Press coverage about Polaris Industries (NYSE:PII) has been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Polaris Industries earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.5518862017422 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
Shares of Polaris Industries (NYSE PII) traded up $0.47 on Friday, reaching $130.03. 352,750 shares of the company’s stock were exchanged, compared to its average volume of 687,431. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.34 and a current ratio of 1.04. Polaris Industries has a 1 year low of $77.91 and a 1 year high of $134.66. The company has a market capitalization of $8,130.00, a price-to-earnings ratio of 40.89, a P/E/G ratio of 1.53 and a beta of 1.40.
Polaris Industries (NYSE:PII) last announced its quarterly earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.24. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.40 billion. Polaris Industries had a net margin of 3.90% and a return on equity of 33.81%. The business’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 earnings per share. research analysts forecast that Polaris Industries will post 4.85 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Thursday, November 30th. Polaris Industries’s dividend payout ratio is presently 72.96%.
Several research firms have weighed in on PII. Wedbush raised their price objective on shares of Polaris Industries from $112.00 to $119.00 and gave the company a “neutral” rating in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a research report on Friday, September 29th. Royal Bank of Canada reiterated a “sell” rating and set a $80.00 price target on shares of Polaris Industries in a research report on Tuesday, October 3rd. BMO Capital Markets cut shares of Polaris Industries from an “outperform” rating to a “market perform” rating and set a $115.00 price target for the company. in a research report on Wednesday, October 25th. Finally, B. Riley set a $91.00 price objective on shares of Polaris Industries and gave the stock a “hold” rating in a research note on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $102.20.
In other news, insider Stephen L. Eastman sold 1,500 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $127.72, for a total value of $191,580.00. Following the sale, the insider now owns 8,846 shares of the company’s stock, valued at $1,129,811.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP James P. Williams sold 20,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $127.08, for a total transaction of $2,541,600.00. Following the transaction, the senior vice president now owns 22,664 shares in the company, valued at $2,880,141.12. The disclosure for this sale can be found here. In the last three months, insiders sold 58,102 shares of company stock worth $7,174,301. 2.20% of the stock is currently owned by insiders.
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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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