Published: Wed, April 19, 2017
Business | By Sandy Mccarthy

Harley-Davidson (HOG) Q1 Earnings Top Estimate, Revenue Miss

Harley-Davidson (HOG) Q1 Earnings Top Estimate, Revenue Miss

Harley-Davidson Inc (NYSE:HOG)'s stock had its "neutral" rating reaffirmed by equities researchers at Goldman Sachs Group Inc in a note issued to investors on Tuesday.

Bill Alpert, a senior editor at the financial magazine, Barron's, said the company's target demographic is aging, which is contributing to the declines. Harley-Davidson generated $159.9 million of cash from operating activities in the first quarter of 2017 compared to $41.1 million in the same period of 2016.

The US motorbike maker Harley-Davidson has reported sales declines in Europe, the Middle East and Africa (Emea) for the first quarter, mirroring falls nearly everywhere else.

Harley-Davidson, Inc. (NYSE:HOG) yearly performance is 31.41% and net profit margin is 11.50%. The business earned $1.11 billion during the quarter, compared to the consensus estimate of $972.47 million. 5,818,980 shares of the stock traded hands. On a discretionary basis, the company repurchased 1.2 million shares of its common stock during the first quarter of 2017 for $70.9 million. The FactSet consensus was for earnings of $1.02. Stratos Wealth Partners LTD. now owns 39,132 shares of the company's stock valued at $2,058,000 after buying an additional 665 shares during the last quarter. Shares are trading 1.15% above their 50-day moving average, and 7.98% below their 200-day moving average. Jefferies Group LLC restated a hold rating and set a $49.00 target price on shares of Harley-Davidson in a research report on Thursday, April 6th. Zacks Investment Research cut shares of Harley-Davidson from a "hold" rating to a "sell" rating in a research note on Wednesday, December 21st. Based on a 1 to 5 integer scale, analysts have a 2.80 recommendation on the name.

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Shares of Harley-Davidson slipped by as much as 4.04% to $57 in premarket trading this morning.

Sell These Stocks. Now. Also, Director Donald A. James sold 100,000 shares of Harley-Davidson stock in a transaction that occurred on Friday, February 10th.

(NYSE:HOG) stock may see increased volatility following the report. Buy rating has been given by 5 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 6 analysts given HOLD rating. Over the past twelve months, Harley-Davidson, Inc. Independent Franchise Partners LLP raised its position in shares of Harley-Davidson by 1.5% in the third quarter. Institutional investors own 89.54% of the company's stock. This is an increase over its cash dividend of 35 cents per share from the same time previous year. The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. World Asset Management Inc now owns 18,693 shares of the company's stock worth $983,000 after buying an additional 121 shares in the last quarter.

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