Harley-Davidson recalls 185,000+ motorcycles

Harley-Davidson’s revenue was down 10.0% compared to the same quarter a year ago. The higher price estimate target is at $73 according to the Analysts.

The third recall in three months, the company warns that more than 185,000 motorcycles in the U.S. are at an increased risk of crashing due to loose saddlebags. 269,368 shares of the company’s stock traded hands. If proof is needed, Clutch and Chrome presents the latest video from Harley-Davidson recapping their recent event, Swiss Harley Days which took place between July 3 and 5 in Lugano. The heightened volatility saw the trading volume jump to 4,753,275 shares. The company has a market cap of $12.21 billion and a price-to-earnings ratio of 15.75. (NYSE:HOG) according to the research report released by the firm to its investors. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Calaway Tonit M, Officer (VP, Human Resources) of Harley Davidson Inc, had unloaded 7,809 shares at an average price of $63.68 in a transaction dated on February 26, 2015. The actual EPS was 3.6% away from what analysts had expected, or a $0.05 difference.

Analysts on the Street are anticipating Harley-Davidson, Inc. will report earnings per share of $0.83 for the fiscal quarter ending on 2015-09-30. RBC Capital lowers the price target from $66 per share to $59 per share on Harley-Davidson, Inc.

Harley-Davidson, Inc.is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) segment and the Financial Services segment.

If you have a 2014 or 2015 Harley-Davidson motorcycle, there’s a good chance your bike is part of a nationwide safety recall issued for a long list 2014 and 2015 Harleys. The Company’s products are sold to retail customers through a network of independent dealers. The Company conducts business on a global basis, with sales in North America, Europe/Middle East/Africa (EMEA), Asia-Pacific and Latin America.