KeyCorp Analysts Raise Earnings Estimates for Polaris Industries Inc. (PII)
Polaris Industries Inc. (NYSE:PII) – KeyCorp lifted their FY2017 earnings estimates for Polaris Industries in a research note issued on Monday. KeyCorp analyst B. Andress now expects that the company will earn $4.55 per share for the year, up from their previous forecast of $4.45. KeyCorp has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Polaris Industries’ Q4 2017 earnings at $1.47 EPS.
Other analysts have also issued reports about the stock. TheStreet raised shares of Polaris Industries from a “c” rating to a “b-” rating in a research note on Thursday, July 20th. BidaskClub upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Zacks Investment Research raised shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research report on Wednesday, July 19th. Lake Street Capital increased their price objective on Polaris Industries from $102.00 to $106.00 and gave the company a “buy” rating in a report on Friday, July 21st. Finally, Aegis reissued a “buy” rating and issued a $107.00 price target on shares of Polaris Industries in a research report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $91.31.
Shares of Polaris Industries (PII) opened at 106.26 on Wednesday. The company has a 50-day moving average of $99.01 and a 200 day moving average of $90.05. The stock has a market cap of $6.65 billion, a P/E ratio of 44.44 and a beta of 1.31. Polaris Industries has a 52-week low of $73.07 and a 52-week high of $108.46.
Polaris Industries (NYSE:PII) last posted its earnings results on Thursday, July 20th. The company reported $1.16 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the firm posted $1.09 EPS. The company’s revenue was up 20.7% on a year-over-year basis.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted 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. Sheets Smith Wealth Management boosted its stake in Polaris Industries by 0.6% during the second quarter. Sheets Smith Wealth Management now owns 2,454 shares of the company’s stock worth $226,000 after acquiring an additional 14 shares in the last quarter. CAPROCK Group Inc. grew its holdings in Polaris Industries by 0.5% in the second quarter. CAPROCK Group Inc. now owns 4,990 shares of the company’s stock worth $460,000 after purchasing an additional 27 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Polaris Industries by 0.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 8,523 shares of the company’s stock worth $786,000 after purchasing an additional 35 shares during the period. Finally, AMG Funds LLC grew its holdings in Polaris Industries by 0.4% in the second quarter. AMG Funds LLC now owns 11,805 shares of the company’s stock worth $1,089,000 after purchasing an additional 42 shares during the period. 95.20% of the stock is currently owned by institutional investors.
In related news, CEO Scott W. Wine purchased 1,293 shares of the business’s stock in a transaction on Friday, August 18th. The stock was acquired at an average price of $88.81 per share, with a total value of $114,831.33. Following the purchase, the chief executive officer now directly owns 317,000 shares in the company, valued at $28,152,770. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director George W. Bilicic purchased 2,833 shares of the business’s stock in a transaction on Friday, August 25th. The stock was bought at an average cost of $95.18 per share, with a total value of $269,644.94. Following the purchase, the director now owns 2,833 shares in the company, valued at $269,644.94. The disclosure for this purchase can be found here. 2.20% of the stock is owned by insiders.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $2.32 annualized dividend and a yield of 2.18%. Polaris Industries’s payout ratio is 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.
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