|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||41.50 - 41.96|
|52-week range||39.34 - 56.50|
|PE ratio (TTM)||13.93|
|Earnings date||24 Jul 2018|
|Forward dividend & yield||1.48 (3.41%)|
|1y target est||45.45|
Previously, we looked at Harley-Davidson’s (HOG) valuation multiples, which are higher than those of Japanese motorcycle and car manufacturer Honda (HMC). Like valuation multiples, technicals can guide investors’ investment decisions.
As of July 17, Harley-Davidson’s forward EV1-to-EBITDA multiple was 12.3x, significantly higher than Japanese auto giant Honda’s (HMC) 5.8x. Similarly, Harley-Davidson’s forward PE multiple was 12.2x, also much higher than Honda’s PE multiple of 8.8x.
So far in this series, we’ve covered analysts’ estimates for Harley-Davidson’s (HOG) Q2 2018 results. Overall, analysts expect its revenue, gross profit margin, and earnings to be weak due to sales challenges and lower profitability. Let’s review what to watch for in HOG’s Q2 2018 results.
Previously, we looked at analysts’ expectations for Harley-Davidson’s (HOG) revenue. Let’s now explore analysts’ margin estimates for Harley-Davidson in Q2 2018.
In the first quarter, Harley-Davidson’s (HOG) revenue fell 2.7% YoY (year-over-year) to ~$1.36 billion from ~$1.32 billion, beating analysts’ estimate of $1.23 billion. Despite weak US market retail sales, 7.3% YoY growth in touring motorcycle shipments and Harley-Davidson’s product mix boosted its revenue in the first quarter. Let’s look at analysts’ estimates for the company’s Q2 2018 revenue.
Previously, we discussed how Harley-Davidson (HOG) has continued to underperform auto stocks (XLY) Tesla (TSLA), Ferrari (RACE), and General Motors (GM). Despite softening US car sales, stronger demand for pickup trucks and utility vehicles continued to benefit mainstream automakers in Q1 2018. In contrast, Harley-Davidson’s struggle to boost sales in its home market is expected to continue in the near term.
Harley-Davidson (HOG), one of the world’s most popular heavyweight motorcycle brands, is slated to release its Q2 2018 results on July 24. Before we look at expectations for its upcoming earnings, let’s review how Harley-Davidson stock performed in the first half of the year.
The U.S. Export-Import Bank has lacked a board quorum since July 2015, crippling its mission to help finance American companies selling goods and services overseas. That's causing U.S. companies large and small to forfeit sales to foreign competitors and lose out on job creation here at home, writes former EXIM Chairman and President Fred P. Hochberg.
Motorcycle pioneer Harley-Davidson (HOG) is slated to release its second-quarter earnings on July 24. In comparison, auto stocks (FXD) Honda (HMC), Ford (F), and General Motors (GM) have fallen 14.9%, 10.4%, and 4.1% YTD, respectively. According to the latest data compiled by Reuters, 68.0% of analysts covering Harley-Davidson stock gave it “hold” ratings.
Harley-Davidson is front and center in President Trump's trade war, but this isn't the first time a president has played a hand in its business. The brand is a symbol for the U.S. Here's how big the company really is.
For Thailand’s military junta, the affirmation is coming from Beijing, bankers and the likes of Harley-Davidson Inc. Harley’s decision to build a new Thai factory to supply Southeast Asia should be reassuring to Prime Minister Prayuth Chan-Ocha. The former army chief, who ousted a civilian government in a 2014 coup, has a $51 billion, five-year plan to mold the country’s eastern seaboard — already a large manufacturing hub — into an industrial powerhouse.
Treasury Secretary Steven Mnuchin cast doubt Thursday over Harley-Davidson's claim that new tariffs are forcing the company to shift jobs overseas.
President Donald Trump reached out to Harley-Davidson Inc. after it said it would move some production overseas as a result of retaliatory tariffs from the European Union, Treasury Secretary Steven Mnuchin said in a hearing before the House Financial Services Committee. Mnuchin, when questioned by Democratic Representative Maxine Waters, said his “sense” was that Harley-Davidson planned to move some production overseas prior to the tariff announcement, but he hasn’t spoken to the company directly. Waters asked whether the president had requested that the motorcycle company keep jobs in the U.S., and whether they had turned him down.
Its Indian FTR750 motorcycle has become unbeatable on the flat-track circuit, which could make it a hit on the sales floor too.
Many American businesses are already facing disruptions in sales and supply chains as the trade war is setting in. Some main industries and companies to take note of are Harley-Davidson (HOG), the U.S. soybean business, and German motor companies.
Tesla Inc Chief Executive Officer Elon Musk on Tuesday landed a deal with Chinese authorities to build a new auto plant in Shanghai, its first factory outside the United States, that would double the size of the electric car maker's global manufacturing. The deal was announced as Tesla raised prices on U.S.-made vehicles it sells in China to offset the cost of new tariffs imposed by the Chinese government in retaliation for U.S. President Donald Trump's heavier duties on Chinese goods.
Jul.12 -- Treasury Secretary Steven Mnuchin says President Trump asked Harley-Davidson not to move some production jobs overseas. He answered a question from Rep. Maxine Waters during a hearing.
Jul.11 -- Deirdre Latour, former chief communications officer at General Electric, examines how companies are reacting to the trade rhetoric from President Donald Trump. She speaks on "Bloomberg Daybreak: Americas."