Wall Street brokerages expect Polaris Industries Inc. (NYSE:PII) to report sales of $1.33 billion for the current quarter, Zacks reports. Six analysts have made estimates for Polaris Industries’ earnings, with the highest sales estimate coming in at $1.42 billion and the lowest estimate coming in at $1.25 billion. Polaris Industries reported sales of $1.78 billion in the same quarter last year, which indicates a negative year over year growth rate of 25.3%. The company is scheduled to announce its next earnings results before the market opens on Tuesday, July 28th.
According to Zacks, analysts expect that Polaris Industries will report full-year sales of $5.95 billion for the current fiscal year, with estimates ranging from $5.76 billion to $6.22 billion. For the next fiscal year, analysts expect that the company will report sales of $6.60 billion, with estimates ranging from $6.35 billion to $6.98 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Polaris Industries.
Polaris Industries (NYSE:PII) last released its earnings results on Tuesday, April 28th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.33). Polaris Industries had a net margin of 4.04% and a return on equity of 33.41%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the firm posted $1.08 earnings per share. Polaris Industries’s revenue for the quarter was down 6.1% compared to the same quarter last year.
A number of equities research analysts recently issued reports on the stock. Raymond James boosted their target price on shares of Polaris Industries from $108.00 to $114.00 and gave the company a “strong-buy” rating in a report on Tuesday, June 16th. Lake Street Capital restated a “buy” rating and issued a $107.00 target price (up from $82.00) on shares of Polaris Industries in a report on Wednesday, June 3rd. Zacks Investment Research upgraded shares of Polaris Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 26th. Royal Bank of Canada reiterated a “hold” rating and set a $64.00 price objective on shares of Polaris Industries in a research note on Wednesday, March 18th. Finally, UBS Group decreased their price objective on shares of Polaris Industries from $114.00 to $86.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $87.23.
Polaris Industries stock traded up $0.58 during trading on Friday, reaching $92.84. The company had a trading volume of 8,412 shares, compared to its average volume of 932,919. Polaris Industries has a 12-month low of $37.35 and a 12-month high of $104.37. The stock’s 50 day moving average price is $87.87 and its two-hundred day moving average price is $81.61. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 21.31 and a beta of 2.10. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.50 and a current ratio of 1.31.
The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were given a dividend of $0.62 per share. The ex-dividend date was Thursday, June 4th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.67%. Polaris Industries’s payout ratio is currently 39.24%.
In other news, SVP Christopher Musso sold 5,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $95.00, for a total transaction of $475,000.00. Following the transaction, the senior vice president now directly owns 28,367 shares of the company’s stock, valued at $2,694,865. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.20% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its holdings in Polaris Industries by 0.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,025 shares of the company’s stock valued at $1,528,000 after acquiring an additional 107 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in Polaris Industries by 1.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 8,900 shares of the company’s stock valued at $905,000 after acquiring an additional 128 shares in the last quarter. Krane Funds Advisors LLC raised its holdings in Polaris Industries by 2.7% in the first quarter. Krane Funds Advisors LLC now owns 5,720 shares of the company’s stock valued at $275,000 after acquiring an additional 150 shares in the last quarter. People s United Financial Inc. raised its holdings in Polaris Industries by 2.5% in the first quarter. People s United Financial Inc. now owns 6,229 shares of the company’s stock valued at $300,000 after acquiring an additional 150 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in shares of Polaris Industries by 0.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 51,459 shares of the company’s stock worth $5,233,000 after purchasing an additional 179 shares during the period. 74.11% of the stock is currently owned by institutional investors and hedge funds.
Polaris Industries Company Profile
Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.
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