Polaris Industries Inc. (PII) Expected to Post Quarterly Sales of $1.39 Billion
Brokerages expect that Polaris Industries Inc. (NYSE:PII) will announce $1.39 billion in sales for the current quarter, Zacks reports. Nine analysts have issued estimates for Polaris Industries’ earnings. The lowest sales estimate is $1.36 billion and the highest is $1.44 billion. Polaris Industries reported sales of $1.19 billion during the same quarter last year, which would suggest a positive year over year growth rate of 16.8%. The company is scheduled to issue its next quarterly earnings report on Tuesday, October 24th.
On average, analysts expect that Polaris Industries will report full year sales of $1.39 billion for the current year, with estimates ranging from $5.10 billion to $5.22 billion. For the next year, analysts anticipate that the firm will report sales of $5.32 billion per share, with estimates ranging from $5.18 billion to $5.38 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Polaris Industries.
Polaris Industries (NYSE:PII) last released its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.08. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. 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 business earned $1.09 earnings per share. The business’s revenue was up 20.7% on a year-over-year basis.
Several brokerages have recently weighed in on PII. Stifel Nicolaus reaffirmed a “hold” rating and issued a $87.00 price target on shares of Polaris Industries in a research report on Thursday. Northcoast Research reissued a “hold” rating on shares of Polaris Industries in a research report on Tuesday, September 5th. Royal Bank Of Canada cut shares of Polaris Industries from a “sector perform” rating to an “underperform” rating and set a $80.00 target price for the company. in a research report on Friday, July 21st. Robert W. Baird cut shares of Polaris Industries from an “outperform” rating to a “neutral” rating and increased their target price for the company from $88.00 to $96.00 in a research report on Friday, July 21st. Finally, Lake Street Capital increased their target price on shares of Polaris Industries from $102.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. Polaris Industries currently has a consensus rating of “Hold” and a consensus price target of $86.86.
In related news, SVP James P. Williams sold 5,250 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $93.24, for a total transaction of $489,510.00. Following the sale, the senior vice president now owns 19,914 shares in the company, valued at $1,856,781.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Scott W. Wine purchased 1,293 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were purchased at an average price of $88.81 per share, for a total transaction of $114,831.33. Following the transaction, the chief executive officer now owns 317,000 shares of the company’s stock, valued at approximately $28,152,770. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in PII. Trust Co. of Vermont grew its position in Polaris Industries by 132.0% during the second quarter. Trust Co. of Vermont now owns 1,183 shares of the company’s stock valued at $109,000 after buying an additional 673 shares during the period. Ffcm LLC grew its position in Polaris Industries by 4.3% during the first quarter. Ffcm LLC now owns 1,330 shares of the company’s stock valued at $112,000 after buying an additional 55 shares during the period. IFP Advisors Inc grew its position in Polaris Industries by 1.0% during the second quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock valued at $118,000 after buying an additional 13 shares during the period. Daiwa Securities Group Inc. grew its position in Polaris Industries by 20.0% during the first quarter. Daiwa Securities Group Inc. now owns 1,800 shares of the company’s stock valued at $151,000 after buying an additional 300 shares during the period. Finally, Mosaic Family Wealth LLC grew its position in Polaris Industries by 7.2% during the second quarter. Mosaic Family Wealth LLC now owns 1,707 shares of the company’s stock valued at $157,000 after buying an additional 115 shares during the period. Institutional investors own 95.13% of the company’s stock.
Polaris Industries (PII) opened at 98.09 on Friday. Polaris Industries has a 12-month low of $70.14 and a 12-month high of $100.81. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 41.02 and a beta of 1.30. The stock’s 50 day moving average is $91.82 and its 200 day moving average is $87.86.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $2.32 annualized dividend and a yield of 2.37%. Polaris Industries’s dividend payout ratio is presently 97.07%.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Polaris Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.