Zacks: Brokerages Expect Polaris Industries Inc. (NYSE:PII) to Announce $0.57 EPS

Equities analysts predict that Polaris Industries Inc. (NYSE:PII) will report earnings of $0.57 per share for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Polaris Industries’ earnings. The lowest EPS estimate is $0.47 and the highest is $0.74. Polaris Industries posted earnings per share of $1.73 during the same quarter last year, which indicates a negative year over year growth rate of 67.1%. The firm is scheduled to announce its next earnings results before the market opens on Tuesday, July 28th.

On average, analysts expect that Polaris Industries will report full-year earnings of $3.52 per share for the current fiscal year, with EPS estimates ranging from $2.90 to $4.37. For the next fiscal year, analysts anticipate that the firm will report earnings of $5.56 per share, with EPS estimates ranging from $4.90 to $6.00. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Polaris Industries.

Polaris Industries (NYSE:PII) last issued its earnings results on Tuesday, April 28th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.33). The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. Polaris Industries had a net margin of 4.04% and a return on equity of 33.41%. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 earnings per share.

PII has been the subject of several recent research reports. UBS Group reduced their price target on Polaris Industries from $114.00 to $86.00 and set a “buy” rating for the company in a research report on Monday, May 18th. SunTrust Banks lifted their price target on Polaris Industries from $56.00 to $68.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. BMO Capital Markets boosted their target price on Polaris Industries from $70.00 to $84.00 and gave the stock a “market perform” rating in a research report on Thursday, June 18th. Wells Fargo & Co boosted their target price on Polaris Industries from $65.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, KeyCorp boosted their target price on Polaris Industries from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $87.23.

In other news, SVP Christopher Musso sold 5,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $95.00, for a total value of $475,000.00. Following the completion of the transaction, the senior vice president now directly owns 28,367 shares in the company, valued at approximately $2,694,865. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.20% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. New Mexico Educational Retirement Board boosted its holdings in shares of Polaris Industries by 38.4% in the 1st quarter. New Mexico Educational Retirement Board now owns 13,700 shares of the company’s stock worth $660,000 after purchasing an additional 3,800 shares in the last quarter. Confluence Investment Management LLC lifted its stake in shares of Polaris Industries by 8.4% in the 1st quarter. Confluence Investment Management LLC now owns 1,260,497 shares of the company’s stock valued at $60,693,000 after acquiring an additional 97,426 shares during the last quarter. Optimal Asset Management Inc. lifted its stake in shares of Polaris Industries by 61.0% in the 1st quarter. Optimal Asset Management Inc. now owns 28,931 shares of the company’s stock valued at $1,393,000 after acquiring an additional 10,963 shares during the last quarter. State of Tennessee Treasury Department lifted its stake in shares of Polaris Industries by 52.6% in the 1st quarter. State of Tennessee Treasury Department now owns 20,620 shares of the company’s stock valued at $993,000 after acquiring an additional 7,110 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in shares of Polaris Industries by 6.2% in the 1st quarter. Coldstream Capital Management Inc. now owns 10,909 shares of the company’s stock valued at $525,000 after acquiring an additional 634 shares during the last quarter. Hedge funds and other institutional investors own 74.11% of the company’s stock.

Shares of NYSE PII traded up $0.58 during mid-day trading on Thursday, hitting $92.84. The company had a trading volume of 8,412 shares, compared to its average volume of 932,919. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of 21.31 and a beta of 2.10. Polaris Industries has a 1 year low of $37.35 and a 1 year high of $104.37. The company has a current ratio of 1.31, a quick ratio of 0.50 and a debt-to-equity ratio of 2.07. The stock’s 50-day moving average price is $87.87 and its 200-day moving average price is $81.61.

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Thursday, June 4th. Polaris Industries’s payout ratio is currently 39.24%.

About Polaris Industries

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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