Northcoast Research Brokers Reduce Earnings Estimates for Polaris Industries Inc. (PII)

Polaris Industries Inc. (NYSE:PII) – Northcoast Research lowered their Q3 2017 earnings estimates for Polaris Industries in a report issued on Thursday. Northcoast Research analyst S. Woolf now forecasts that the company will post earnings of $1.26 per share for the quarter, down from their previous estimate of $1.52. Northcoast Research also issued estimates for Polaris Industries’ Q4 2017 earnings at $1.33 EPS, Q3 2018 earnings at $1.79 EPS and Q4 2018 earnings at $1.43 EPS.

Polaris Industries (NYSE:PII) last announced its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.08. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the company posted $1.09 EPS. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. ILLEGAL ACTIVITY NOTICE: This report was first published by Community Financial News and is owned by of Community Financial News. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at https://www.com-unik.info/2017/08/19/northcoast-research-brokers-reduce-earnings-estimates-for-polaris-industries-inc-pii-updated-updated.html.

Several other analysts have also weighed in on PII. Zacks Investment Research raised Polaris Industries from a “strong sell” rating to a “hold” rating in a report on Saturday, April 15th. B. Riley reissued a “neutral” rating and issued a $82.00 target price on shares of Polaris Industries in a report on Friday, April 21st. BMO Capital Markets reissued a “buy” rating and issued a $100.00 target price on shares of Polaris Industries in a report on Thursday, April 27th. Stifel Nicolaus reissued a “hold” rating and issued a $82.00 target price (up previously from $81.00) on shares of Polaris Industries in a report on Saturday, April 29th. Finally, Wedbush reissued a “neutral” rating and issued a $75.00 target price on shares of Polaris Industries in a report on Tuesday, June 6th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $86.87.

Shares of Polaris Industries (NYSE PII) opened at 89.66 on Monday. The firm’s 50-day moving average is $90.30 and its 200 day moving average is $86.75. Polaris Industries has a 52 week low of $70.14 and a 52 week high of $99.16. The firm has a market cap of $5.61 billion, a PE ratio of 37.50 and a beta of 1.32.

Large investors have recently made changes to their positions in the stock. IFP Advisors Inc increased its stake in shares of Polaris Industries by 1.0% in the second quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock valued at $118,000 after buying an additional 13 shares during the last quarter. Sheets Smith Wealth Management increased its stake in shares of Polaris Industries by 0.6% in the second quarter. Sheets Smith Wealth Management now owns 2,454 shares of the company’s stock valued at $226,000 after buying an additional 14 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in shares of Polaris Industries by 0.9% in the first quarter. Rehmann Capital Advisory Group now owns 2,472 shares of the company’s stock valued at $207,000 after buying an additional 23 shares during the last quarter. CENTRAL TRUST Co increased its stake in shares of Polaris Industries by 0.7% in the first quarter. CENTRAL TRUST Co now owns 3,793 shares of the company’s stock valued at $318,000 after buying an additional 25 shares during the last quarter. Finally, CAPROCK Group Inc. increased its stake in shares of Polaris Industries by 0.5% in the second quarter. CAPROCK Group Inc. now owns 4,990 shares of the company’s stock valued at $460,000 after buying an additional 27 shares during the last quarter. Institutional investors and hedge funds own 93.97% of the company’s stock.

In related news, Director Gwenne A. Henricks bought 1,200 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The shares were acquired at an average cost of $92.27 per share, for a total transaction of $110,724.00. Following the acquisition, the director now owns 1,200 shares in the company, valued at approximately $110,724. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Matthew J. Homan sold 2,600 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $86.96, for a total value of $226,096.00. Following the sale, the insider now owns 20,871 shares in the company, valued at $1,814,942.16. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.59%. Polaris Industries’s dividend payout ratio (DPR) is 97.07%.

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.

Earnings History and Estimates for Polaris Industries (NYSE:PII)

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