Polaris Industries Inc. Plans Quarterly Dividend of $0.48 (PII)
Polaris Industries (NYSE:PII) declared a quarterly dividend on Thursday, July 24th, American Banking and Market News reports. Shareholders of record on Tuesday, September 2nd will be given a dividend of 0.48 per share on Monday, September 15th. This represents a $1.92 dividend on an annualized basis and a yield of 1.31%.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Polaris Industries from $154.00 to $162.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. On a related note, analysts at B. Riley raised their price target on shares of Polaris Industries to $160.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Stephens initiated coverage on shares of Polaris Industries in a research note on Wednesday, June 25th. They set an “overweight” rating and a $163.00 price target on the stock. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Polaris Industries currently has a consensus rating of “Buy” and an average target price of $152.83.
Shares of Polaris Industries (NYSE:PII) traded up 1.14% during mid-day trading on Thursday, hitting $147.89. 590,158 shares of the company’s stock traded hands. Polaris Industries has a 52 week low of $105.75 and a 52 week high of $148.35. The stock’s 50-day moving average is $131.5 and its 200-day moving average is $133.5. The company has a market cap of $9.769 billion and a price-to-earnings ratio of 25.35.
Polaris Industries (NYSE:PII) last released its earnings data on Tuesday, July 22nd. The company reported $1.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.39 by $0.03. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1,000.00 million. During the same quarter last year, the company posted $1.13 earnings per share. Polaris Industries’s revenue was up 20.0% compared to the same quarter last year. Analysts expect that Polaris Industries will post $6.57 EPS 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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