Wall Street brokerages expect Polaris Industries Inc. (NYSE:PII) to announce sales of $1.33 billion for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Polaris Industries’ earnings, with the highest sales estimate coming in at $1.37 billion and the lowest estimate coming in at $1.25 billion. Polaris Industries reported sales of $1.22 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 9%. The firm is expected to report its next earnings report on Tuesday, January 23rd.
According to Zacks, analysts expect that Polaris Industries will report full-year sales of $1.33 billion for the current fiscal year, with estimates ranging from $5.14 billion to $5.37 billion. For the next fiscal year, analysts forecast that the firm will report sales of $5.56 billion per share, with estimates ranging from $5.33 billion to $5.74 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Polaris Industries.
Polaris Industries (NYSE:PII) last issued its earnings results on Tuesday, October 24th. The company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.22 by $0.24. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the company earned $0.50 EPS. The firm’s revenue was up 24.8% compared to the same quarter last year.
PII has been the subject of several analyst reports. Northcoast Research restated a “hold” rating on shares of Polaris Industries in a research note on Tuesday, September 5th. Robert W. Baird restated a “neutral” rating on shares of Polaris Industries in a research note on Sunday, September 3rd. Royal Bank of Canada raised their target price on Polaris Industries from $81.00 to $91.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 25th. UBS Group cut their target price on Polaris Industries from $108.00 to $82.00 and set a “neutral” rating for the company in a research note on Friday, September 15th. Finally, BMO Capital Markets raised their target price on Polaris Industries from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $99.27.
Polaris Industries (NYSE PII) opened at $123.99 on Friday. Polaris Industries has a 12 month low of $77.91 and a 12 month high of $134.66. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $7,917.23, a PE ratio of 27.82, a price-to-earnings-growth ratio of 1.74 and a beta of 1.41.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.58 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $2.32 annualized dividend and a dividend yield of 1.87%. Polaris Industries’s payout ratio is currently 73.19%.
In other Polaris Industries news, insider Stephen L. Eastman sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $127.72, for a total value of $191,580.00. Following the sale, the insider now owns 8,846 shares of the company’s stock, valued at approximately $1,129,811.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Stephen L. Eastman sold 8,500 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $119.25, for a total value of $1,013,625.00. Following the completion of the sale, the insider now directly owns 18,846 shares in the company, valued at approximately $2,247,385.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,102 shares of company stock worth $7,174,301. Insiders own 2.20% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Polaris Industries by 6.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,627,636 shares of the company’s stock valued at $519,037,000 after buying an additional 323,616 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Polaris Industries by 12.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock valued at $484,822,000 after buying an additional 572,461 shares in the last quarter. State Street Corp raised its holdings in shares of Polaris Industries by 3.8% during the 2nd quarter. State Street Corp now owns 4,377,894 shares of the company’s stock valued at $403,763,000 after buying an additional 161,055 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Polaris Industries by 0.4% during the 2nd quarter. Wells Fargo & Company MN now owns 3,504,980 shares of the company’s stock valued at $323,265,000 after buying an additional 12,865 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Polaris Industries by 6.2% during the 3rd quarter. Janus Henderson Group PLC now owns 2,559,796 shares of the company’s stock valued at $267,832,000 after buying an additional 148,734 shares in the last quarter. 90.90% of the stock is currently owned by institutional investors.
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Polaris Industries Company Profile
Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include Off-Road Vehicles (ORV), including All-Terrain Vehicles (ATV) and side-by-side vehicles for recreational and utility use; Snowmobiles, Motorcycles and Global Adjacent Markets vehicles, including Work and Transportation and military vehicles.
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