Harley-Davidson (HOG) Tops Q1 EPS by 6c; Offers Q2 Outlook

Harley-Davidson (NYSE: HOG) reported Q1 EPS of $1.36, $0.06 better than the analyst estimate of $1.30. Revenue for the quarter came in at $1.75 billion versus the consensus estimate of $1.5 billion.

Harley-Davidson continues to expect it will ship 269,000 to 274,000 motorcycles in 2016, an approximate 1 to 3 percent increase from 2015. In the second quarter of 2016, the company expects to ship 82,500 to 87,500 motorcycles compared to 85,172 motorcycles shipped in the year-ago period. The company continues to expect full-year 2016 operating margin of approximately 16 to 17 percent for the Motorcycles segment. The company continues to expect 2016 capital expenditures for Harley-Davidson, Inc. of $255 million to $275 million.

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