Polaris Industries Inc. (PII) Expected to Post Quarterly Sales of $1.39 Billion
Equities analysts expect Polaris Industries Inc. (NYSE:PII) to announce sales of $1.39 billion for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for Polaris Industries’ earnings. The highest sales estimate is $1.44 billion and the lowest is $1.36 billion. Polaris Industries posted sales of $1.19 billion during the same quarter last year, which would indicate a positive year over year growth rate of 16.8%. The company is scheduled to report its next quarterly earnings results before the market opens on Tuesday, October 24th.
According to Zacks, analysts expect that Polaris Industries will report full year sales of $1.39 billion for the current fiscal year, with estimates ranging from $5.14 billion to $5.22 billion. For the next year, analysts anticipate that the business will report sales of $5.32 billion per share, with estimates ranging from $5.19 billion to $5.38 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Polaris Industries.
Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 EPS.
A number of analysts have commented on PII shares. Northcoast Research reiterated a “hold” rating on shares of Polaris Industries in a research report on Tuesday, September 5th. Robert W. Baird reiterated a “neutral” rating on shares of Polaris Industries in a research report on Sunday, September 3rd. UBS AG decreased their target price on Polaris Industries from $108.00 to $82.00 and set a “neutral” rating on the stock in a research report on Friday, September 15th. BidaskClub downgraded Polaris Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, BMO Capital Markets boosted their target price on Polaris Industries from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, September 15th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. Polaris Industries presently has a consensus rating of “Hold” and a consensus price target of $91.54.
Polaris Industries (NYSE PII) opened at 103.45 on Tuesday. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 43.27 and a beta of 1.31. Polaris Industries has a one year low of $73.98 and a one year high of $108.46. The firm has a 50-day moving average price of $102.45 and a 200-day moving average price of $91.22.
In related news, CEO Scott W. Wine bought 1,293 shares of the stock in a transaction dated Friday, August 18th. The stock was acquired 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 owns 317,000 shares in the company, valued at $28,152,770. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP James P. Williams sold 5,250 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $93.24, for a total value of $489,510.00. Following the completion of the sale, the senior vice president now owns 19,914 shares of the company’s stock, valued at approximately $1,856,781.36. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of PII. Trust Co. of Vermont grew its stake in Polaris Industries by 132.0% during the 2nd quarter. Trust Co. of Vermont now owns 1,183 shares of the company’s stock valued at $109,000 after purchasing an additional 673 shares in the last quarter. IFP Advisors Inc grew its stake in Polaris Industries by 1.0% during the 2nd quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock valued at $118,000 after purchasing an additional 13 shares in the last quarter. Ffcm LLC grew its stake in Polaris Industries by 6.4% during the 2nd quarter. Ffcm LLC now owns 1,415 shares of the company’s stock valued at $131,000 after purchasing an additional 85 shares in the last quarter. Mosaic Family Wealth LLC grew its stake in Polaris Industries by 7.2% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,707 shares of the company’s stock valued at $157,000 after purchasing an additional 115 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new stake in Polaris Industries during the 1st quarter valued at approximately $213,000. Institutional investors and hedge funds own 94.84% of the company’s stock.
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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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