Wall Street analysts predict that Polaris Industries Inc. (NYSE:PII) will report sales of $1.33 billion for the current quarter, according to Zacks. Nine analysts have made estimates for Polaris Industries’ earnings. The lowest sales estimate is $1.25 billion and the highest is $1.37 billion. Polaris Industries reported sales of $1.22 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 9%. The firm is expected to report its next quarterly earnings results on Tuesday, January 23rd.

According to Zacks, analysts expect that Polaris Industries will report full-year sales of $1.33 billion for the current fiscal year, with estimates ranging from $5.14 billion to $5.37 billion. For the next year, analysts forecast that the firm will post sales of $5.56 billion per share, with estimates ranging from $5.33 billion to $5.74 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Polaris Industries.

Polaris Industries (NYSE:PII) last posted its earnings results on Tuesday, October 24th. The company reported $1.46 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the firm earned $0.50 EPS. The company’s quarterly revenue was up 24.8% on a year-over-year basis.

A number of research analysts have weighed in on PII shares. Stifel Nicolaus reissued a “hold” rating and issued a $87.00 target price on shares of Polaris Industries in a research note on Thursday, September 7th. Zacks Investment Research lowered shares of Polaris Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Northcoast Research reaffirmed a “hold” rating on shares of Polaris Industries in a research report on Tuesday, September 5th. KeyCorp reaffirmed a “sector weight” rating on shares of Polaris Industries in a research report on Thursday, August 31st. Finally, Royal Bank of Canada boosted their target price 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 equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. Polaris Industries presently has an average rating of “Hold” and an average price target of $99.27.

Polaris Industries (NYSE PII) traded down $1.54 on Wednesday, reaching $127.96. 542,900 shares of the company’s stock were exchanged, compared to its average volume of 811,920. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.04 and a quick ratio of 0.34. Polaris Industries has a twelve month low of $77.91 and a twelve month high of $134.66. The stock has a market cap of $8,110.00, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 1.78 and a beta of 1.40.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.58 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.32 annualized dividend and a yield of 1.81%. Polaris Industries’s dividend payout ratio is presently 72.96%.

In other news, insider Michael D. Dougherty sold 8,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $122.23, for a total value of $977,840.00. Following the completion of the sale, the insider now directly owns 13,113 shares of the company’s stock, valued at $1,602,801.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Stacy L. Bogart sold 20,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $122.05, for a total transaction of $2,441,000.00. Following the completion of the sale, the senior vice president now directly owns 30,975 shares of the company’s stock, valued at $3,780,498.75. The disclosure for this sale can be found here. Insiders sold 58,102 shares of company stock valued at $7,174,301 in the last 90 days. 2.20% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Polaris Industries by 6.1% during the second quarter. Vanguard Group Inc. now owns 5,627,636 shares of the company’s stock worth $519,037,000 after buying an additional 323,616 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of 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 valued at $484,822,000 after purchasing an additional 572,461 shares during the last quarter. State Street Corp grew its position in shares of Polaris Industries by 3.8% in the second quarter. State Street Corp now owns 4,377,894 shares of the company’s stock valued at $403,763,000 after purchasing an additional 161,055 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Polaris Industries by 0.4% in the second quarter. Wells Fargo & Company MN now owns 3,504,980 shares of the company’s stock valued at $323,265,000 after purchasing an additional 12,865 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Polaris Industries by 6.2% in the third quarter. Janus Henderson Group PLC now owns 2,559,796 shares of the company’s stock valued at $267,832,000 after purchasing an additional 148,734 shares during the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

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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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Earnings History and Estimates for Polaris Industries (NYSE:PII)

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