Wall Street analysts expect Polaris Industries Inc. (NYSE:PII) to report $1.64 billion in sales for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Polaris Industries’ earnings. The lowest sales estimate is $1.59 billion and the highest is $1.71 billion. Polaris Industries posted sales of $1.48 billion in the same quarter last year, which would indicate a positive year over year growth rate of 10.8%. The firm is expected to report its next earnings results before the market opens on Monday, October 22nd.
According to Zacks, analysts expect that Polaris Industries will report full year sales of $6.07 billion for the current year, with estimates ranging from $6.05 billion to $6.13 billion. For the next year, analysts forecast that the firm will report sales of $6.67 billion, with estimates ranging from $6.56 billion to $6.79 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Polaris Industries.
Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Wednesday, July 25th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.14. Polaris Industries had a return on equity of 40.51% and a net margin of 4.58%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the company posted $1.16 EPS. The firm’s revenue was up 10.1% on a year-over-year basis.
PII has been the topic of a number of research analyst reports. Stifel Nicolaus lowered their price target on Polaris Industries from $123.00 to $114.00 and set a “hold” rating on the stock in a report on Thursday, July 26th. Royal Bank of Canada reissued a “hold” rating and issued a $108.00 price target on shares of Polaris Industries in a report on Thursday, July 26th. Robert W. Baird lowered their price target on Polaris Industries from $125.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, October 10th. BMO Capital Markets reissued a “hold” rating and issued a $110.00 price target on shares of Polaris Industries in a report on Thursday, July 26th. Finally, Wedbush reissued a “neutral” rating and issued a $98.00 price target (down from $109.00) on shares of Polaris Industries in a report on Monday, October 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $115.08.
NYSE PII traded down $1.48 during trading hours on Wednesday, reaching $90.33. The company’s stock had a trading volume of 1,009,300 shares, compared to its average volume of 714,227. The company has a current ratio of 1.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.22. Polaris Industries has a 1 year low of $89.84 and a 1 year high of $137.66. The stock has a market cap of $5.71 billion, a PE ratio of 18.62, a P/E/G ratio of 0.94 and a beta of 0.92.
In other news, CEO Scott W. Wine acquired 3,000 shares of the firm’s stock in a transaction dated Friday, July 27th. The shares were acquired at an average cost of $104.09 per share, with a total value of $312,270.00. Following the acquisition, the chief executive officer now directly owns 335,154 shares of the company’s stock, valued at $34,886,179.86. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director George W. Bilicic acquired 1,195 shares of the firm’s stock in a transaction dated Friday, July 27th. The shares were purchased at an average cost of $104.61 per share, for a total transaction of $125,008.95. Following the completion of the acquisition, the director now directly owns 6,239 shares in the company, valued at $652,661.79. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of PII. Squar Milner Financial Services LLC purchased a new stake in shares of Polaris Industries during the 2nd quarter worth approximately $108,000. Laurel Wealth Advisors Inc. purchased a new stake in shares of Polaris Industries during the 2nd quarter worth approximately $203,000. Engineers Gate Manager LP purchased a new stake in shares of Polaris Industries during the 2nd quarter worth approximately $208,000. Hartford Investment Management Co. purchased a new stake in shares of Polaris Industries during the 2nd quarter worth approximately $216,000. Finally, Smith Shellnut Wilson LLC ADV purchased a new stake in shares of Polaris Industries during the 3rd quarter worth approximately $217,000. 83.55% of the stock is currently owned by institutional investors and hedge funds.
About Polaris Industries
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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