Zacks: Brokerages Anticipate Polaris Industries Inc. (PII) Will Post Quarterly Sales of $1.65 Billion

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.

Read More: Cash Flow

Get a free copy of the Zacks research report on Polaris Industries (PII)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Polaris Industries (NYSE:PII)

Receive News & Ratings for Polaris Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply