Wall Street analysts expect that Polaris Industries Inc. (NYSE:PII) will report sales of $1.65 billion for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Polaris Industries’ earnings, with estimates ranging from $1.62 billion to $1.73 billion. Polaris Industries posted sales of $1.43 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.4%. The business is scheduled to announce its next quarterly earnings results on Tuesday, January 29th.
According to Zacks, analysts expect that Polaris Industries will report full-year sales of $6.10 billion for the current fiscal year, with estimates ranging from $6.08 billion to $6.19 billion. For the next fiscal year, analysts expect that the company will report sales of $6.68 billion, with estimates ranging from $6.61 billion to $6.81 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Polaris Industries.
Polaris Industries (NYSE:PII) last released its earnings results on Monday, October 22nd. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.29. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.64 billion. Polaris Industries had a net margin of 4.68% and a return on equity of 43.14%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.46 EPS.
Several analysts have recently commented on PII shares. Citigroup raised their price objective on shares of Polaris Industries from $125.00 to $126.00 and gave the stock a “buy” rating in a research report on Monday, August 13th. Wells Fargo & Co reduced their price objective on shares of Polaris Industries from $125.00 to $115.00 and set an “outperform” rating for the company in a research report on Tuesday, October 23rd. SunTrust Banks reduced their price objective on shares of Polaris Industries to $100.00 and set a “hold” rating for the company in a research report on Tuesday, October 23rd. Longbow Research reaffirmed a “hold” rating on shares of Polaris Industries in a research report on Tuesday, October 23rd. Finally, B. Riley raised shares of Polaris Industries from a “neutral” rating to a “buy” rating and set a $126.00 price objective for the company in a research report on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $111.23.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BancorpSouth Bank grew its position in Polaris Industries by 11.8% in the 2nd quarter. BancorpSouth Bank now owns 4,515 shares of the company’s stock valued at $552,000 after purchasing an additional 477 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Polaris Industries by 8.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 6,221 shares of the company’s stock valued at $760,000 after purchasing an additional 505 shares during the period. Toronto Dominion Bank grew its position in Polaris Industries by 9.1% in the 3rd quarter. Toronto Dominion Bank now owns 6,515 shares of the company’s stock valued at $658,000 after purchasing an additional 546 shares during the period. WESPAC Advisors SoCal LLC grew its position in Polaris Industries by 7.4% in the 3rd quarter. WESPAC Advisors SoCal LLC now owns 8,485 shares of the company’s stock valued at $856,000 after purchasing an additional 585 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in Polaris Industries by 2.6% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 23,288 shares of the company’s stock valued at $2,351,000 after purchasing an additional 590 shares during the period. 82.23% of the stock is owned by institutional investors and hedge funds.
NYSE:PII traded down $2.33 on Tuesday, reaching $88.46. 430,995 shares of the stock traded hands, compared to its average volume of 465,633. The company has a market capitalization of $5.47 billion, a PE ratio of 18.24, a P/E/G ratio of 0.90 and a beta of 1.03. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.40 and a current ratio of 1.19. Polaris Industries has a 1-year low of $84.63 and a 1-year high of $137.66.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Friday, November 30th. Polaris Industries’s payout ratio is currently 49.48%.
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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