Q3 2017 Earnings Estimate for Polaris Industries Inc. (NYSE:PII) Issued By Northcoast Research
Polaris Industries Inc. (NYSE:PII) – Research analysts at Northcoast Research lifted their Q3 2017 earnings estimates for shares of Polaris Industries in a research report issued on Friday. Northcoast Research analyst S. Woolf now anticipates that the company will post earnings of $1.52 per share for the quarter, up from their previous estimate of $1.40. Northcoast Research currently has a “Hold” rating on the stock. Northcoast Research also issued estimates for Polaris Industries’ Q4 2017 earnings at $1.07 EPS, FY2017 earnings at $4.50 EPS, Q1 2018 earnings at $0.80 EPS, Q2 2018 earnings at $1.23 EPS, Q3 2018 earnings at $1.85 EPS, Q4 2018 earnings at $1.37 EPS and FY2018 earnings at $5.25 EPS.
Other research analysts have also recently issued reports about the company. TheStreet upgraded Polaris Industries from a “c” rating to a “b-” rating in a report on Thursday. BMO Capital Markets reiterated a “buy” rating and issued a $100.00 price objective on shares of Polaris Industries in a report on Monday, June 5th. BidaskClub upgraded Polaris Industries from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Zacks Investment Research upgraded Polaris Industries from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a report on Wednesday, July 19th. Finally, Lake Street Capital upped their price objective on Polaris Industries from $102.00 to $106.00 and gave the company a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $86.80.
Shares of Polaris Industries (NYSE:PII) opened at 94.33 on Monday. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 39.45 and a beta of 1.32. Polaris Industries has a 52 week low of $70.14 and a 52 week high of $99.16. The company’s 50 day moving average price is $89.13 and its 200-day moving average price is $86.39.
Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.08. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company earned $1.09 EPS. Polaris Industries’s quarterly revenue was up 20.7% compared to the same quarter last year.
Hedge funds have recently bought and sold shares of the company. Stratos Wealth Partners LTD. increased its stake in Polaris Industries by 13.3% in the first quarter. Stratos Wealth Partners LTD. now owns 4,059 shares of the company’s stock worth $340,000 after buying an additional 478 shares in the last quarter. Lau Associates LLC increased its stake in Polaris Industries by 0.6% in the first quarter. Lau Associates LLC now owns 12,955 shares of the company’s stock worth $1,086,000 after buying an additional 80 shares in the last quarter. Bancorpsouth Inc. purchased a new stake in Polaris Industries during the first quarter worth $244,000. Schroder Investment Management Group increased its stake in Polaris Industries by 719.9% in the first quarter. Schroder Investment Management Group now owns 241,900 shares of the company’s stock worth $20,218,000 after buying an additional 212,396 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Polaris Industries by 9.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,240 shares of the company’s stock worth $844,000 after buying an additional 910 shares in the last quarter. 93.85% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Michael T. Speetzen sold 5,000 shares of the company’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $84.07, for a total transaction of $420,350.00. Following the sale, the executive vice president now owns 10,333 shares of the company’s stock, valued at $868,695.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Matthew J. Homan sold 2,600 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $86.96, for a total value of $226,096.00. Following the sale, the insider now directly owns 20,871 shares in the company, valued at approximately $1,814,942.16. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.
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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