Harley-Davidson, Inc. (HOG) Posts Quarterly Earnings Results, Meets Expectations

Harley-Davidson, Inc. (HOG) Posts Quarterly Earnings Results, Meets Expectations

Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%.

Harley also noted that its USA market share increased in the latest quarter and its sales decline wasn't as steep as that of the broader industry. During the same period previous year, the business earned $0.64 EPS.

Analysts believe that the company has the potential to earn average revenue of $1.05 Billion for the current quarter. Among this group of ratios is the turnover to capital employed or return on investment (ROI) ratio. The firm has a 50-day moving average price of $47.64 and a 200-day moving average price of $51.92.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. This represents a $1.46 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Monday, September 11th. Harley-Davidson's dividend payout ratio is 45.63%.

Exane Derivatives decreased Harley (HOG) stake by 64.31% reported in 2017Q2 SEC filing. UBS AG reissued a "hold" rating and set a $47.00 price objective on shares of Harley-Davidson in a report on Wednesday, September 13th. The original version of this story can be viewed at https://baseballnewssource.com/markets/harley-davidson-inc-hog-given-hold-rating-at-goldman-sachs-group-inc-the/1718886.html. Wedbush set a $45.00 price objective on Harley-Davidson and gave the stock a "hold" rating in a report on Sunday, October 8th. Tigress Financial reaffirmed a "buy" rating on shares of Harley-Davidson in a report on Friday, July 21st.

More news: Manchester United Talent Urges Team-Mates To Keep UEFA Youth League Run Intact

Harley-Davidson, Inc. (NYSE:HOG) has seen its SMA20 which is now -0.51%. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have assigned a buy rating to the stock. The company now has an average rating of "Hold" and an average target price of $52.47.

In related news, insider Lawrence G. Hund sold 15,013 shares of the company's stock in a transaction on Wednesday, August 30th. Punch & Associates Investment Management Inc sold 89,712 shares as Arbor Rlty Tr Inc (ABR)'s stock rose 11.61%. Following the completion of the sale, the insider now directly owns 23,673 shares in the company, valued at $1,116,892.14.

According to EnteroMedics Inc.'s Insider ownership is at 6.70%.

Aegis Capital analyst Rommel Dionisio said he would look for signs of an industrywide rebound in retail sales, or more market share gains by Harley, before getting more bullish on the stock. Geneva Advisors LLC lifted its position in shares of Harley-Davidson by 5.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 158,155 shares of the company's stock worth $9,569,000 after purchasing an additional 94,170 shares during the period. Finally, LSV Asset Management boosted its holdings in Harley-Davidson by 1.0% in the 2nd quarter.

"The continued weakness in the USA motorcycle industry only heightens our resolve and the intensity we are bringing to the quest to build the next generation of Harley-Davidson riders", said a defiant Matt Levatich, president and CEO, Harley-Davidson, Inc. Janus Henderson Group PLC now owns 559,881 shares of the company's stock worth $30,245,000 after purchasing an additional 541,280 shares in the last quarter. Finally, ValuEngine upgraded shares of Harley-Davidson from a hold rating to a buy rating in a research note on Friday, July 7th. Sg Americas Ltd Liability has invested 0.01% in Harley-Davidson Inc (NYSE:HOG). If you are viewing this news story on another website, it was illegally stolen and reposted in violation of U.S. & global trademark & copyright law. The Financial Services segment consists of HDFS, which provides wholesale and retail financing and insurance-related programs to the Harley-Davidson dealers and their retail customers.

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