Harley-Davidson Profit Slides On Weak US Market

Other concerns faced by the company include higher product discounts, global economic uncertainty, high raw material costs and manufacturing expenses and currency fluctuations.

Analysts are speculating a 22.4% move, based on the high target price ($57) for the shares that is set to reach in the next 12 months.

A number of analysts recently issued reports on the company. BMO Capital Markets reaffirmed a "buy" rating and issued a $56.00 price objective on shares of Harley-Davidson in a research note on Friday. Jefferies Group LLC reissued a "hold" rating and issued a $49.00 price target on shares of Harley-Davidson in a research report on Tuesday, July 4th. (NYSE:HOG) opened at 46.62 on Friday. Shareholders of record on Tuesday, September 12th were paid a dividend of $0.365 per share. Another 18% of the analysts gave it "buy" recommendations, while only 5% gave it a "sell" recommendation. The company now has an average rating of "Hold" and an average target price of $52.38. This company shares are 42.8% off its target price of $16.75 and the current market capitalization stands at $3.27B. Utd Capital Fincl Advisers Ltd Liability Corp has 0% invested in Harley-Davidson Inc (NYSE:HOG) for 5,864 shares.

Analysts await Harley-Davidson Inc (NYSE:HOG) to report earnings on October, 17. After $0.33 actual earnings per share reported by Williams Partners LP for the previous quarter, Wall Street now forecasts 27.27% EPS growth. It has a Return on Investment (ROI) of 8.20% and a gross margin of 39.90%. The business had revenue of $962.10 million for the quarter, compared to the consensus estimate of $959.41 million. The company also lodged consolidated revenues of $1.15 billion, deteriorating from the prior-year tally of $1.27 billion. For the fourth quarter, the company expects to ship 46,700 to 51,700, bikes, up from 42,414 a year ago. Canada witnessed a 3.3% decrease, Latin America's sales reduced 11.5%, Middle East and Africa (EMEA) region's sales slipped 1.4%, while Asia-Pacific region witnessed a 6.7% drop.

From a broader perspective, Harley-Davidson stock has lost 20% year-to-date. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & worldwide trademark and copyright laws. Additionally, HOG had a day price range of $46.21 to $46.92. Northside Capital Management LLC bought a new position in Harley-Davidson during the 1st quarter valued at approximately $218,000. The shares were sold at an average price of $47.18, for a total transaction of $708,313.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Geneva Advisors LLC lifted its holdings in shares of Harley-Davidson by 5.4% in the 2nd quarter. Invictus RG now owns 4,208 shares of the company's stock worth $255,000 after purchasing an additional 3,948 shares in the last quarter.

Harley-Davidson spent $222 million to repurchase 4.5 million shares in third-quarter 2017. Annex Advisory Services LLC raised its position in Harley-Davidson by 2.5% during the 2nd quarter.

Pershing Gold Corporation (NASDAQ:PGLC) had a decrease of 9.08% in short interest. The insider now holds 1,859 shares of Harley-Davidson, Inc.

The options market is pricing in a daily post-earnings move of 10.1% for HOG, almost double its average after-earnings move of 5.2% over the past eight quarters. Company insiders own 0.70% of the company's stock.

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