NYSE:HOG) – Research analysts at William Blair lowered their Q3 2018 earnings per share estimates for shares of Harley-Davidson in a note issued to investors on Wednesday, October 17th, according to Zacks Investment Research. William Blair analyst S. Zackfia now expects that the company will earn $0.55 per share for the quarter, down from their previous estimate of $0.57. William Blair also issued estimates for Harley-Davidson’s Q4 2018 earnings at $0.64 EPS, FY2018 earnings at $3.96 EPS and FY2020 earnings at $4.51 EPS.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, October 23rd. The company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.25. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Harley-Davidson had a net margin of 10.66% and a return on equity of 33.57%. The company’s revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 earnings per share.

Several other brokerages have also weighed in on HOG. ValuEngine raised shares of Harley-Davidson from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 24th. Argus dropped their price objective on shares of Harley-Davidson from $50.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, October 24th. BMO Capital Markets dropped their price objective on shares of Harley-Davidson from $45.00 to $42.00 and set a “market perform” rating on the stock in a research report on Thursday, October 25th. Citigroup dropped their price objective on shares of Harley-Davidson from $53.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. Finally, Barclays dropped their price objective on shares of Harley-Davidson from $36.00 to $35.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 24th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $44.38.

Shares of HOG traded down $0.13 during trading hours on Thursday, hitting $40.73. The company had a trading volume of 2,275,339 shares, compared to its average volume of 3,067,048. The firm has a market capitalization of $6.82 billion, a PE ratio of 11.64, a PEG ratio of 1.32 and a beta of 1.08. Harley-Davidson has a 12 month low of $35.76 and a 12 month 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.

A number of hedge funds have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC increased its holdings in Harley-Davidson by 10.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 12,659 shares of the company’s stock valued at $533,000 after buying an additional 1,187 shares during the period. Cribstone Capital Management LLC increased its holdings in Harley-Davidson by 75.0% in the 2nd quarter. Cribstone Capital Management LLC now owns 2,800 shares of the company’s stock valued at $118,000 after buying an additional 1,200 shares during the period. Aperio Group LLC increased its holdings in Harley-Davidson by 2.9% in the 3rd quarter. Aperio Group LLC now owns 50,236 shares of the company’s stock valued at $2,276,000 after buying an additional 1,408 shares during the period. Flinton Capital Management LLC boosted its stake in shares of Harley-Davidson by 11.6% in the 2nd quarter. Flinton Capital Management LLC now owns 14,028 shares of the company’s stock valued at $590,000 after purchasing an additional 1,456 shares in the last quarter. Finally, Whittier Trust Co. acquired a new stake in shares of Harley-Davidson in the 2nd quarter valued at approximately $112,000. 85.72% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CFO John A. Olin sold 12,587 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $43.48, for a total transaction of $547,282.76. Following the transaction, the chief financial officer now directly owns 55,016 shares of the company’s stock, valued at $2,392,095.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.58% of the stock is currently owned by company insiders.

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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Earnings History and Estimates for Harley-Davidson (NYSE:HOG)

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