|Bid||40.20 x 200|
|Ask||41.89 x 200|
|Day's range||40.95 - 41.31|
|52-week range||40.53 - 58.35|
|PE ratio (TTM)||13.59|
|Earnings date||24 Apr 2018|
|Forward dividend & yield||1.48 (3.51%)|
|1y target est||49.43|
Stiff competition might hamper Harley-Davidson's (HOG) Q1 results. However, long-term investments and increasing international reach are likely to drive sales.
On April 17, 2018, Ford (F) stock was trading at $11.38. Since posting a 52-week low of $10.14 on March 2, 2018, the company’s stock has recovered ~12.2%. Ford stock stayed below a downward sloping trendline for two years until September 2017, when it violated the trendline, reflecting a gradual positive shift. Let’s look at some key support and resistance areas in Ford stock ahead of its 1Q18 earnings event.
In the previous part of this series, we looked at Harley-Davidson’s (HOG) valuation multiples, which were trading higher than Japanese motorcycle and car manufacturer Honda (HMC). While valuation multiples can help investors make better investment decisions, it’s also important to be aware of key technical levels to refine the entry and exit from a stock. As of April 16, 2018, Harley-Davidson stock was trading at $42.04.
Deteriorating trade ties between the United States and China could mean American imports, including Harley-Davidson motorcycles, could be much more expensive in the future as the two countries trade tit-for-tat tax hikes on each other's goods. If prices rise, Guo said he wouldn't contemplate buying another Harley.
Deteriorating trade ties between the United States and China could mean American imports, including Harley-Davidson motorcycles, could be much more expensive in the future as the two countries trade tit-for-tat tax hikes on each other's goods. If prices rise, Gao said he wouldn't contemplate buying another Harley.
As of April 16, 2018, Harley-Davidson’s forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple was 12.4x. The forward multiple was based on its estimated EBITDA for the next 12 months.
Now let’s look at what could be some key highlights of HOG’s 1Q18 earnings event. In February 2018, Harley-Davidson’s management guided that its international retail sales are likely to grow in 2018. Last year, HOG’s management revealed a plan to expand the company’s dealer network in international markets.
In the previous part of this series, we saw that analysts are expecting Harley-Davidson’s (HOG) first-quarter revenues to decrease. Now let’s look at analysts’ estimates for Harley-Davidson’s margins for 1Q18. In 2017, Harley-Davidson’s gross profits from its motorcycle and related products segment were $1.7 billion.
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. Its revenues were slightly better than analysts’ estimate of $1.01 billion. Despite weak international and US market retail sales, an 11.3% YoY (year-over-year) positive growth in motorcycle shipments had a positive impact on HOG’s revenues in the fourth quarter of 2017.
In the previous part of this series, we saw that Harley-Davidson (HOG) underperformed most auto stocks (XLY), including Fiat Chrysler (FCAU), Ferrari (RACE), and Honda (HMC), in 2018. Despite softening US car sales, a stronger demand for pickup trucks and sport utility vehicles continued to benefit mainstream automakers in 1Q18. In contrast, Harley-Davidson’s struggle to boost sales in its home market is expected to continue in 2018.
Harley-Davidson (HOG) is set to release its 1Q18 earnings on April 24, 2018. Before we find out what investors could expect from its upcoming earnings, let’s see how Harley-Davidson stock has performed in the first quarter of 2018. Harley-Davidson’s weak profit margins and management’s dismal 2018 outlook could be two key reasons for the stock remaining negative in 1Q18.
According to Reuters, of the analysts covering Harley-Davidson (HOG) stock, most (71%) have recommended “hold.” Approximately 24% have recommended “buy” and 5% have maintained a bearish view, recommending “sell.” On April 11, analysts’ target price for Harley-Davidson was $49.71 for the next 12 months, reflecting an 18.2% upside potential based on its market price of $42.05. Analysts’ target price for HOG stock has fallen over the last three months, from $51.86.
The little-known Swedish brand Husqvarna Motorcycles releases three new street bikes. But you better get one quick. The new line, released this month, is already oversold in North America.
Young millennials are less likely to buy motorcycles than their elders were at this age, posing a problem for manufacturers like Harley-Davidson.
“Like Uber…but for Harleys.” That’s what motorcycle makers like Harley-Davidson (HOG) might need to kindle millennial interest in motorcycles as they struggle with student debt and move through life stages—that typically contribute to bike purchases—later, according to a Friday report from Bernstein Research. In the report, Bernstein’s analysts suggested five reasons millennials are buying, and are likely to continue buying, fewer motorcycles. “The difference between $15K and $26K of student debt is $130/month, which is equivalent to a monthly loan payment on a ~$8,000 bike,” the analysts wrote.
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%. The company’s stock fell ~5.5% in March against a 2.7% drop seen in the S&P 500 Index.
In the week ended April 6, Tesla stock (TSLA) turned positive after trading on a negative note for the previous five consecutive weeks. In the first week of April 2018, the company’s stock rose 12.5% against a 1.4% drop seen in the S&P 500 Index. In the previous week, TSLA stock dropped 11.7%.
In 1Q18, Tesla (TSLA) stock remained under pressure and lost about 14.5% after delivering impressive 45.7% returns in 2017. Tesla also posted its record high of $389.61 in September 2017, but the stock turned negative thereafter primarily due to its weaker-than-expected Model 3 production ramp-up. Now, let’s take a look at how investors reacted to Tesla’s 1Q18 deliveries and production figures.
Pioneer American motorcycle manufacturer Harley-Davidson (HOG) disappointed investors in 2017, and its stock witnessed a 12.8% drop. This Wall Street performance was worse than those of other auto industry players’ (IYK) stocks. Last year, General Motors (GM), Ford (F), and Honda (HMC) rose 17.7%, 3.0%, and 16.8%, respectively.
03/23/2018 Webcast Conference Call Scheduled for 8 a.m. CDT MILWAUKEE, March 23, 2018 - Harley-Davidson, Inc. (NYSE:HOG) will release its first quarter 2018 financial results before market hours on Tuesday, ...
More than 275 components in the broad index were down at least 10 percent from their 52-week highs as of 11:04 a.m. ET.
In the week that ended on March 16, 2018, Harley-Davidson (HOG) stock traded on a negative note. During the same period, key US automakers (IYK) General Motors (GM) and Ford Motor Company (F) have fallen 7.4% and 9.7%, respectively, while Fiat Chrysler Automobiles (FCAU) has risen 18.2%. Let’s find out what factors could be fueling pessimism in Harley-Davidson stock in 1Q18.