Polaris Industries (NYSE:PII) – Investment analysts at B. Riley raised their Q2 2018 earnings per share estimates for Polaris Industries in a report issued on Wednesday, April 25th. B. Riley analyst E. Wold now anticipates that the company will post earnings of $1.55 per share for the quarter, up from their prior estimate of $1.54. B. Riley currently has a “Hold” rating and a $118.00 price target on the stock. B. Riley also issued estimates for Polaris Industries’ Q1 2019 earnings at $1.20 EPS, Q2 2019 earnings at $1.69 EPS, Q3 2019 earnings at $1.96 EPS, Q4 2019 earnings at $1.82 EPS and FY2019 earnings at $6.66 EPS.
Several other equities research analysts have also commented on the stock. TheStreet raised shares of Polaris Industries from a “c+” rating to a “b” rating in a report on Tuesday. Zacks Investment Research raised shares of Polaris Industries from a “sell” rating to a “hold” rating in a report on Friday, April 20th. Stifel Nicolaus reaffirmed a “hold” rating and set a $114.00 target price (up previously from $112.00) on shares of Polaris Industries in a report on Friday, April 13th. BMO Capital Markets reaffirmed a “hold” rating and set a $125.00 target price (up previously from $105.00) on shares of Polaris Industries in a report on Monday, April 9th. Finally, Wells Fargo raised shares of Polaris Industries from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 6th. Fifteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $114.13.
Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Tuesday, April 24th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.87 by $0.19. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.22 billion. Polaris Industries had a net margin of 4.15% and a return on equity of 36.32%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 EPS.
Hedge funds have recently made changes to their positions in the company. WINTON GROUP Ltd acquired a new position in shares of Polaris Industries during the 4th quarter valued at about $6,145,000. Chicago Equity Partners LLC acquired a new position in shares of Polaris Industries during the 4th quarter valued at about $5,275,000. SG Americas Securities LLC boosted its position in shares of Polaris Industries by 203.1% during the 4th quarter. SG Americas Securities LLC now owns 33,898 shares of the company’s stock valued at $4,203,000 after acquiring an additional 22,715 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Polaris Industries by 4.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock valued at $651,773,000 after acquiring an additional 202,244 shares during the last quarter. Finally, Navellier & Associates Inc acquired a new position in shares of Polaris Industries during the 4th quarter valued at about $1,220,000. 85.22% of the stock is currently owned by hedge funds and other institutional investors.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.26%. Polaris Industries’s payout ratio is 49.48%.
Polaris Industries Company Profile
Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. The company operates through four segments: Off-Road Vehicles (ORVs)/Snowmobiles, Motorcycles, Global Adjacent Markets, and Aftermarket. It offers ORVs, including all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; motorcycles; and low emission, light duty hauling, passenger, commercial, and industrial vehicles, as well as snow bike conversion kit systems.
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