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.
Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Down in the future. Analysts mean target price for Spirit Airlines, Inc. Finally, Wedbush upped their target price on shares of Harley-Davidson from $53.00 to $55.00 and gave the company a neutral rating in a research report on Monday, April 3rd.
Stock is now moving with a positive distance from the 200 day simple moving average of approximately 7.27%, and has a solid year to date (YTD) performance of 2.47% which means the stock is constantly adding to its value from the previous fiscal year end price.
Session activity on Harley-Davidson, Inc.(NYSE:HOG) stock is placing it on today's most active list.
Best time to invest in stock market is when things are on odd side, and it's not easy how to pick stocks. Harley-Davidson has a 52-week low of $41.63 and a 52-week high of $63.40. After a recent look, shares have been seen 7.47% from the 200-day moving average, and 0.71% from the 50-day moving average. This is an increase of 482% compared to the typical daily volume of 840 put options.
Shares of Harley-Davidson Inc (NYSE:HOG) opened at 59.70 on Friday. For the last period, the company reported quarter over quarter EPS growth of 19.70% and quarter over quarter sales growth of -5.90%. The company had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.35 billion.
First-quarter profit per share fell 23 percent to $1.05, topping analysts' average estimate for $1.02, and the company reiterated its full-year forecasts for operating and gross margins to be in line with last year's results. During the same period in the previous year, the company posted $1.36 EPS. 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. If you are reading this news story on another website, it was illegally stolen and republished in violation of USA and worldwide copyright and trademark law.
Harley-Davidson now has a Zacks Rank #3 (Hold). Insiders own 0.99% of the company's stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The stock was sold at an average price of $56.88, for a total transaction of $5,688,000.00. The shares were sold at an average price of $57.00, for a total value of $51,927.00. The disclosure for this sale can be found here. 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. Despite a 4% reduction in share count (thanks to stock buybacks) earnings per share fell to $1.05, from the year-ago $1.36.
"We recently announced our plan to build the next generation of Harley-Davidson riders globally". Shares of Harley-Davidson have fallen 4.6% in the past month, compared to the S&P 500's loss of 1.2%.
Depending on the earnings numbers reported, Harley-Davidson, Inc. Finally, Fulton Bank N.A. boosted its stake in shares of Harley-Davidson by 0.4% in the first quarter. Earnings per share serves as an indicator of a company's profitability.