Polaris Industries Inc. (NYSE:PII) – Investment analysts at Wedbush dropped their Q3 2019 earnings per share (EPS) estimates for shares of Polaris Industries in a research note issued to investors on Tuesday, July 9th. Wedbush analyst J. Hardiman now expects that the company will post earnings per share of $1.65 for the quarter, down from their prior estimate of $1.78. Wedbush currently has a “Outperform” rating and a $105.00 price target on the stock. Wedbush also issued estimates for Polaris Industries’ Q4 2019 earnings at $1.51 EPS and FY2019 earnings at $5.96 EPS.
Several other research firms have also recently commented on PII. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 485 ($6.34) target price on shares of in a research report on Tuesday. BMO Capital Markets decreased their price target on shares of DXC Technology from $88.00 to $70.00 and set an “outperform” rating for the company in a research note on Tuesday, May 21st. Lake Street Capital increased their price target on shares of USA Technologies from $4.50 to $7.00 and gave the stock a “hold” rating in a research note on Thursday, June 6th. SunTrust Banks increased their price target on shares of Polaris Industries to $102.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Finally, Northcoast Research reiterated a “neutral” rating on shares of Polaris Industries in a research note on Friday, March 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $107.38.
NYSE:PII opened at $83.72 on Wednesday. The stock has a 50-day moving average of $87.38. Polaris Industries has a 12 month low of $70.27 and a 12 month high of $125.43. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.39 and a current ratio of 1.31. The stock has a market cap of $5.08 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 0.91 and a beta of 1.32.
Polaris Industries (NYSE:PII) last posted its earnings results on Tuesday, April 23rd. The company reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.16. Polaris Industries had a net margin of 5.22% and a return on equity of 46.89%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the company posted $1.08 EPS. The company’s quarterly revenue was up 15.3% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.61 per share. The ex-dividend date was Friday, May 31st. This represents a $2.44 dividend on an annualized basis and a yield of 2.91%. Polaris Industries’s dividend payout ratio is currently 37.20%.
In other Polaris Industries news, insider Stephen L. Eastman sold 8,028 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $97.97, for a total transaction of $786,503.16. Following the completion of the sale, the insider now directly owns 17,706 shares in the company, valued at approximately $1,734,656.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.90% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. CAPROCK Group Inc. grew its stake in shares of Polaris Industries by 3.1% in the first quarter. CAPROCK Group Inc. now owns 4,192 shares of the company’s stock worth $354,000 after acquiring an additional 128 shares during the period. Advisory Services Network LLC grew its stake in shares of Polaris Industries by 0.9% in the first quarter. Advisory Services Network LLC now owns 16,180 shares of the company’s stock worth $1,366,000 after acquiring an additional 144 shares during the period. Squar Milner Financial Services LLC grew its stake in shares of Polaris Industries by 33.4% in the first quarter. Squar Milner Financial Services LLC now owns 1,177 shares of the company’s stock worth $99,000 after acquiring an additional 295 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Polaris Industries by 5.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,249 shares of the company’s stock worth $528,000 after acquiring an additional 318 shares during the period. Finally, Mutual Advisors LLC grew its stake in shares of Polaris Industries by 10.0% in the fourth quarter. Mutual Advisors LLC now owns 3,788 shares of the company’s stock worth $290,000 after acquiring an additional 345 shares during the period. Institutional investors and hedge funds own 78.45% of the company’s stock.
About Polaris Industries
Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.
Featured Article: Growth Stocks, What They Are, What They Are Not
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.