Equities research analysts expect Polaris Industries Inc. (NYSE:PII) to post $1.66 earnings per share for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Polaris Industries’ earnings. The highest EPS estimate is $1.71 and the lowest is $1.58. Polaris Industries reported earnings of $1.77 per share in the same quarter last year, which would suggest a negative year over year growth rate of 6.2%. The business is expected to announce its next quarterly earnings report on Wednesday, July 24th.
On average, analysts expect that Polaris Industries will report full-year earnings of $6.17 per share for the current financial year, with EPS estimates ranging from $5.80 to $6.33. For the next financial year, analysts expect that the business will report earnings of $6.78 per share, with EPS estimates ranging from $6.10 to $7.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Polaris Industries.
Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.16. Polaris Industries had a return on equity of 46.89% and a net margin of 5.22%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company earned $1.08 EPS. Polaris Industries’s revenue for the quarter was up 15.3% compared to the same quarter last year.
Several equities research analysts have weighed in on the company. ValuEngine raised Polaris Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Goldman Sachs Group assumed coverage on Polaris Industries in a research report on Wednesday, April 24th. They set a “buy” rating and a $123.00 price target on the stock. Wedbush raised Polaris Industries from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $101.00 to $117.00 in a research report on Thursday, May 2nd. Zacks Investment Research raised Polaris Industries from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. Finally, Royal Bank of Canada increased their price target on Polaris Industries to $102.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 24th. Eleven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $109.69.
In other news, Director Kevin M. Farr acquired 1,125 shares of the stock in a transaction that occurred on Tuesday, February 26th. The shares were bought at an average cost of $88.59 per share, for a total transaction of $99,663.75. Following the acquisition, the director now owns 15,604 shares in the company, valued at approximately $1,382,358.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen L. Eastman sold 8,028 shares of Polaris Industries stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $97.97, for a total value of $786,503.16. Following the completion of the sale, the insider now owns 17,706 shares in the company, valued at $1,734,656.82. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the stock. Security National Bank of SO Dak boosted its holdings in Polaris Industries by 26.5% in the 1st quarter. Security National Bank of SO Dak now owns 6,978 shares of the company’s stock worth $590,000 after buying an additional 1,460 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Polaris Industries by 3.3% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,169 shares of the company’s stock worth $1,476,000 after buying an additional 556 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in Polaris Industries by 5.3% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 4,828 shares of the company’s stock worth $408,000 after buying an additional 242 shares during the last quarter. Morgan Stanley boosted its holdings in Polaris Industries by 22.6% in the 1st quarter. Morgan Stanley now owns 316,033 shares of the company’s stock worth $26,682,000 after buying an additional 58,162 shares during the last quarter. Finally, Man Group plc acquired a new stake in Polaris Industries in the 1st quarter worth about $781,000. Institutional investors own 80.00% of the company’s stock.
Shares of PII stock traded up $0.95 during trading hours on Friday, reaching $89.74. The company’s stock had a trading volume of 11,246 shares, compared to its average volume of 734,071. The firm has a market cap of $5.26 billion, a P/E ratio of 13.75, a P/E/G ratio of 0.92 and a beta of 1.17. Polaris Industries has a one year low of $70.27 and a one year high of $131.25. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.39 and a current ratio of 1.31.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, May 31st. Polaris Industries’s dividend payout ratio (DPR) is presently 37.20%.
Polaris Industries Company Profile
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.
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