Harley-Davidson Sales, Earnings Drop Again in First Quarter

  • Harley-Davidson Sales, Earnings Drop Again in First Quarter

Harley-Davidson Sales, Earnings Drop Again in First Quarter

Harley-Davidson Inc (NYSE:HOG) early Tuesday posted mixed first quarter earnings results and offered a tepid shipment forecast for the second quarter, sending its shares plunging in premarket trading. In last year's first quarter, the motorcycle manufacturer reported $1.36 per share in earnings and $1.58 billion in revenue.

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 posted earnings of $1.05 per share on $1.33 billion in sales, compared to the Wall Street consensus estimates of $1.02 per share and $1.37 billion.

Based on the lastest quarterly filings, institutions continue to be large stakeholders in Harley-Davidson, Inc.

Revenue from motorcycles and related products decreased 16% to US$1.33bn from US$1.57bn. NN Investment Partners Holdings N.V. now owns 3,045 shares of the company's stock valued at $178,000 after buying an additional 1,853 shares during the last quarter.

Harley-Davidson raked in earnings of $1.05 per share that surpassed the Zacks Consensus Estimate of 99 cents. Tigress Financial reissued a "buy" rating on shares of Harley-Davidson in a research note on Friday, March 17th. The stock has a 50 day moving average of $60.15 and a 200 day moving average of $58.06.

"We believe the United States industry continues to be adversely affected by soft used bike prices and weakness in the oil-dependent areas and we continue to expect the industry will remain soft for the full year", Harley's Chief Financial Officer John Olin said on a post-earnings conference call. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have issued a buy rating to the company's stock.

Session activity on Harley-Davidson, Inc.(NYSE:HOG) stock is placing it on today's most active list. Goldman Sachs Group Inc reaffirmed a "neutral" rating and set a $57.00 target price on shares of Harley-Davidson in a research report on Monday, December 19th. The stock has a market cap of $9.93 billion, a P/E ratio of 14.85 and a beta of 0.88. Retail motorcycle sales fell 4.2% year over year globally, while USA retail motorcycle sales fell 5.7% year over year, which the company said was in line with the industry.

Currently, the market capitalization of Harley-Davidson, Inc. The stock has earnings growth of 19.70% yoy and showed a high EPS growth of 10.40% over the past five years. Gulf International Bank UK Ltd now owns 56,619 shares of the company's stock worth $3,425,000 after buying an additional 800 shares during the last quarter. Following the sale, the director now directly owns 5,523 shares of the company's stock, valued at approximately $314,148.24.