Polaris Industries Inc. Announces Quarterly Dividend of $0.48 (PII)
Polaris Industries (NYSE:PII) announced a quarterly dividend on Thursday, January 30th, StockRatingsNetwork.com reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.48 per share on Monday, March 17th. This represents a $1.92 annualized dividend and a dividend yield of 1.53%.
A number of analysts have recently weighed in on PII shares. Analysts at UBS AG raised their price target on shares of Polaris Industries from $142.00 to $146.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. On the ratings front, analysts at B. Riley upgraded shares of Polaris Industries from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $155.00 price target on the stock, up previously from $152.00. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $148.16.
Polaris Industries (NYSE:PII) traded up 1.61% during mid-day trading on Thursday, hitting $127.69. The stock had a trading volume of 840,911 shares. Polaris Industries has a one year low of $82.80 and a one year high of $146.99. The stock has a 50-day moving average of $139.8 and a 200-day moving average of $126.9. The company has a market cap of $8.845 billion and a P/E ratio of 25.00.
Polaris Industries (NYSE:PII) last released its earnings data on Tuesday, January 28th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. On average, analysts predict that Polaris Industries will post $5.39 earnings per share for the current fiscal year.
Polaris Industries Inc (NYSE:PII) designs, engineers and manufactures off-road vehicles (ORV), including all-terrain vehicles (ATV) and side-by-side vehicles for recreational and utility use, snowmobiles, and on-road vehicles, including motorcycles and small electric vehicles (SEV), together with the related replacement parts, garments and accessories (PG&A).
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