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News Breaks
January 28, 2013
12:28 EDTHOGEarnings Preview: Harley-Davidson pulls back ahead of Q4 earnings
Harley-Davidson (HOG) is scheduled to report Q4 before the market open on Tuesday, January 29, with a conference call scheduled for 9:00 am ET. Harley-Davidson is a motorcycle manufacturer that produces heavyweight motorcycles and a complete line of motorcycle parts, accessories and general merchandise... EXPECTATIONS: Analysts are looking for EPS of 32c on revenue of $976.71M, according to First Call. The consensus range for EPS is 25c-42c on revenue of $911.72M-$1.01B... LAST QUARTER: Harley-Davidson reported Q3 EPS of 59c against estimates for 58c on revenue of $1.09B against estimates for $1.12B. The company said it planned to ship 245,000-250,000 motorcycles in 2012 and 44,500-49,500 motorcycles in Q4, consistent with previously announced plans to lower shipments in Q4 related to the implementation of surge production at York in 1H13. On its Q3 earnings conference call, Harley said it was "largely finished" with manufacturing restructuring. The company also forecast downward pressure on gross margins over the next few quarters as a result of the devaluation it is experiencing in most key currencies. Harley said it expected retail credit losses to increase over time... STREET RESEARCH: Citigroup said its Harley-Davidson dealer channel checks indicate the company's Q4 U.S. retail sales rose 6%-8%. Citi said dealer inventories likely increased slightly given better availability. RBC Capital believes that Harley-Davidson's retail sales are likely beating Street expectations. However, the firm added that the better than expected sales likely won't "move the needle" because Q4 is a seasonally small quarter... PRICE ACTION: Over the last three months, Harley-Davidson shares have advanced over 15%. Year-to-date, shares are up over 9%. Today, however, shares are down over 1%.
News For HOG From The Last 14 Days
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November 14, 2014
11:45 EDTHOGHarley-Davidson advances after Goldman ups rating to Buy
Shares of Harley-Davidson are climbing after Goldman Sachs upgraded the stock to Buy from Neutral in a note to investors today. The company's comparative U.S. retail sales growth accelerated last month, the firm reported. WHAT'S NEW: After conducting channel checks, Goldman analyst Patrick Archambault wrote that the motorcycle maker's U.S. sales growth for October came in above the 3.4% increase the company reported for the third quarter. The accelerating comparative sales were driven by easier comparisons and the company's new products, according to Archambault. He expects the company's momentum to continue into next year and is upbeat on the stock's longer term outlook. The analyst set an $81 price target on the shares. PRICE ACTION: In late morning trading, Harley-Davidson gained 1% to $68.50.
10:00 EDTHOGOn The Fly: Analyst Upgrade Summary
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05:26 EDTHOGHarley-Davidson upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded Harley-Davidson to Buy after its channel checks indicated U.S. retail sales accelerated in October. Goldman expects new products to drive improved revenue growth and upped its price target for shares to $81 from $66. Shares of the motorcycle maker closed yesterday up 54c to $67.65.

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