Close | Chg | Chg % | |
---|---|---|---|
$41.01 | -0.03 | -0.07% | -0.03 -0.07% |
5 Day |
|
1 Month |
|
3 Month |
|
YTD |
|
1 Year |
|
Harley-Davidson Inc. shares rose 2.2% in Tuesday premarket trading after the motorcycle company reported first-quarter earnings and sales that beat expectations. Net income totaled $174.8 million, or $1.03 per share, down from $186.4 million, or $1.05 last year. Adjusted EPS was $1.24. Revenue was $1.36 billion, up from $1.33 billion year-over-year. The FactSet consensus was for EPS of $1.01 and sales of $1.27 billion. 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. Annual cash savings is expected to be $65 million to $75 million after 2020. Harley-Davidson continues to expect motorcycle shipments of 231,000 to 236,000 for 2018, and expects to ship 67,500 to 72,500 in the second quarter. Harley-Davidson shares are down 19.4% for the year to date while the S&P 500 index is down 0.1% for the period.
Harley-Davidson's stock surges 3.1% premarket after Q1 results
Harley-Davidson sees Q2 motorcycle shipments 67,500-72,500
Harley-Davidson Q1 motorcycle revenue up 3.5% to $1.12 bln; FactSet consensus $1.03 bln
Harley-Davidson Q1 motorcycle shipments down 9.7% to 63,944
Harley-Davidson Q1 $1.36 bln vs. $1.33 bln; FactSet consensus $1.27 bln
Harley-Davidson Q1 FactSet EPS consensus $1.01
Harley-Davidson Q1 EPS ex. manufacturing optimization costs $1.24
Harley-Davidson Q1 EPS $1.03 vs. $1.05 a year ago
Harley-Davidson stock price target cut to $44 from $49 at Wedbush
Harley-Davidson Inc. said Thursday it made an equity investment in Alta Motor, which makes electric motorcycles and components, and that the companies will collaborate on electric motorcycle technology and product development. Financial terms were not disclosed. Harley-Davidson has previously announced plans to launch its first electric motorcycle, which is on track to be released in 2019. "We believe that EV is where global mobility is headed and holds great appeal for existing riders as well as opportunity to bring new riders into the sport," said Harley-Davidson Chief Executive Matt Levatich. "We intend to be the world leader in the electrification of motorcycles and, at the same time, remain true to our gas and oil roots by continuing to produce a broad portfolio of motorcycles that appeal to all types of riders around the world." The stock, which was indicated up about 1% in premarket trade, has shed 9.3% over the past three months while the S&P 500 has gained 2.7%.
Harley-Davidson takes equity stake in electric vehicle co. Alta Motors
Spending at U.S. retailers bounced back in March, but the broader trend shows only moderate consumer-spending growth despite a solid labor market and growing paychecks.
“Like Uber…but for Harleys.”
Videos of political candidates driving and gabbing have become a popular campaign gimmick, intended to show how they are just regular folks
The countries excluded from the steel and aluminum tariffs all made the case that their metal exports don’t impair U.S. national security, but each emphasized a different approach.
Business activity in the eurozone slowed for the second straight month in March, a fresh indication that the economy may be losing some of its momentum after a surprisingly strong 2017.
Things are looking up for Granite City, where U.S. Steel has decided to rekindle part of an idled steel mill that had seen about 1,500 workers laid off a few years ago.
Metalmakers including U.S. Steel and Century are making plans to restart idle mills and ramp up capacity to make up for imports that face being priced out of the market if President Trump’s proposed import tariffs take hold.
The European Union urged President Donald Trump to rethink his planned steel and aluminum tariffs, challenging U.S. national security claims and threatening to strike back unless the White House reverses course.
Today in Real Time Economics, the fallout from President Trump's steel and aluminum tariffs, White House intervention into tech takeovers and online sales tax, and Italy's political disarray.
Some U.S. trading partners are taking heart from suggestions President Donald Trump might leave wiggle room in his steel and aluminum tariffs, leading to a lobbying blitz for exemptions.
The European Union is preparing to hit back against President Donald Trump’s proposed tariffs on steel and aluminum, sending a message that the bloc has the authority and experience to fight protectionism from Washington.
The threat of a global trade war spurred turmoil in financial markets around the world as investors scrambled to assess a potential disruption to a rare period of synchronized global growth.
Trump administration officials are pushing back against overseas officials opposed to planned steel and aluminum tariffs and U.S. executives who warn the move could undermine a strengthening American economy.
President Trump’s announcement of punitive steel tariffs may raise U.S. prices short term, but in Europe they could have the opposite effect.
The president upped the ante in a brewing trade conflict stirred up by his announcement of steel and aluminum tariffs, saying the U.S. would impose tariffs on European car exports if the bloc follows through with retaliation against his metals duties.
