Equities analysts predict that Polaris Industries Inc. (NYSE:PII) will announce sales of $1.78 billion for the current quarter, Zacks reports. Eight analysts have provided estimates for Polaris Industries’ earnings, with the highest sales estimate coming in at $1.81 billion and the lowest estimate coming in at $1.76 billion. Polaris Industries posted sales of $1.65 billion in the same quarter last year, which would indicate a positive year over year growth rate of 7.9%. The firm is scheduled to report its next quarterly earnings report on Monday, October 28th.
According to Zacks, analysts expect that Polaris Industries will report full-year sales of $6.82 billion for the current year, with estimates ranging from $6.76 billion to $6.86 billion. For the next year, analysts anticipate that the firm will report sales of $7.09 billion, with estimates ranging from $7.02 billion to $7.17 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Polaris Industries.
Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.07. Polaris Industries had a net margin of 4.94% and a return on equity of 45.12%. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the business posted $1.77 EPS. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis.
A number of brokerages have weighed in on PII. BMO Capital Markets decreased their price target on DXC Technology from $88.00 to $70.00 and set an “outperform” rating for the company in a report on Tuesday, May 21st. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 485 ($6.34) price target on shares of in a report on Tuesday, July 9th. Goldman Sachs Group set a $131.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Zacks Investment Research cut shares of Celestica from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Wedbush cut their price objective on shares of Polaris Industries from $117.00 to $105.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 9th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $107.79.
Polaris Industries stock traded up $0.34 during trading hours on Friday, reaching $93.53. 495,548 shares of the company’s stock were exchanged, compared to its average volume of 706,374. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.18 and a quick ratio of 0.39. The stock’s 50 day moving average price is $88.51. Polaris Industries has a twelve month low of $70.27 and a twelve month high of $115.40. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 1.02 and a beta of 1.32.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be issued a $0.61 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.44 annualized dividend and a yield of 2.61%. Polaris Industries’s dividend payout ratio (DPR) is 37.20%.
In related news, insider Stephen L. Eastman sold 8,028 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $97.97, for a total value of $786,503.16. Following the sale, the insider now owns 17,706 shares of the company’s stock, valued at $1,734,656.82. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.90% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the business. Private Capital Group LLC lifted its holdings in shares of Polaris Industries by 97.6% in the 1st quarter. Private Capital Group LLC now owns 889 shares of the company’s stock worth $75,000 after acquiring an additional 439 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in Polaris Industries during the 1st quarter worth about $84,000. Stevens First Principles Investment Advisors increased its position in Polaris Industries by 16.5% during the 2nd quarter. Stevens First Principles Investment Advisors now owns 1,060 shares of the company’s stock worth $97,000 after purchasing an additional 150 shares in the last quarter. Squar Milner Financial Services LLC increased its position in Polaris Industries by 33.4% during the 1st quarter. Squar Milner Financial Services LLC now owns 1,177 shares of the company’s stock worth $99,000 after purchasing an additional 295 shares in the last quarter. Finally, Columbia Asset Management purchased a new stake in Polaris Industries during the 1st quarter worth about $112,000. Institutional investors own 78.44% of the company’s stock.
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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