Equities research analysts expect Polaris Industries Inc. (NYSE:PII) to report sales of $1.21 billion for the current quarter, according to Zacks. Eight analysts have provided estimates for Polaris Industries’ earnings, with the highest sales estimate coming in at $1.23 billion and the lowest estimate coming in at $1.20 billion. Polaris Industries posted sales of $1.15 billion in the same quarter last year, which would indicate a positive year over year growth rate of 5.2%. The firm is scheduled to report its next earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that Polaris Industries will report full year sales of $1.21 billion for the current fiscal year, with estimates ranging from $5.50 billion to $5.78 billion. For the next financial year, analysts forecast that the business will report sales of $5.94 billion per share, with estimates ranging from $5.89 billion to $5.98 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Polaris Industries.
Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $1.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.47. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.35 billion. Polaris Industries had a return on equity of 35.38% and a net margin of 3.18%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.97 earnings per share.
A number of brokerages have commented on PII. Citigroup reduced their target price on Polaris Industries from $136.00 to $129.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. BMO Capital Markets reiterated a “hold” rating and issued a $105.00 target price on shares of Polaris Industries in a report on Wednesday, January 31st. B. Riley restated a “hold” rating and issued a $118.00 price target on shares of Polaris Industries in a research note on Wednesday, January 31st. Stephens reaffirmed a “hold” rating and issued a $132.00 price objective on shares of Polaris Industries in a report on Wednesday, January 31st. Finally, Zacks Investment Research lowered Polaris Industries from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Fourteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $112.50.
Shares of Polaris Industries (PII) opened at $117.76 on Monday. Polaris Industries has a one year low of $77.91 and a one year high of $137.66. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 1.11. The firm has a market capitalization of $7,425.77, a PE ratio of 24.33, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $2.40 annualized dividend and a yield of 2.04%. This is an increase from Polaris Industries’s previous quarterly dividend of $0.58. Polaris Industries’s dividend payout ratio (DPR) is presently 86.25%.
In other news, SVP James P. Williams sold 20,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 22,664 shares of the company’s stock, valued at $2,880,141.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen L. Eastman sold 1,500 shares of the business’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 transaction, the insider now directly owns 8,846 shares of the company’s stock, valued at approximately $1,129,811.12. The disclosure for this sale can be found here. Insiders have sold a total of 21,602 shares of company stock worth $2,741,836 over the last ninety days. Insiders own 2.20% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PII. BlackRock Inc. boosted its position in shares of Polaris Industries by 2.7% during the fourth quarter. BlackRock Inc. now owns 5,467,176 shares of the company’s stock valued at $677,874,000 after buying an additional 142,737 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Polaris Industries by 4.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock valued at $651,773,000 after purchasing an additional 202,244 shares during the period. Janus Henderson Group PLC raised its stake in 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 purchasing an additional 148,734 shares during the period. Bank of New York Mellon Corp raised its stake in Polaris Industries by 5.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 899,134 shares of the company’s stock valued at $94,076,000 after purchasing an additional 42,596 shares during the period. Finally, Geode Capital Management LLC raised its stake in Polaris Industries by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 472,552 shares of the company’s stock valued at $58,554,000 after purchasing an additional 10,183 shares during the period. 86.40% of the stock is currently owned by hedge funds and other institutional investors.
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About Polaris Industries
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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