Zacks: Analysts Anticipate Polaris Industries Inc. (PII) Will Post Earnings of $1.82 Per Share

Equities analysts expect Polaris Industries Inc. (NYSE:PII) to report earnings of $1.82 per share for the current quarter, according to Zacks. Nine analysts have provided estimates for Polaris Industries’ earnings, with the highest EPS estimate coming in at $1.89 and the lowest estimate coming in at $1.75. Polaris Industries reported earnings per share of $1.47 during the same quarter last year, which indicates a positive year-over-year growth rate of 23.8%. The company is expected to announce its next quarterly earnings results on Tuesday, January 29th.

According to Zacks, analysts expect that Polaris Industries will report full year earnings of $6.57 per share for the current fiscal year, with EPS estimates ranging from $6.50 to $6.65. For the next fiscal year, analysts anticipate that the company will report earnings of $7.10 per share, with EPS estimates ranging from $6.40 to $7.60. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Polaris Industries.

Polaris Industries (NYSE:PII) last posted its earnings results on Monday, October 22nd. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.29. Polaris Industries had a net margin of 4.68% and a return on equity of 43.14%. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the business posted $1.46 EPS. The business’s revenue was up 11.7% compared to the same quarter last year.

Several equities analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Polaris Industries from $118.00 to $123.00 and gave the company a “hold” rating in a research note on Tuesday, July 17th. BMO Capital Markets reiterated a “hold” rating and issued a $110.00 target price on shares of Polaris Industries in a research note on Thursday, July 26th. ValuEngine cut shares of Polaris Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Wells Fargo & Co decreased their target price on shares of Polaris Industries from $132.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, July 26th. Finally, SunTrust Banks decreased their target price on shares of Polaris Industries to $115.00 and set a “positive” rating for the company in a research note on Thursday, July 26th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $111.23.

PII opened at $95.52 on Friday. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 2.00. Polaris Industries has a 1 year low of $84.63 and a 1 year high of $137.66. The firm has a market capitalization of $5.91 billion, a P/E ratio of 19.69, a PEG ratio of 0.97 and a beta of 1.01.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Friday, November 30th. Polaris Industries’s dividend payout ratio is presently 49.48%.

Large investors have recently bought and sold shares of the business. Squar Milner Financial Services LLC acquired a new position in Polaris Industries during the second quarter worth $108,000. Columbia Asset Management acquired a new position in Polaris Industries during the third quarter worth $164,000. Laurel Wealth Advisors Inc. acquired a new position in Polaris Industries during the second quarter worth $203,000. Engineers Gate Manager LP acquired a new position in Polaris Industries during the second quarter worth $208,000. Finally, Hartford Investment Management Co. acquired a new position in Polaris Industries during the second quarter worth $216,000. Institutional investors own 84.07% of the company’s stock.

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

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