Wall Street analysts expect that Polaris Industries Inc. (NYSE:PII) will announce earnings per share (EPS) of $0.97 for the current quarter, according to Zacks. Eight analysts have issued estimates for Polaris Industries’ earnings. The highest EPS estimate is $1.22 and the lowest is $0.88. Polaris Industries posted earnings of $1.06 per share during the same quarter last year, which would suggest a negative year over year growth rate of 8.5%. The company is expected to announce 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 financial year, analysts expect that the company will post earnings of $7.01 per share, with EPS estimates ranging from $6.75 to $7.54. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Polaris Industries.
Polaris Industries (NYSE:PII) last issued its quarterly earnings results 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. Polaris Industries had a return on equity of 45.91% and a net margin of 5.52%. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the business earned $1.47 EPS. The business’s quarterly revenue was up 13.7% on a year-over-year basis.
A number of equities research analysts have recently weighed in on PII shares. Citigroup lowered their price target on Polaris Industries from $126.00 to $104.00 and set a “buy” rating for the company in a report on Tuesday, October 30th. B. Riley upgraded Polaris Industries from a “neutral” rating to a “buy” rating and set a $126.00 price target for the company in a report on Tuesday, October 23rd. Lake Street Capital set a $124.00 price target on Polaris Industries and gave the company a “buy” rating in a report on Monday, October 22nd. TheStreet downgraded Polaris Industries from a “b-” rating to a “c+” rating in a report on Friday, January 4th. Finally, Northcoast Research reiterated a “hold” rating on shares of Polaris Industries in a report on Saturday, October 20th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Polaris Industries currently has an average rating of “Hold” and a consensus target price of $104.17.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Polaris Industries by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,215,683 shares of the company’s stock valued at $627,474,000 after purchasing an additional 91,409 shares during the period. Vanguard Group Inc boosted its position in Polaris Industries by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 6,215,683 shares of the company’s stock worth $627,474,000 after acquiring an additional 91,409 shares during the period. BlackRock Inc. boosted its position in Polaris Industries by 0.4% during the 3rd quarter. BlackRock Inc. now owns 5,778,660 shares of the company’s stock worth $583,356,000 after acquiring an additional 24,295 shares during the period. The Manufacturers Life Insurance Company boosted its position in Polaris Industries by 3.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,438,104 shares of the company’s stock worth $548,977,000 after acquiring an additional 186,125 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Polaris Industries by 1.5% during the 3rd quarter. Wells Fargo & Company MN now owns 2,971,943 shares of the company’s stock worth $300,017,000 after acquiring an additional 43,617 shares during the period. Institutional investors and hedge funds own 81.89% of the company’s stock.
Shares of NYSE PII traded down $0.93 during trading on Friday, reaching $82.94. The stock had a trading volume of 534,569 shares, compared to its average volume of 674,722. Polaris Industries has a one year low of $70.27 and a one year high of $131.25. The company has a current ratio of 1.24, a quick ratio of 0.43 and a debt-to-equity ratio of 2.19. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 0.91 and a beta of 1.14.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be given a dividend of $0.61 per share. The ex-dividend date is Thursday, February 28th. This represents a $2.44 dividend on an annualized basis and a yield of 2.94%. This is a positive change from Polaris Industries’s previous quarterly dividend of $0.60. Polaris Industries’s payout ratio is currently 36.59%.
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.
Read More: Penny Stocks
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Polaris Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries and related companies with MarketBeat.com's FREE daily email newsletter.