Analysts Expect Polaris Industries Inc. (PII) Will Post Earnings of $1.45 Per Share
Equities research analysts expect that Polaris Industries Inc. (NYSE:PII) will report $1.45 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Polaris Industries’ earnings, with estimates ranging from $1.21 to $1.52. Polaris Industries reported earnings per share of $1.18 during the same quarter last year, which suggests a positive year over year growth rate of 22.9%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, January 23rd.
According to Zacks, analysts expect that Polaris Industries will report full year earnings of $4.81 per share for the current year, with EPS estimates ranging from $4.46 to $4.90. For the next year, analysts anticipate that the firm will report earnings of $5.57 per share, with EPS estimates ranging from $5.04 to $6.30. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Polaris Industries.
Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.24. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm posted $0.50 EPS. Polaris Industries’s revenue was up 24.8% on a year-over-year basis.
A number of analysts recently weighed in on the company. B. Riley boosted their target price on Polaris Industries from $91.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Robert W. Baird boosted their price objective on Polaris Industries from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $115.00 price objective on shares of Polaris Industries in a research report on Wednesday, October 25th. They noted that the move was a valuation call. Stifel Nicolaus boosted their price objective on Polaris Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, Royal Bank Of Canada boosted their price objective on Polaris Industries from $81.00 to $91.00 and gave the company an “underperform” rating in a research report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $99.27.
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Shares of Polaris Industries (NYSE PII) opened at $116.74 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.34 and a current ratio of 1.04. The company has a market cap of $7.41 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 1.63 and a beta of 1.39.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.58 per share. The ex-dividend date is Thursday, November 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.99%. Polaris Industries’s dividend payout ratio is presently 73.19%.
In other Polaris Industries news, CEO Scott W. Wine bought 1,293 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was bought at an average price of $88.81 per share, for a total transaction of $114,831.33. Following the completion of the acquisition, the chief executive officer now directly owns 317,000 shares in the company, valued at $28,152,770. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen L. Eastman sold 8,500 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $119.25, for a total value of $1,013,625.00. Following the transaction, the insider now owns 18,846 shares of the company’s stock, valued at approximately $2,247,385.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,750 shares of company stock valued at $4,921,975. 2.20% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in PII. Janus Henderson Group PLC raised its holdings in shares of Polaris Industries by 27,968.2% during the second quarter. Janus Henderson Group PLC now owns 2,411,062 shares of the company’s stock valued at $222,372,000 after acquiring an additional 2,402,472 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Polaris Industries by 12.2% in the second quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock worth $484,822,000 after purchasing an additional 572,461 shares during the period. Confluence Investment Management LLC grew its stake in Polaris Industries by 51.5% in the second quarter. Confluence Investment Management LLC now owns 1,106,651 shares of the company’s stock worth $102,066,000 after purchasing an additional 376,083 shares during the period. Vanguard Group Inc. grew its stake in Polaris Industries by 6.1% in the second quarter. Vanguard Group Inc. now owns 5,627,636 shares of the company’s stock worth $519,037,000 after purchasing an additional 323,616 shares during the period. Finally, State Street Corp grew its stake in Polaris Industries by 3.8% in the second quarter. State Street Corp now owns 4,377,894 shares of the company’s stock worth $403,763,000 after purchasing an additional 161,055 shares during the period. Institutional investors own 95.14% of the company’s stock.
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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