Analysts Anticipate Polaris Industries Inc. (NYSE:PII) Will Announce Quarterly Sales of $1.78 Billion

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Equities research analysts expect that Polaris Industries Inc. (NYSE:PII) will post sales of $1.78 billion for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Polaris Industries’ earnings. The highest sales estimate is $1.79 billion and the lowest is $1.77 billion. Polaris Industries reported sales of $1.65 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 7.9%. The company is scheduled to issue its next quarterly earnings results on Monday, October 28th.

According to Zacks, analysts expect that Polaris Industries will report full-year sales of $6.84 billion for the current year, with estimates ranging from $6.76 billion to $6.86 billion. For the next year, analysts forecast that the business will report sales of $7.11 billion, with estimates ranging from $7.06 billion to $7.16 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Polaris Industries.

Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $1.73 EPS for the quarter, beating the Zacks’ consensus estimate 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 the consensus estimate of $1.77 billion. During the same quarter in the prior year, the company posted $1.77 EPS. The company’s quarterly revenue was up 18.4% compared to the same quarter last year.

PII has been the subject of a number of research analyst reports. Citigroup upped their price objective on shares of Polaris Industries from $104.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Zacks Investment Research raised shares of Polaris Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, July 26th. TheStreet raised shares of Polaris Industries from a “c+” rating to a “b-” rating in a research report on Monday, April 22nd. ValuEngine downgraded shares of Polaris Industries from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Wells Fargo & Co increased their target price on shares of Polaris Industries from $90.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Polaris Industries has a consensus rating of “Buy” and a consensus price target of $106.42.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Doyle Wealth Management acquired a new stake in Polaris Industries in the second quarter valued at approximately $30,000. FTB Advisors Inc. grew its position in Polaris Industries by 140.1% in the second quarter. FTB Advisors Inc. now owns 389 shares of the company’s stock valued at $35,000 after acquiring an additional 227 shares in the last quarter. Synovus Financial Corp grew its position in Polaris Industries by 25,800.0% in the second quarter. Synovus Financial Corp now owns 518 shares of the company’s stock valued at $47,000 after acquiring an additional 516 shares in the last quarter. Stonebridge Capital Advisors LLC acquired a new stake in Polaris Industries in the second quarter valued at approximately $47,000. Finally, Litman Gregory Asset Management LLC acquired a new stake in Polaris Industries in the second quarter valued at approximately $49,000. 78.93% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE PII traded down $1.20 on Tuesday, reaching $79.91. 1,647,900 shares of the company traded hands, compared to its average volume of 814,734. Polaris Industries has a fifty-two week low of $70.27 and a fifty-two week high of $115.40. The company has a 50 day moving average of $88.62 and a 200 day moving average of $88.75. The company has a current ratio of 1.18, a quick ratio of 0.33 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $4.96 billion, a PE ratio of 12.18, a P/E/G ratio of 1.09 and a beta of 1.38.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Friday, August 30th. Polaris Industries’s dividend payout ratio (DPR) is presently 37.20%.

About Polaris Industries

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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