Polaris Industries Inc. (NYSE:PII) – Equities researchers at KeyCorp raised their FY2018 earnings estimates for shares of Polaris Industries in a research report issued on Tuesday, Zacks Investment Research reports. KeyCorp analyst B. Andress now expects that the company will post earnings per share of $6.10 for the year, up from their previous estimate of $5.40.
A number of other equities analysts have also weighed in on the stock. Wells Fargo & Co upgraded shares of Polaris Industries from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 6th. Citigroup decreased their price target on shares of Polaris Industries from $136.00 to $129.00 and set a “buy” rating on the stock in a research note on Tuesday, February 6th. Zacks Investment Research raised shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research note on Friday, February 2nd. B. Riley restated a “hold” rating and issued a $118.00 price target on shares of Polaris Industries in a report on Wednesday, January 31st. Finally, Royal Bank of Canada upgraded shares of Polaris Industries to a “sector perform” rating and set a $113.00 target price on the stock in a report on Wednesday, January 31st. They noted that the move was a valuation call. Fourteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Polaris Industries currently has an average rating of “Hold” and an average target price of $112.50.
Polaris Industries (PII) opened at $111.91 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The firm has a market cap of $6,999.08, a P/E ratio of 41.60, a PEG ratio of 1.22 and a beta of 1.27. Polaris Industries has a twelve month low of $77.91 and a twelve month high of $137.66.
Polaris Industries (NYSE:PII) last announced its earnings results on Tuesday, January 30th. The company reported $1.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.47. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.35 billion. Polaris Industries had a net margin of 3.18% and a return on equity of 35.38%. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.97 EPS.
Hedge funds and other institutional investors have recently modified their holdings of the company. Calton & Associates Inc. acquired a new stake in shares of Polaris Industries during the 4th quarter worth approximately $112,000. Gradient Investments LLC acquired a new stake in shares of Polaris Industries during the 4th quarter worth approximately $113,000. NuWave Investment Management LLC acquired a new stake in shares of Polaris Industries during the 4th quarter worth approximately $123,000. TD Asset Management Inc. acquired a new stake in shares of Polaris Industries during the 3rd quarter worth approximately $222,000. Finally, First Mercantile Trust Co. acquired a new stake in shares of Polaris Industries during the 4th quarter worth approximately $222,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.
In other Polaris Industries news, insider Stephen L. Eastman sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $127.72, for a total transaction of $191,580.00. Following the completion of the transaction, the insider now directly 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 Securities & Exchange Commission, which is accessible through this link. Also, SVP James P. Williams sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $127.08, for a total transaction of $2,541,600.00. Following the transaction, the senior vice president now directly owns 22,664 shares of the company’s stock, valued at $2,880,141.12. The disclosure for this sale can be found here. Insiders have sold a total of 21,602 shares of company stock valued at $2,741,836 over the last three months. 2.20% of the stock is currently owned by insiders.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, February 28th. This is a positive change from Polaris Industries’s previous quarterly dividend of $0.58. This represents a $2.40 dividend on an annualized basis and a yield of 2.14%. Polaris Industries’s dividend payout ratio (DPR) is currently 86.25%.
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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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