Polaris Industries Inc. (PII) Expected to Announce Earnings of $0.97 Per Share

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Brokerages expect that Polaris Industries Inc. (NYSE:PII) will report $0.97 earnings per share for the current quarter, Zacks reports. Eight analysts have provided estimates for Polaris Industries’ earnings, with the lowest EPS estimate coming in at $0.88 and the highest estimate coming in at $1.22. Polaris Industries reported earnings per share of $1.06 during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.5%. The firm is expected to issue its next quarterly earnings results on Tuesday, April 23rd.

On average, analysts expect that Polaris Industries will report full-year earnings of $6.32 per share for the current year, with EPS estimates ranging from $6.10 to $7.30. For the next fiscal year, analysts forecast that the company will report earnings of $7.01 per share, with EPS estimates ranging from $6.75 to $7.54. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Polaris Industries.

Polaris Industries (NYSE:PII) last issued its quarterly earnings data on Tuesday, January 29th. The company reported $1.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.01. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.66 billion. Polaris Industries had a return on equity of 45.91% and a net margin of 5.52%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.47 earnings per share.

A number of research analysts have recently weighed in on the company. Wells Fargo & Co cut their price objective on Polaris Industries from $125.00 to $115.00 and set an “outperform” rating for the company in a research report on Tuesday, October 23rd. SunTrust Banks cut their price objective on Polaris Industries to $100.00 and set a “hold” rating for the company in a research report on Tuesday, October 23rd. Longbow Research restated a “hold” rating on shares of Polaris Industries in a research report on Tuesday, October 23rd. B. Riley upgraded Polaris Industries from a “neutral” rating to a “buy” rating and set a $126.00 price objective for the company in a research report on Tuesday, October 23rd. Finally, Raymond James upgraded Polaris Industries from a “market perform” rating to a “strong-buy” rating in a research report on Friday, October 26th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $104.17.

Shares of Polaris Industries stock opened at $82.90 on Friday. The stock has a market cap of $5.12 billion, a PE ratio of 12.64, a PEG ratio of 0.90 and a beta of 1.14. The company has a quick ratio of 0.43, a current ratio of 1.24 and a debt-to-equity ratio of 2.19. Polaris Industries has a twelve month low of $70.27 and a twelve month high of $131.25.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be paid a $0.61 dividend. The ex-dividend date is Thursday, February 28th. This represents a $2.44 annualized dividend and a yield of 2.94%. This is an increase from Polaris Industries’s previous quarterly dividend of $0.60. Polaris Industries’s dividend payout ratio (DPR) is presently 36.59%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State of Tennessee Treasury Department lifted its stake in Polaris Industries by 2.0% in the fourth quarter. State of Tennessee Treasury Department now owns 125,266 shares of the company’s stock worth $9,605,000 after purchasing an additional 2,490 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Polaris Industries by 0.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 57,495 shares of the company’s stock worth $4,409,000 after purchasing an additional 144 shares during the last quarter. AlphaCrest Capital Management LLC bought a new stake in Polaris Industries in the fourth quarter worth about $213,000. Texas Permanent School Fund lifted its stake in Polaris Industries by 3.2% in the fourth quarter. Texas Permanent School Fund now owns 38,003 shares of the company’s stock worth $2,914,000 after purchasing an additional 1,188 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Polaris Industries by 17.5% in the fourth quarter. Bank of New York Mellon Corp now owns 916,348 shares of the company’s stock worth $70,266,000 after purchasing an additional 136,702 shares during the last quarter. 85.57% of the stock is owned by institutional investors and hedge funds.

About Polaris Industries

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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