|Bid||31.50 x 3200|
|Ask||32.10 x 3200|
|Day's range||31.58 - 32.29|
|52-week range||31.49 - 46.76|
|Beta (3Y Monthly)||1.68|
|PE ratio (TTM)||N/A|
|Earnings date||31 Oct 2018|
|Forward dividend & yield||1.52 (4.70%)|
|1y target est||44.42|
In the second quarter, Harley-Davidson’s (HOG) total revenue from all segments fell 2.9% YoY (year-over-year) to $1.71 billion. That included a ~4% YoY decline in revenue for its motorcycle segment to $1.2 billion. In the second quarter, its global motorcycle shipments fell 11.3% to 72,593 units compared to 81,807 units shipped in the second quarter of 2017.
In the previous part of this series, we saw that Harley-Davidson (HOG) stock is underperforming the broader market in the fourth quarter. Year-to-date, Ford (F) and General Motors (GM) have fallen 28.7% and 21.1%, respectively while Ferrari (RACE) has risen 16.1%. In the second quarter, Harley-Davidson reported adjusted EPS of $1.45.
On October 17, Tesla (TSLA) revealed in an SEC filing that its CEO, Elon Musk, is preparing to purchase $20 million worth of Tesla stock. This is the third time Musk is buying Tesla common stock in 2018 so far.
Harley-Davidson (HOG) is expected to release its third-quarter earnings on October 23. It’s one of the most popular heavyweight motorcycle brands in the world. Before we find out what investors could expect from its upcoming earnings, let’s see how Harley-Davidson stock is trading before its third-quarter earnings release.
Which Auto Stocks Look Attractive amid the Market Sell-Off? In 2018 so far, Harley-Davidson (HOG) has lost about 19.6% as of October 11. In comparison, auto stocks (FXD) Honda (HMC), Ford (F), and General Motors (GM) have fallen 9.8%, 4.8%, and 4.0% month-to-date, respectively.
On October 11, Ferrari stock (RACE) has lost ~15.6% on a month-to-date basis. Among its peers (XLY), Tesla (TSLA) rose about 45.7% in 2017 while General Motors (GM) and Ford (F) saw 17.7% and 3.0% gains, respectively. According to recent data by Thomson Reuters, 45.0% of the 11 analysts covering Ferrari stock gave it “buy” recommendations.
Today, investors’ worries about the pending approval of the settlement between Tesla (TSLA) CEO Elon Musk and the SEC came to an end. The federal court’s judge “approved the settlement between” the SEC and Musk, Reuters reported. After the news of the approval, Tesla stock surged nearly 5%.
According to Thomson Reuters’ October 11 survey, about 55.0% of the 22 analysts covering Toyota recommended a “buy.” The remaining 45.0% of these analysts were cautious and suggested a “hold.” There were no “sell” recommendations.
F-Series, one of the best-sellers in Ford's (F) truck segment, might drive its third-quarter earnings. However, recalls and rise in costs create headwinds.
According to the data compiled by Reuters on October 11, about 29.0% of 28 analysts covering Tesla (TSLA) gave its stock a “buy” recommendation. Another 36.0% recommended a “hold,” and the remaining 36.0% of analysts covering TSLA suggested a “sell” for its stock.
Fiat Chrysler (FCAU) has lost 7.7% month-to-date as of October 11. In 2017, Fiat Chrysler stock impressed investors by yielding the highest return among auto stocks (FXD), an impressive positive return of 96.4%.
In the previous part, we looked at analysts’ views on Ford Motor Company (F). The company’s F-Series pickup trucks have been America’s best-selling trucks for over four decades. Despite its increasing focus on electric vehicles (XLY) and autonomous vehicles, Ford stock has underperformed its peers in 2018 so far.
According to Reuters, ~19.0% of the 21 analysts covering Ford Motor Company (F) stock gave it a “buy” recommendation on October 11. About 71.0% of these analysts recommended a “hold” on the company’s stock, and the remaining 10.0% of these analysts suggested a “sell.”
According to recent data compiled by MarkLines Data Center, September US auto sales (IYK) stood at 1.43 million vehicle units. This was ~6.0% lower than the ~1.52 million vehicle units sold in September 2017. September’s total US vehicle sales figures were also lower than the 1.48 million vehicle units sold in August.
The Nasdaq led a rebound in stocks today, but small caps refused join the upside. Ford Motor, GM and two more large cap stocks hit new lows.
If all you heard about EVs was Tesla's drama, you might think the industry was doomed. Far from it! Investors won’t want to miss these solid, promising opportunities.
BEIJING (AP) — China's auto sales plunged 12 percent in September, adding to economic challenges for the country's leaders amid a worsening tariff fight with Washington.
Honda (HMC) partners with General Motors (GM) to pursue the common goal of developing self-driving vehicles. Ford (F) to downsize its workforce to reorganize business.
October started on a negative note for the broader market. On October 10, the S&P 500 benchmark registered losses for the fifth consecutive session. As of October 10, the S&P 500 Index (SPY) has fallen 4.4% so far in October. Similarly, the Dow Jones Industrial Average (DIA) has fallen 3.2%, while the NASDAQ Composite Index (QQQ) has fallen ~7.6% in October.