A topsy-turvy week on Wall Street reaffirmed many traders’ hunch that stock-market volatility is back for the long haul, following an extended absence.
President Donald Trump’s planned tariffs on steel and aluminum put U.S. allies around the globe in a tough spot, rattling stock prices and generating warnings of a possible international trade war.
Today in Real Time Economics, Trump's new tariffs spark worries of a trade war, big votes are coming up in Germany and Italy, U.S. incomes get a boost from tax cuts, the White House leans toward a pragmatist for the Fed's No. 2 job, and Japan's jobless rate is the lowest in almost 25 years.
His tax on aluminum and steel will hurt the economy and his voters.
The German brand’s newest bike goes 0-30 in 2.8 seconds. Fast enough for you? Dan Neil takes it for a fun, freezing ride in Raleigh, N.C., on the coldest day of the year.
Harley-Davidson higher after positive international sales growth
Harley-Davidson to Hire 8 College Interns to Ride Motorcycles for Free
On April 17, 2018, Ford (F) stock was trading at $11.38.
As of April 16, 2018, Harley-Davidson stock was trading at $42.04. It has seen an 18.5% value erosion in the last three months.
As of April 16, 2018, Harley-Davidson’s forward EV-to-EBITDA multiple was 12.4x.
In February 2018, Harley-Davidson’s management guided that its international retail sales are likely to grow in 2018.
Analysts are estimating Harley-Davidson’s consolidated gross profit margin to contract to 33.7% in 1Q18 from 35.9% in 1Q17.
In the fourth quarter of 2017, Harley-Davidson’s (HOG) revenues were $1.04 billion, which was 12.2% higher than $933 million in 4Q16.
Analysts are expecting Harley-Davidson’s 1Q18 earnings to rise on a YoY basis.
Harley-Davidson (HOG) is set to release its 1Q18 earnings on April 24, 2018. The stock has traded with negative sentiments in 1Q18.
According to Reuters, of the analysts covering Harley-Davidson (HOG) stock, most (71%) have recommended “hold.”
Spending at U.S. retailers bounced back in March, but the broader trend shows only moderate consumer-spending growth despite a solid labor market and growing paychecks.
Harley-Davidson: Too Many Risks For Comfort
Harley Davidson - Waiting For A Potential Turnaround
During the week ended April 6, Harley-Davidson stock (HOG) traded on a negative note and ended the week at $42.19—a drop of about 1.6%.
Harley-Davidson Announces First Quarter Results
What's happening With These Recreational Vehicles Stocks? -- Harley-Davidson, Polaris Industries, REV Group, and Thor Industries
EU starts study into possible steel import limits
HARLEY-DAVIDSON, INC. TO REPORT FIRST QUARTER 2018 RESULTS ON APRIL 24, 2018
Harley-Davidson Honored for Research Contributions at 2018 MDA Clinical Conference
Harley-Davidson Invests In Alta Motors; Companies Will Collaborate On Future Electric Motorcycle Product Development
Recreational Vehicles Stocks' Research Reports Released on Harley-Davidson, Polaris Industries, Thor Industries, and Winnebago Industries
New Harley-Davidson Forty-Eight Special And Iron 1200 Sportsters Fuse Throw-Back Design With Modern Performance
Free Post Earnings Research Report: Harley-Davidson's Quarterly Revenues Advanced 11%
Factors of Influence in 2018, Key Indicators and Opportunity within Entercom Communications, News Corporation, Evolent Health, Harley-Davidson, Valvoline, and Kennedy-Wilson -- New Research Emphasizes Economic Growth
Harley-Davidson, Inc. Increases Dividend, Announces Additional Share Repurchase Authorization
Today's Research Reports on Trending Tickers: Harley-Davidson and Polaris Industries
Harley-Davidson Announces Fourth Quarter, Full-Year 2017 Results
Harley-Davidson, Inc. engages in the manufacture and sale of custom, cruiser and touring motorcycles. It operates through the Motorcycles and Related Products; and Financial Services segments. The Motorcycles and Related Products segment manufactures, designs, and sells at wholesale on-road Harley-Davidson motorcycles as well as motorcycle parts, accessories, general merchandise, and related services. The Financial Services segment comprises of financing and servicing wholesale inventory receivables and retail consumer loans, primarily for the purchase of Harley-Davidson motorcycles. The company was founded by William Sylvester Harley, Arthur Davidson, Walter C. Davidson, Sr. and William A. Davidson in 1903 and is headquartered in Milwaukee, WI. (See Full Profile)
Name | Chg % | Market Cap |
---|---|---|
Honda Motor Co. Ltd. ADR | $61.93B | |
Polaris Industries Inc. | $7.55B |