Polaris Industries Inc. Expected to Post FY2018 Earnings of $5.52 Per Share (PII)
Polaris Industries Inc. (NYSE:PII) – SunTrust Banks upped their FY2018 earnings per share (EPS) estimates for Polaris Industries in a note issued to investors on Tuesday. SunTrust Banks analyst M. Swartz now expects that the company will post earnings of $5.52 per share for the year, up from their prior forecast of $5.02. SunTrust Banks has a “Hold” rating and a $115.00 price objective on the stock.
PII has been the subject of a number of other research reports. BidaskClub cut shares of Polaris Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. TheStreet raised shares of Polaris Industries from a “c” rating to a “b-” rating in a research report on Thursday, July 20th. Zacks Investment Research cut shares of Polaris Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 29th. B. Riley set a $91.00 target price on shares of Polaris Industries and gave the company a “hold” rating in a research report on Monday. Finally, Northcoast Research reissued a “neutral” rating on shares of Polaris Industries in a research report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company’s stock. Polaris Industries presently has an average rating of “Hold” and a consensus target price of $99.27.
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Shares of Polaris Industries (PII) traded down 1.96% during trading on Friday, hitting $118.90. 1,069,968 shares of the company’s stock were exchanged. Polaris Industries has a 1-year low of $73.98 and a 1-year high of $126.85. The firm has a market capitalization of $7.44 billion, a PE ratio of 49.73 and a beta of 1.31. The stock’s 50 day moving average is $105.44 and its 200 day moving average is $92.75.
Polaris Industries (NYSE:PII) last announced its earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.24. Polaris Industries had a net margin of 5.54% and a return on equity of 37.54%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the business earned $0.50 earnings per share. Polaris Industries’s revenue was up 24.8% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. IFP Advisors Inc raised its stake in Polaris Industries by 1.0% during the second quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock worth $118,000 after acquiring an additional 13 shares in the last quarter. Sheets Smith Wealth Management raised 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. raised its stake in Polaris Industries by 0.5% during the second quarter. CAPROCK Group Inc. now owns 4,990 shares of the company’s stock worth $460,000 after acquiring an additional 27 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Polaris Industries by 0.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 8,523 shares of the company’s stock worth $786,000 after acquiring an additional 35 shares in the last quarter. Finally, AMG Funds LLC raised its stake in Polaris Industries by 0.4% during the second quarter. AMG Funds LLC now owns 11,805 shares of the company’s stock worth $1,089,000 after acquiring an additional 42 shares in the last quarter. 94.89% of the stock is owned by hedge funds and other institutional investors.
In other Polaris Industries news, CEO Scott W. Wine bought 1,293 shares of the stock in a transaction on Friday, August 18th. The stock was purchased at an average price of $88.81 per share, with a total value 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 purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP James P. Williams sold 5,250 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $93.24, for a total value of $489,510.00. Following the transaction, the senior vice president now directly 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 insiders.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.95%. The ex-dividend date is Thursday, November 30th. Polaris Industries’s payout ratio is 73.19%.
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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