UBS Cuts Numbers on Harley-Davidson (HOG); Conference Call Stalls Shares...Reversal of Fortune
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Price: $55.44 -2.79%
Rating Summary:
9 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
9 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade HOG Now!
UBS maintains a 'Neutral' on Harley-Davidson (NYSE: HOG) price target of $45.00 (from $49.00).
Analyst, Robin M. Farley, made comments after HOG's conference call: "We believe reversal of reserves for Financial Services arm added $0.02-$0.03 to EPS, EPS that analytically belong to other quarters...For 2012, mix now expected to be slight benefit to gross margin vs. previous guidance of slight negative, but gross margin guidance unchanged because of currency impact. It sounds from management that the gap in used:new pricing may not be moving closer going forward, so whatever boost some may have expected in new units sales from the narrowing of that gap has already occurred."
FY12 EPS estimate lowered from $2.77 to $2.70, and FY13 from $3.31 to $3.24.
For an analyst ratings summary and ratings history on Harley-Davidson click here. For more ratings news on Harley-Davidson click here.
Shares of Harley-Davidson closed at $41.67 yesterday, with a 52 week range of $31.50-$54.32.
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Analyst, Robin M. Farley, made comments after HOG's conference call: "We believe reversal of reserves for Financial Services arm added $0.02-$0.03 to EPS, EPS that analytically belong to other quarters...For 2012, mix now expected to be slight benefit to gross margin vs. previous guidance of slight negative, but gross margin guidance unchanged because of currency impact. It sounds from management that the gap in used:new pricing may not be moving closer going forward, so whatever boost some may have expected in new units sales from the narrowing of that gap has already occurred."
FY12 EPS estimate lowered from $2.77 to $2.70, and FY13 from $3.31 to $3.24.
For an analyst ratings summary and ratings history on Harley-Davidson click here. For more ratings news on Harley-Davidson click here.
Shares of Harley-Davidson closed at $41.67 yesterday, with a 52 week range of $31.50-$54.32.
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