Notable Earnings: Harley-Davidson (HOG), Mellanox (MLNX), Under Armour (UA), MGIC Investment (MTG)

Harley-Davidson, Inc. (HOG) shares are down $3.87 to $57.90 in pre-market trading Tuesday after the company reported its first quarter earnings results.

The motorcycle maker reported earnings of $1.27 per share on revenues of $1.51 billion, down 3.9% from a year ago. Analysts were expecting EPS of $1.24 on revenues of $1.58 billion. For the current quarter, net income was $269.9 million, compared with net income of $265.9 million in the first quarter of 2014.

“While the first quarter had its share of headwinds, our business is strong and we remain clearly focused on executing Harley-Davidson’s strategy to be customer-led in everything we do, grow our reach among new customers in the U.S., grow internationally and continuously improve every aspect of our operations,” said in a statement Keith Wandell, Chairman, President and CEO of Harley-Davidson, Inc. “We continue to manage Harley-Davidson for long-term performance from a position of great strength.”

The $13.03 billion market cap company reported $1,168,724 in cash vs. $4.35 billion in debt in its most recent quarter.

HOG currently prints a one year loss of 5.71% and a year-to-date loss of around 6%.

The chart below shows where the equity has traded over the last 52 weeks.

Mellanox Technologies, Ltd. (MLNX) reported first quarter non-GAAP EPS of $0.60 before the opening bell Tuesday, compared to the consensus estimate of $0.48. Revenues increased 48.2% from last year to $146.7 million. Analysts expected revenues of $142.66 million. The semiconductor company said net income was $13.7 million, or $0.29 per share, compared with a loss of $4.8 million, or $0.10 per share, in the same period a year earlier.

“We are pleased with our financial results for the first quarter. The transition to 40 Gigabit Ethernet by some of our leading customers continued and contributed to our revenue growth. We see significant growth opportunities in the Ethernet market and are pleased that our revenue and market share have increased. Our InfiniBand solutions grew 46 percent over the first quarter of 2014. Today, we are the only company shipping full end-to-end 100 Gigabit solutions,” said in a statement Eyal Waldman, president and CEO of Mellanox Technologies.

For Q2/15, MLNX provided revenue guidance of $155 – $160 million, compared to the consensus revenue estimate of $149.20 million.

MLNX shares recently gained $2.02 to $49.32. The stock is up 28.60% year-over-year and has gained roughly 11% year-to-date. In the past 52 weeks, shares of Yokneam, Israel-based company have traded between a low of $30.58 and a high of $48.92.

Mellanox Technologies, Ltd. closed Monday at $47.30. The name has a total market cap of $2.16 billion.

Shares of Under Armour, Inc. (UA) are down $4.16 to $83.60 after the company released its earnings results on Tuesday. The apparel and footwear company reported Q1’15 EPS of $0.05 per share — compared with $0.06 per share in the prior year’s period — vs. $0.05 consensus on $804.9 million in revenue, up 25.4% from a year ago. Net income decreased 13% in the first quarter of 2015 to $12 million compared with $14 million in the prior year’s period.

For full-year 2015, UA provided revenue guidance of $3.78 billion, compared to the consensus revenue estimate of $3.82 billion.

On valuation measures, Under Armour Inc. Cl A shares, which currently have an average 3-month trading volume of 1.89 million shares, trade at a trailing-12 P/E of 92.38, a forward P/E of 60.94 and a P/E to growth ratio of 3.35. The median Wall Street price target on the name is $85.00 with a high target of $97.00. Currently ticker boasts 16 ‘Buy’ endorsements, compared to 15 ’Holds’ and 1 ‘Sell’.

Profitability-wise, UA has a t-12 profit and operating margin of 6.75% and 11.48%, respectively. The $18.77 billion market cap company reported $232 million in cash vs. $677 million in debt in its most recent quarter, a 345% increase yoy.

UA currently prints a one year return of about 66% and a year-to-date return of around 30%.

MGIC Investment Corp. (MTG) rallied $0.62, or 6%, to $10.97 in pre-market trading after it reported fiscal-first quarter earnings.

The mortgage insurance company handed in earnings of $0.32 per share on revenue of $270.20 million, beating Wall Street estimates of $0.23 per share on revenue of $243.78 million. For the quarter, net income was $133.1 million, or $0.32 per share, compared with net income of $60 million, or $0.15 per share in the first quarter of 2014.

Patrick Sinks, CEO of MTG and Mortgage Guaranty Insurance Corporation (“MGIC”), stated, “I am pleased to report that in the first quarter of 2015 the company continued to generate high quality new insurance which contributed to an increase in insurance in force.” Sinks added, “I am encouraged by the positive trends we continue to experience relative to new delinquent notices, paid claims, and the delinquent inventory.”

Profitability-wise, MTG has a t-12 profit and operating margin of 26.05% and 33.62%, respectively. The $3.51 billion market cap company reported $4.8 billion in cash in its most recent quarter.

MTG currently prints a one year return of 24.40% and a year-to-date return of 11.05%.

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