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Harley-Davidson not riding too much higher according to analyst

Posted Jul 13th 2009 4:30PM by Steven Mallas (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Harley-Davidson (HOG)

According to recent analyst opinion, Harley-Davidson (NYSE: HOG) is a business you should be wary of buying right now. This item reports on a reduction in the price target for the maker of the iconic motorcycle. Edward Aaron over at RBC Capital Markets thinks that earnings and demand won't be great for the company; he slashed his belief of what the shares are worth by $2 to $16 per share.

Harley-Davidson has certainly recovered from its 52-week low made back in March of this year. The stock bounced back from $7.99 to a price of $16.55 as of this writing.

Continue reading Harley-Davidson not riding too much higher according to analyst

Harley-Davidson (HOG) profit slips 26.3% in fourth-quarter

Posted Jan 25th 2008 12:29PM by Eliza Popescu (RSS feed)
Filed under: Earnings reports, Bad news, Management, Harley-Davidson (HOG)

The market continues to extend yesterday's rally, following an agreement by U.S. leaders to a stimulus plan to avoid a major slowdown in the country's economy, but motorcycle giant Harley-Davidson Inc. (NYSE: HOG) shares are in the red after posting a deep decline in its quarterly profit.

Harley-Davidson reported this morning a drop of 26.3% in its fourth-quarter profit, following weak motorcycles sales in the United States. The American market is its biggest and most important market.

Jim Ziemer, the company's chief executive, blames the "challenging" retail environment for the company's disappointing profit which fell to $186.1 million, or 78 cents per share. Harley-Davidson posted a net income of $252.4 million, or 97 cents per share in the same period a year ago. The results came in short of analyst estimates for a profit of 82 cents per share.

Continue reading Harley-Davidson (HOG) profit slips 26.3% in fourth-quarter

Harley Davidson is staying home

Posted Dec 4th 2006 11:50AM by Gary E. Sattler (RSS feed)
Filed under: Good news, Industry

Enterprise zone tax credits for Harley Davidson Motor Company (NYSE: HOG) in the amount of $4.5 million have been approved by the Wisconsin Department of Commerce. With the full involvement of Wisconsin state government and the United Steel Workers Union, this tax credit was arranged to confirm Harley Davidson's intent to invest some $300 million in the expansion of engine and transmission manufacturing in the state of Wisconsin. It is expected that this growth could create up to 200 new high paying manufacturing jobs and will assist in the retention of Harley's 4,100 existing employees in the state.

Harley Davidson was considering expanding outside of Wisconsin but left the door open to stay at Harley's home in Menomonee Falls. The company has always sought home-based solutions first. The administration of Governor Jim Doyle claims it was hard work to get Harley to accept the state tax credits but historically that has not been the pattern. All Harley Davidson has ever asked for is a level playing field.

I'll believe that it was hard work for Doyle to give it to them... when Hogs fly!

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Last updated: November 27, 2009: 11:31 AM

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