Fitch Affirms Ratings, Outlook on Harley-Davidson (HOG) Following Recent Q1 Results, Outlook

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Harley-Davidson (HOG) Levers For The Multiple - Morgan Stanley

April 21, 2016 12:43 PM EDT

An Harley-Davidson (NYSE: HOG) earnings beat in 1Q did not seem to be enough to calm investor concerns over weak U.S. retail sales. HOG's near-term multiple and share price will largely be dictated by 3 factors outside of the co's control: FX, housing and oil, Morgan Stanley analyst Adam Joneas notes. No change to Overweight rating or $54 PT.

Although 1Q earnings beat expectations, the recent share performance suggests investors remain skeptical. Weak U.S. retail sales (-0.5% y/y in 1Q) and higher credit losses and delinquencies impacting HDFS op. income overshadowed better-than-expected operating... More

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

April 19, 2016 6:56 AM EDT

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... More