Equities analysts expect Polaris Industries Inc. (NYSE:PII) to post $1.21 billion in sales for the current quarter, Zacks reports. Eight analysts have made estimates for Polaris Industries’ earnings. The highest sales estimate is $1.23 billion and the lowest is $1.20 billion. Polaris Industries reported sales of $1.15 billion during the same quarter last year, which indicates a positive year over year growth rate of 5.2%. The firm is expected to report its next earnings report on Tuesday, April 24th.
On average, analysts expect that Polaris Industries will report full-year sales of $1.21 billion for the current financial year, with estimates ranging from $5.50 billion to $5.78 billion. For the next year, analysts anticipate that the company will post sales of $5.95 billion per share, with estimates ranging from $5.89 billion to $6.02 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Polaris Industries.
Polaris Industries (NYSE:PII) last released its quarterly earnings data on Tuesday, January 30th. The company reported $1.47 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.47. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Polaris Industries had a return on equity of 35.38% and a net margin of 3.18%. Polaris Industries’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 earnings per share.
Large investors have recently modified their holdings of the business. Calton & Associates Inc. acquired a new stake in Polaris Industries in the 4th quarter worth about $112,000. Gradient Investments LLC acquired a new stake in Polaris Industries in the 4th quarter worth about $113,000. Delpha Capital Management LLC acquired a new stake in Polaris Industries in the 4th quarter worth about $120,000. NuWave Investment Management LLC acquired a new stake in Polaris Industries in the 4th quarter worth about $123,000. Finally, Assetmark Inc. boosted its stake in Polaris Industries by 1,097.8% in the 4th quarter. Assetmark Inc. now owns 1,078 shares of the company’s stock worth $134,000 after buying an additional 988 shares during the last quarter. 84.24% of the stock is currently owned by hedge funds and other institutional investors.
Polaris Industries (PII) traded up $4.20 during trading on Wednesday, reaching $122.73. The company’s stock had a trading volume of 742,831 shares, compared to its average volume of 922,672. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.11 and a quick ratio of 0.42. The firm has a market capitalization of $8,010.00, a price-to-earnings ratio of 34.57, a price-to-earnings-growth ratio of 1.29 and a beta of 1.20. Polaris Industries has a 12 month low of $77.91 and a 12 month high of $137.66.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.96%. This is a positive change from Polaris Industries’s previous quarterly dividend of $0.58. The ex-dividend date is Wednesday, February 28th. Polaris Industries’s dividend payout ratio (DPR) is presently 67.61%.
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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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