Polaris Industries (NYSE:PII) – Analysts at Wedbush boosted their Q1 2018 EPS estimates for shares of Polaris Industries in a research note issued on Wednesday, April 18th. Wedbush analyst J. Hardiman now expects that the company will post earnings per share of $0.95 for the quarter, up from their previous estimate of $0.90. Wedbush has a “Neutral” rating and a $119.00 price objective on the stock. Wedbush also issued estimates for Polaris Industries’ Q2 2018 earnings at $1.68 EPS, Q3 2018 earnings at $1.75 EPS, Q4 2018 earnings at $1.82 EPS, FY2018 earnings at $6.20 EPS and FY2019 earnings at $7.17 EPS.
Polaris Industries (NYSE:PII) last posted its earnings results on Tuesday, January 30th. The company reported $1.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.47. Polaris Industries had a return on equity of 35.38% and a net margin of 3.18%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the company earned $0.97 EPS. Polaris Industries’s revenue was up 17.5% on a year-over-year basis.
A number of other equities research analysts have also issued reports on PII. Stifel Nicolaus reaffirmed a “hold” rating and issued a $114.00 target price (up previously from $112.00) on shares of Polaris Industries in a research note on Friday, April 13th. Zacks Investment Research upgraded Polaris Industries from a “sell” rating to a “hold” rating in a report on Friday. BMO Capital Markets reiterated a “hold” rating and issued a $125.00 price target (up from $105.00) on shares of Polaris Industries in a report on Monday, April 9th. Citigroup cut their price target on Polaris Industries from $136.00 to $129.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Finally, Royal Bank of Canada upgraded Polaris Industries to a “sector perform” rating and set a $113.00 price target for the company in a report on Wednesday, January 31st. They noted that the move was a valuation call. Fifteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $114.13.
PII stock opened at $119.64 on Thursday. Polaris Industries has a 1 year low of $80.50 and a 1 year high of $137.66. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 1.11. The company has a market capitalization of $7,788.36, a P/E ratio of 24.67, a P/E/G ratio of 1.34 and a beta of 1.16.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Polaris Industries by 2.7% during the 4th quarter. BlackRock Inc. now owns 5,467,176 shares of the company’s stock worth $677,874,000 after buying an additional 142,737 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Polaris Industries by 4.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock worth $651,773,000 after buying an additional 202,244 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Polaris Industries by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 472,552 shares of the company’s stock worth $58,554,000 after buying an additional 10,183 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Polaris Industries by 280.6% during the 4th quarter. TIAA CREF Investment Management LLC now owns 419,346 shares of the company’s stock worth $51,995,000 after buying an additional 309,159 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Polaris Industries by 13.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 349,457 shares of the company’s stock worth $43,330,000 after buying an additional 42,094 shares during the last quarter. Institutional investors and hedge funds own 85.35% of the company’s stock.
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Polaris Industries Company Profile
Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. The company operates through four segments: Off-Road Vehicles (ORVs)/Snowmobiles, Motorcycles, Global Adjacent Markets, and Aftermarket. It offers ORVs, including all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; motorcycles; and low emission, light duty hauling, passenger, commercial, and industrial vehicles, as well as snow bike conversion kit systems.
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