Polaris Inc. (NYSE:PII) Expected to Announce Earnings of $2.06 Per Share

Equities research analysts expect Polaris Inc. (NYSE:PII – Get Rating) to announce earnings of $2.06 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Polaris’ earnings, with the lowest EPS estimate coming in at $1.82 and the highest estimate coming in at $2.28. Polaris posted earnings per share of $2.70 in the same quarter last year, which suggests a negative year over year growth rate of 23.7%. The company is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Polaris will report full year earnings of $10.13 per share for the current year, with EPS estimates ranging from $10.00 to $10.20. For the next financial year, analysts expect that the company will report earnings of $11.09 per share, with EPS estimates ranging from $10.65 to $11.45. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Polaris.

Polaris (NYSE:PII – Get Rating) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.47). The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $2.11 billion. Polaris had a return on equity of 43.24% and a net margin of 5.24%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the firm posted $2.30 EPS.

A number of research analysts recently weighed in on the stock. Citigroup reduced their price objective on shares of Polaris from $145.00 to $139.00 and set a “buy” rating for the company in a research note on Tuesday, April 19th. Northcoast Research reiterated a “buy” rating on shares of Polaris in a research note on Tuesday, May 17th. StockNews.com started coverage on shares of Polaris in a research report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research lowered shares of Polaris from a “hold” rating to a “sell” rating in a research report on Friday, April 29th. Finally, Raymond James reduced their price target on shares of Polaris from $149.00 to $131.00 in a research report on Wednesday, April 27th. Three analysts have rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $127.69.

Polaris stock traded up $2.08 during mid-day trading on Friday, reaching $107.25. The company’s stock had a trading volume of 308,870 shares, compared to its average volume of 801,243. Polaris has a 12-month low of $94.24 and a 12-month high of $139.79. The company has a market capitalization of $6.38 billion, a P/E ratio of 15.54 and a beta of 1.59. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.34 and a current ratio of 1.18. The firm’s fifty day moving average price is $104.78 and its two-hundred day moving average price is $111.03.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Tuesday, May 31st. Polaris’s dividend payout ratio (DPR) is 37.10%.

Several hedge funds and other institutional investors have recently made changes to their positions in PII. First Trust Advisors LP increased its position in shares of Polaris by 115.7% during the first quarter. First Trust Advisors LP now owns 18,030 shares of the company’s stock valued at $1,522,000 after buying an additional 9,673 shares during the period. Morgan Stanley increased its position in shares of Polaris by 64.4% during the second quarter. Morgan Stanley now owns 553,614 shares of the company’s stock valued at $75,822,000 after buying an additional 216,942 shares during the period. CIBC Asset Management Inc increased its position in shares of Polaris by 8.2% during the third quarter. CIBC Asset Management Inc now owns 2,554 shares of the company’s stock valued at $306,000 after buying an additional 193 shares during the period. Teacher Retirement System of Texas grew its holdings in Polaris by 26.5% in the third quarter. Teacher Retirement System of Texas now owns 9,686 shares of the company’s stock worth $1,159,000 after purchasing an additional 2,028 shares during the period. Finally, Citigroup Inc. grew its holdings in Polaris by 75.0% in the third quarter. Citigroup Inc. now owns 62,112 shares of the company’s stock worth $7,432,000 after purchasing an additional 26,627 shares during the period. Institutional investors own 86.50% of the company’s stock.

About Polaris (Get Rating)

Polaris Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates through six 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 bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles.

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