Equities research analysts expect Polaris Industries Inc. (NYSE:PII) to announce $1.33 billion in sales 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 posted sales of $1.22 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 9%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, January 30th.

On average, 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 financial year, analysts forecast that the business 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 averages are an average based on a survey of research firms that cover Polaris Industries.

Polaris Industries (NYSE:PII) last released its quarterly earnings results on Tuesday, October 24th. The company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.22 by $0.24. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.40 billion. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The firm’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 earnings per share.

PII has been the topic of a number of recent research reports. Zacks Investment Research raised Polaris Industries from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a report on Friday, September 29th. KeyCorp reissued a “hold” rating on shares of Polaris Industries in a report on Wednesday, October 4th. Royal Bank of Canada reissued a “sell” rating and issued a $81.00 target price on shares of Polaris Industries in a report on Friday, October 13th. Northcoast Research reissued a “neutral” rating on shares of Polaris Industries in a report on Friday, October 6th. Finally, BMO Capital Markets lowered Polaris Industries from an “outperform” rating to a “market perform” rating and set a $115.00 target price on the stock. in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $102.20.

Polaris Industries (NYSE:PII) traded down $2.13 during trading hours on Tuesday, hitting $127.90. The stock had a trading volume of 519,200 shares, compared to its average volume of 535,210. The firm has a market capitalization of $7,990.00, a price-to-earnings ratio of 40.22, a P/E/G ratio of 1.53 and a beta of 1.40. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.34 and a current ratio of 1.04. Polaris Industries has a 1-year low of $77.91 and a 1-year high of $134.66.

In related news, SVP Stacy L. Bogart sold 20,000 shares of Polaris Industries stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $122.05, for a total value of $2,441,000.00. Following the sale, the senior vice president now directly owns 30,975 shares in the company, valued at $3,780,498.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Stephen L. Eastman sold 8,500 shares of Polaris Industries 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 completion of the sale, the insider now owns 18,846 shares in the company, valued at $2,247,385.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,102 shares of company stock worth $7,174,301. Company insiders own 2.20% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its position in Polaris Industries by 3.8% during 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 in the last quarter. Principal Financial Group Inc. boosted its position in Polaris Industries by 2.4% during the third quarter. Principal Financial Group Inc. now owns 250,647 shares of the company’s stock worth $26,225,000 after purchasing an additional 5,894 shares in the last quarter. Prudential PLC boosted its position in Polaris Industries by 14.8% during the second quarter. Prudential PLC now owns 47,300 shares of the company’s stock worth $4,363,000 after purchasing an additional 6,100 shares in the last quarter. Pettee Investors Inc. purchased a new stake in Polaris Industries during the third quarter worth $628,000. Finally, Northwest Wealth Management LLC boosted its position in Polaris Industries by 33.4% during the third quarter. Northwest Wealth Management LLC now owns 4,943 shares of the company’s stock worth $517,000 after purchasing an additional 1,238 shares in the last quarter. Hedge funds and other institutional investors own 90.91% 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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