Brokerages Anticipate Polaris Industries Inc. (PII) to Post $1.47 EPS

Wall Street brokerages predict that Polaris Industries Inc. (NYSE:PII) will report earnings per share (EPS) of $1.47 for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Polaris Industries’ earnings, with the lowest EPS estimate coming in at $1.41 and the highest estimate coming in at $1.52. Polaris Industries posted earnings of $1.18 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 24.6%. The company is scheduled to report its next earnings report on Tuesday, January 23rd.

On average, analysts expect that Polaris Industries will report full year earnings of $4.85 per share for the current fiscal year, with EPS estimates ranging from $4.79 to $4.90. For the next financial year, analysts anticipate that the business will post earnings of $5.66 per share, with EPS estimates ranging from $5.25 to $6.30. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Polaris Industries.

Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Tuesday, October 24th. The company reported $1.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.24. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.40 billion. Polaris Industries had a net margin of 3.90% and a return on equity of 33.81%. The company’s revenue was up 24.8% on a year-over-year basis. During the same period last year, the firm earned $0.50 EPS.

A number of equities analysts have weighed in on PII shares. B. Riley upped their price objective on shares of Polaris Industries from $91.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Robert W. Baird lifted their price objective on shares of Polaris Industries from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. SunTrust Banks reiterated a “hold” rating and issued a $115.00 price objective on shares of Polaris Industries in a research report on Wednesday, October 25th. They noted that the move was a valuation call. Stifel Nicolaus lifted their price objective on shares of Polaris Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, Royal Bank of Canada boosted their target price on shares of Polaris Industries from $81.00 to $91.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $99.27.

Shares of Polaris Industries (NYSE PII) opened at $125.84 on Thursday. Polaris Industries has a twelve month low of $77.91 and a twelve month high of $134.66. The firm has a market cap of $7,831.54, a PE ratio of 39.70, a P/E/G ratio of 1.72 and a beta of 1.41. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 1.00.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Thursday, November 30th. Polaris Industries’s dividend payout ratio is currently 73.19%.

In other Polaris Industries news, SVP James P. Williams sold 20,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $127.08, for a total value of $2,541,600.00. Following the sale, the senior vice president now directly owns 22,664 shares of the company’s stock, valued at $2,880,141.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen L. Eastman sold 8,500 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $119.25, for a total value of $1,013,625.00. Following the completion of the transaction, the insider now directly owns 18,846 shares of the company’s stock, valued at approximately $2,247,385.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,102 shares of company stock worth $7,174,301. Corporate insiders own 2.20% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. lifted its stake in Polaris Industries by 0.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 8,523 shares of the company’s stock worth $786,000 after acquiring an additional 35 shares in the last quarter. AMG Funds LLC lifted its stake in Polaris Industries by 0.4% in the 2nd quarter. AMG Funds LLC now owns 11,805 shares of the company’s stock worth $1,089,000 after acquiring an additional 42 shares in the last quarter. TLP Group LLC lifted its stake in Polaris Industries by 1.7% in the 2nd quarter. TLP Group LLC now owns 4,475 shares of the company’s stock worth $413,000 after acquiring an additional 75 shares in the last quarter. Ffcm LLC lifted its stake in Polaris Industries by 6.4% in the 2nd quarter. Ffcm LLC now owns 1,415 shares of the company’s stock worth $131,000 after acquiring an additional 85 shares in the last quarter. Finally, Security National Bank of Sioux City Iowa IA lifted its stake in Polaris Industries by 1.3% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 7,649 shares of the company’s stock worth $706,000 after acquiring an additional 95 shares in the last quarter. 90.90% of the stock is owned by institutional investors and hedge funds.

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Polaris Industries Company Profile

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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Earnings History and Estimates for Polaris Industries (NYSE:PII)

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