Polaris Industries Inc. (PII) Expected to Earn FY2017 Earnings of $4.60 Per Share
Polaris Industries Inc. (NYSE:PII) – Equities researchers at Northcoast Research boosted their FY2017 earnings per share estimates for Polaris Industries in a report released on Thursday. Northcoast Research analyst S. Woolf now anticipates that the company will earn $4.60 per share for the year, up from their prior forecast of $4.50. Northcoast Research has a “Hold” rating on the stock. Northcoast Research also issued estimates for Polaris Industries’ Q4 2017 earnings at $1.44 EPS, Q1 2018 earnings at $0.85 EPS, Q2 2018 earnings at $1.32 EPS and FY2018 earnings at $5.35 EPS.
Several other research firms have also recently commented on PII. Stifel Nicolaus restated a “hold” rating and issued a $87.00 target price (up previously from $86.00) on shares of Polaris Industries in a research note on Monday, July 24th. Zacks Investment Research cut shares of Polaris Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. KeyCorp restated a “sector weight” rating on shares of Polaris Industries in a research note on Thursday, August 31st. Royal Bank Of Canada restated a “hold” rating and issued a $79.00 target price on shares of Polaris Industries in a research note on Friday, June 9th. Finally, B. Riley restated a “neutral” rating and issued a $91.00 target price on shares of Polaris Industries in a research note on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $91.31.
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Polaris Industries (NYSE PII) opened at 104.56 on Friday. Polaris Industries has a 12-month low of $73.07 and a 12-month high of $108.46. The firm has a 50-day moving average of $99.93 and a 200-day moving average of $90.26. The stock has a market cap of $6.54 billion, a PE ratio of 43.73 and a beta of 1.31.
Polaris Industries (NYSE:PII) last posted its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The firm’s quarterly revenue was up 20.7% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Wednesday, August 30th. Polaris Industries’s dividend payout ratio (DPR) is 97.07%.
In related news, CEO Scott W. Wine acquired 1,293 shares of Polaris Industries stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average price of $88.81 per share, for a total transaction of $114,831.33. Following the completion of the purchase, the chief executive officer now directly owns 317,000 shares of the company’s stock, valued at $28,152,770. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George W. Bilicic acquired 2,833 shares of Polaris Industries stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average price of $95.18 per share, with a total value of $269,644.94. Following the purchase, the director now directly owns 2,833 shares of the company’s stock, valued at $269,644.94. The disclosure for this purchase can be found here. 2.20% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Polaris Industries by 625.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 73,159 shares of the company’s stock valued at $5,981,000 after purchasing an additional 63,072 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Polaris Industries by 15.4% in the second quarter. Victory Capital Management Inc. now owns 53,721 shares of the company’s stock valued at $4,955,000 after purchasing an additional 7,171 shares during the period. Staton Financial Advisors LLC lifted its stake in shares of Polaris Industries by 3.1% in the first quarter. Staton Financial Advisors LLC now owns 39,630 shares of the company’s stock valued at $3,321,000 after purchasing an additional 1,203 shares during the period. Marshall Wace North America L.P. lifted its stake in shares of Polaris Industries by 860.0% in the second quarter. Marshall Wace North America L.P. now owns 24,394 shares of the company’s stock valued at $2,244,000 after purchasing an additional 21,853 shares during the period. Finally, Swiss National Bank lifted its stake in shares of Polaris Industries by 1.2% in the second quarter. Swiss National Bank now owns 218,200 shares of the company’s stock valued at $20,125,000 after purchasing an additional 2,500 shares during the period. Hedge funds and other institutional investors own 95.20% of the company’s stock.
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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