|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||40.70 - 43.12|
|52 Week Range||40.53 - 58.35|
|PE Ratio (TTM)||13.91|
|Earnings Date||Apr 16, 2018 - Apr 20, 2018|
|Forward Dividend & Yield||1.48 (3.47%)|
|1y Target Est||49.43|
Harley-Davidson Inc. shipped more motorcycles to customers outside the U.S. in its latest quarter, even as sales in its home market continued to decline. The Milwaukee-based company on Tuesday reported that U.S. retail motorcycle sales fell 12% while international sales increased 0.2%. Harley said it shipped 38,797 motorcycles in the U.S. in the quarter, a drop of 15% from the year before.
Harley-Davidson CEO Matthew Levatich talks to TheStreet about the company's first quarter and what's in store for the rest of 2018.
Harley-Davidson beat profit estimates Tuesday and hinted at major new growth initiatives to come, while Polaris Industries also beat but warned of significant commodity, freight and tariff headwinds.
The vague proclamation at the top of the company's press release Tuesday read "strategy enhancement and acceleration planned," referring to the company's desire to present earlier-than-expected ridership results, with the goal being "to deliver significant value" through 2022 as opposed to 2027.
Harley-Davidson Inc. CEO Matt Levatich said if President Donald Trump hadn't removed the U.S. from the Trans-Pacific Partnership (TPP), he wouldn't have to build a plant in Thailand.
Harley, which commands about half of the U.S. big-bike market, has seen its U.S. market share erode in the past few years as buyers opt for heavily discounted bikes from rivals. "A lot of investors were expecting a guidance (2018 shipments) to be lowered, that didn't happen," Northcoast Research analyst Seth Woolf said. To revive demand, Harley is spending aggressively on product development and marketing, including promoting its learn-to-ride academies at showrooms and developing electric motorcycle technology.
This is an improvement over its earnings per share of $1.05 from the first quarter of 2017. It is also a boon to HOG stock by coming in well above Wall Street’s earnings per share estimate of 88 cents for the period. During the first quarter of the year, Harley-Davidson Inc reported net income of $174.76 million.
America’s top heavyweight motorcycle company by market share, Harley-Davidson (HOG), released its 1Q18 earnings today before the market opened. The company’s adjusted EPS (earnings per share) stood at $1.03, down 1.9% from $1.05 in 1Q17. HOG beat analysts’ consensus estimates for its Q1 earnings of $0.90 per share. This earnings beat helped boost investors’ confidence, and the stock was trading with 2.4% gains for the session at 11:00 AM EST.
Harley-Davidson Inc.’s chief executive officer said he decided to build a plant in Thailand when it was clear the U.S. would abandon the Trans-Pacific Partnership, the free-trade agreement President Donald ...
Harley-Davidson Inc stood by its full-year shipments forecast and said it expects dealers to sell more motorcycles in overseas markets, offering a glimmer of hope to a business struggling with an aging customer base in the United States. Harley, which commands about half of the U.S. big-bike market, has seen its U.S. market share erode in the past few years as buyers opt for heavily discounted bikes from rivals. "A lot of investors were expecting a guidance (2018 shipments) to be lowered, that didn't happen," Northcoast Research analyst Seth Woolf said.
Harley-Davidson Inc. teased a tuned-up turnaround plan to cope with a deepening slump in demand for the American motorcycle maker’s bikes. Harley will refine its road map for recovery and reveal “significant additional steps” this summer to improve performance, the company said as it reported the steepest drop in quarterly U.S. retail sales in five years. “We are pleased to see management looking to potentially take more action and this turnaround is likely the focus of the stock now,” Joseph Spak, an analyst at RBC Capital Markets with a hold rating on the shares, wrote to clients Tuesday.
Harley-Davidson Inc. shares rose 2.2% in Tuesday premarket trading after the motorcycle company reported first-quarter earnings and sales that beat expectations. Global retail sales fell 7.2% with international sales up 0.2% and U.S. sales down 12%. Harley-Davidson continues to expect restructuring and consolidation costs associated with the consolidation of its Kansas City, Mo. manufacturing plant into its plant in York, Pa. to be $170 million to $200 million and capital investment of about $75 million through 2019.
Harley-Davidson Inc reported a 6.2 percent fall in quarterly profit on Tuesday as shipments fell. The Milwaukee, Wisconsin-based company said its net income fell to $174.8 million, or $1.03 per share, ...
MILWAUKEE , April 24, 2018 /PRNewswire/ -- Harley-Davidson, Inc. (NYSE:HOG) today reported first quarter 2018 results and confirmed its 2018 outlook. The company also announced it is accelerating its strategy ...
shares are all revved up this morning after the motorcycle maker delivered a better-than-forecast set of results and said it would soon reveal new steps to boost performance and shareholder value over the next five years. The Milwaukee-based manufacturer previously revealed a set of goals to be achieved by 2027, including plans to add 2m new Harley riders in the US (where sales have been declining), growing the international business to be 50 per cent of annual volume and launch new “high impact” motorcycles profitably and sustainably. Harley reported a 2.7 per cent year-on-year rise in revenue to $1.54bn in the first three months of 2018, which came in comfortably above the median estimate of $1.23bn in a survey of analysts by Thomson Reuters.
Harley-Davidson Inc (NYSE:HOG) announced that it is hiring eight college interns to ride its motorcycles for free. Interns will learn how to ride a motorcycle, and in collaboration with Harley-Davidson’s marketing team, they’ll also take part in creating content for the company’s social media accounts. Lower demand for Harley-Davidson’s products could be caused by younger generations losing interest in the brand, which has pushed the company to market its bikes more aggressively.
Stiff competition might hamper Harley-Davidson's (HOG) Q1 results. However, long-term investments and increasing international reach are likely to drive sales.
FBN's Stuart Varney on Harley-Davidson offering paid internships to ride on a motorcycle this summer and document it on social media.