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%.
TRADEMARK VIOLATION WARNING: This report was first posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://www.com-unik.info/2017/11/06/1-33-billion-in-sales-expected-for-polaris-industries-inc-pii-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about Polaris Industries Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Polaris Industries Inc. and related companies.