Polaris Industries Inc. (NYSE:PII) – KeyCorp lifted their FY2017 EPS estimates for Polaris Industries in a research report issued to clients and investors on Tuesday, Zacks Investment Research reports. KeyCorp analyst B. Andress now anticipates that the company will earn $4.85 per share for the year, up from their previous estimate of $4.55. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Polaris Industries’ Q4 2017 earnings at $1.48 EPS.
Polaris Industries (NYSE:PII) last issued its earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.24. Polaris Industries had a net margin of 3.90% and a return on equity of 33.81%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the business posted $0.50 earnings per share. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year.
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PII has been the topic of several other reports. BidaskClub lowered shares of Polaris Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. TheStreet raised shares of Polaris Industries from a “c” rating to a “b-” rating in a research note on Thursday, July 20th. Zacks Investment Research downgraded shares of Polaris Industries from a “buy” rating to a “hold” rating in a research note on Saturday, July 29th. B. Riley set a $91.00 price objective on shares of Polaris Industries and gave the company a “hold” rating in a research note on Monday, October 23rd. Finally, Northcoast Research reissued a “neutral” rating on shares of Polaris Industries in a research note on Friday, October 6th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $99.27.
Shares of Polaris Industries (NYSE PII) traded up $2.77 on Thursday, reaching $119.36. 573,400 shares of the company’s stock traded hands, compared to its average volume of 823,477. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 1.00. Polaris Industries has a one year low of $77.91 and a one year high of $126.85. The firm has a market capitalization of $7,291.80, a price-to-earnings ratio of 25.62, a P/E/G ratio of 1.60 and a beta of 1.39.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.94%. The ex-dividend date is Thursday, November 30th. Polaris Industries’s dividend payout ratio is currently 73.19%.
In other Polaris Industries news, CEO Scott W. Wine purchased 1,293 shares of Polaris Industries stock in a transaction dated Friday, August 18th. The shares were bought at an average cost of $88.81 per share, for a total transaction of $114,831.33. Following the transaction, the chief executive officer now owns 317,000 shares in the company, valued at approximately $28,152,770. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director George W. Bilicic purchased 2,833 shares of Polaris Industries stock in a transaction dated Friday, August 25th. The stock was acquired at an average price of $95.18 per share, for a total transaction of $269,644.94. Following the completion of the transaction, the director now owns 2,833 shares in the company, valued at approximately $269,644.94. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 4,276 shares of company stock valued at $396,394 and have sold 41,852 shares valued at $4,930,631. 2.20% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of PII. OppenheimerFunds Inc. lifted its position in Polaris Industries by 7.5% in the 1st quarter. OppenheimerFunds Inc. now owns 12,383 shares of the company’s stock valued at $1,038,000 after purchasing an additional 864 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Polaris Industries during the 1st quarter worth about $451,000. Teachers Advisors LLC raised its position in shares of Polaris Industries by 7.2% during the 1st quarter. Teachers Advisors LLC now owns 57,930 shares of the company’s stock worth $4,855,000 after buying an additional 3,902 shares in the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in shares of Polaris Industries during the 1st quarter worth about $213,000. Finally, Marshall Wace North America L.P. bought a new stake in shares of Polaris Industries during the 1st quarter worth about $213,000. Hedge funds and other institutional investors own 94.75% of the company’s stock.
About Polaris Industries
Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include Off-Road Vehicles (ORV), including All-Terrain Vehicles (ATV) and side-by-side vehicles for recreational and utility use; Snowmobiles, Motorcycles and Global Adjacent Markets vehicles, including Work and Transportation and military vehicles.
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