Brokerages Anticipate Polaris Industries Inc. (PII) Will Post Quarterly Sales of $1.33 Billion

Brokerages expect that Polaris Industries Inc. (NYSE:PII) will post $1.33 billion in sales for the current quarter, according to Zacks. Nine analysts have provided estimates for Polaris Industries’ earnings, with the lowest sales estimate coming in at $1.25 billion and the highest estimate coming in at $1.37 billion. Polaris Industries posted sales of $1.22 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 9%. The firm is expected to issue its next earnings results before the market opens on Tuesday, January 30th.

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

Polaris Industries (NYSE:PII) last issued its earnings results on Tuesday, October 24th. The company reported $1.46 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.24. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.40 billion. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. Polaris Industries’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share.

A number of equities research analysts recently commented on PII shares. Wedbush reiterated a “neutral” rating and issued a $119.00 target price (up previously from $112.00) on shares of Polaris Industries in a research report on Wednesday, January 3rd. Stifel Nicolaus restated a “hold” rating and issued a $98.00 price objective (up previously from $87.00) on shares of Polaris Industries in a research report on Monday, September 18th. Zacks Investment Research lowered Polaris Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Royal Bank of Canada upped their price objective on Polaris Industries from $81.00 to $91.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 25th. Finally, Robert W. Baird upped their price objective on Polaris Industries from $105.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $102.20.

In other news, SVP Stacy L. Bogart sold 20,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $122.05, for a total transaction of $2,441,000.00. Following the transaction, the senior vice president now owns 30,975 shares in the company, valued at approximately $3,780,498.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen L. Eastman sold 8,500 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $119.25, for a total value of $1,013,625.00. Following the transaction, the insider now owns 18,846 shares in the company, valued at approximately $2,247,385.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,102 shares of company stock worth $7,174,301. Insiders own 2.20% of the company’s stock.

Several large investors have recently made changes to their positions in PII. Prudential Financial Inc. lifted its position in shares of Polaris Industries by 3.3% during the 2nd quarter. Prudential Financial Inc. now owns 51,415 shares of the company’s stock valued at $4,742,000 after buying an additional 1,660 shares in the last quarter. Franklin Resources Inc. acquired a new position in Polaris Industries in the 2nd quarter valued at $390,000. Northwestern Mutual Wealth Management Co. raised its stake in Polaris Industries by 29.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,978 shares of the company’s stock valued at $275,000 after purchasing an additional 680 shares during the last quarter. Riverhead Capital Management LLC raised its stake in Polaris Industries by 74.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,361 shares of the company’s stock valued at $402,000 after purchasing an additional 1,861 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in Polaris Industries by 4.9% in the 2nd quarter. Teachers Advisors LLC now owns 60,770 shares of the company’s stock valued at $5,605,000 after purchasing an additional 2,840 shares during the last quarter. Hedge funds and other institutional investors own 90.91% of the company’s stock.

Shares of Polaris Industries (NYSE:PII) traded down $2.13 during midday trading on Tuesday, reaching $127.90. The company had a trading volume of 519,200 shares, compared to its average volume of 535,210. The stock has a market capitalization of $7,990.00, a price-to-earnings ratio of 40.22, a P/E/G ratio of 1.53 and a beta of 1.40. Polaris Industries has a 52-week low of $77.91 and a 52-week high of $134.66. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 1.00.

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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.

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