Harley-Davidson Inc (HOG) Releases Earnings Results, Beats Expectations By $0.06 EPS

Harley-Davidson Inc (HOG) reported quarterly earnings results on Tuesday, Apr-19-2016. The company said it had a profit of $1.36 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $1.30. The company posted revenue of $1576.60 million in the period, compared to analysts expectations of $1499.25 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.27 EPS.

Many Wall Street Analysts have commented on Harley-Davidson Inc. Shares were Reiterated by Wedbush on Apr 13, 2016 to “Neutral” and Lowered the Price Target to $ 42 from a previous price target of $46 .Company shares were Reiterated by Wunderlich on Mar 30, 2016 to “Hold”, Firm has raised the Price Target to $ 52 from a previous price target of $44 .Sterne Agee CRT Initiated Harley-Davidson Inc on Mar 11, 2016 to “Neutral”, Price Target of the shares are set at $52.

Harley-Davidson Inc opened for trading at $46.29 and hit $47.33 on the upside on Monday, eventually ending the session at $46.95, with a gain of 1.12% or 0.52 points. The heightened volatility saw the trading volume jump to 36,11,588 shares. Company has a market cap of $8,640 M.

In a different news, on Feb 3, 2016, Lawrence G Hund (President-HDFS) sold 1,554 shares at $40.12 per share price. According to the SEC, on Aug 18, 2015, Mark Hans Richer (SVP, Chief Mktg Officer) sold 10,000 shares at $59.32 per share price. On Aug 17, 2015, George H Conrades (director) sold 3,873 shares at $59.42 per share price, according to the Form-4 filing with the securities and exchange commission.

Harley-Davidson Inc. is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) segment and the Financial Services segment. The Motorcycles segment consists of HDMC which designs manufactures and sells street-legal Harley-Davidson motorcycles as well as a line of motorcycle parts accessories general merchandise and related services. The Company’s products are sold to retail customers through a network of independent dealers. The Financial Services segment consists of HDFS which provides wholesale and retail financing and insurance and insurance-related programs to Harley-Davidson dealers and their retail customers. The Company conducts its business around the world including in North America Europe the Middle East and Africa (EMEA); Asia-Pacific and Latin America.

Harley-Davidson Inc

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