$1.33 Billion in Sales Expected for Polaris Industries Inc. (PII) This Quarter

Analysts expect Polaris Industries Inc. (NYSE:PII) to announce $1.33 billion in sales for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Polaris Industries’ earnings. The highest sales estimate is $1.37 billion and the lowest is $1.25 billion. Polaris Industries reported sales of $1.22 billion during the same quarter last year, which indicates a positive year over year growth rate of 9%. The company is scheduled to report its next quarterly earnings report on Tuesday, January 23rd.

According to Zacks, analysts expect that Polaris Industries will report full-year sales of $1.33 billion for the current fiscal year, with estimates ranging from $5.14 billion to $5.37 billion. For the next financial year, analysts anticipate that the firm will report sales of $5.56 billion per share, with estimates ranging from $5.33 billion to $5.74 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Polaris Industries.

Polaris Industries (NYSE:PII) last issued its earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.24. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Polaris Industries had a net margin of 3.90% and a return on equity of 33.81%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share.

A number of analysts recently weighed in on the stock. Stifel Nicolaus restated a “hold” rating and set a $87.00 target price (up from $86.00) on shares of Polaris Industries in a report on Monday, July 24th. B. Riley reaffirmed a “neutral” rating and issued a $91.00 price objective on shares of Polaris Industries in a research note on Friday, July 21st. Aegis reaffirmed a “buy” rating and issued a $107.00 price objective on shares of Polaris Industries in a research note on Thursday, August 17th. Royal Bank Of Canada lowered shares of Polaris Industries from a “sector perform” rating to an “underperform” rating and set a $80.00 price objective for the company. in a research note on Friday, July 21st. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $115.00 price objective on shares of Polaris Industries in a research note on Wednesday, October 25th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $99.27.

Shares of Polaris Industries (NYSE PII) opened at $116.74 on Monday. The firm has a market capitalization of $7,301.19, a price-to-earnings ratio of 25.66, a P/E/G ratio of 1.61 and a beta of 1.39. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 1.00.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.58 dividend. The ex-dividend date is Thursday, November 30th. This represents a $2.32 annualized dividend and a yield of 1.99%. Polaris Industries’s dividend payout ratio is 73.19%.

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In other news, insider Stephen L. Eastman sold 8,500 shares of Polaris Industries stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $119.25, for a total transaction of $1,013,625.00. Following the sale, the insider now directly owns 18,846 shares in the company, valued at approximately $2,247,385.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Scott W. Wine bought 1,293 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were acquired at an average price of $88.81 per share, for a total transaction of $114,831.33. Following the completion of the transaction, the chief executive officer now owns 317,000 shares in the company, valued at approximately $28,152,770. The disclosure for this purchase can be found here. Insiders sold a total of 41,750 shares of company stock worth $4,921,975 over the last 90 days. Company insiders own 2.20% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. HL Financial Services LLC boosted its position in shares of Polaris Industries by 33.0% during the 3rd quarter. HL Financial Services LLC now owns 6,878 shares of the company’s stock valued at $720,000 after acquiring an additional 1,707 shares in the last quarter. Swiss National Bank lifted its holdings in Polaris Industries by 0.8% during the 3rd quarter. Swiss National Bank now owns 220,000 shares of the company’s stock valued at $23,019,000 after purchasing an additional 1,800 shares during the last quarter. Scout Investments Inc. lifted its holdings in Polaris Industries by 1.1% during the 3rd quarter. Scout Investments Inc. now owns 134,308 shares of the company’s stock valued at $14,053,000 after purchasing an additional 1,405 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Polaris Industries by 2.4% during the 3rd quarter. Principal Financial Group Inc. now owns 250,647 shares of the company’s stock valued at $26,225,000 after purchasing an additional 5,894 shares during the last quarter. Finally, Pettee Investors Inc. bought a new position in Polaris Industries during the 3rd quarter valued at about $628,000. Institutional investors and hedge funds own 94.75% of the company’s stock.

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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