Polaris Industries Inc. (NYSE:PII) Expected to Announce Earnings of $1.79 Per Share

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Equities research analysts predict that Polaris Industries Inc. (NYSE:PII) will post earnings per share of $1.79 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Polaris Industries’ earnings, with the lowest EPS estimate coming in at $1.76 and the highest estimate coming in at $1.82. Polaris Industries posted earnings of $1.83 per share in the same quarter last year, which indicates a negative year over year growth rate of 2.2%. The business is expected to report its next quarterly earnings results on Tuesday, February 4th.

On average, analysts expect that Polaris Industries will report full year earnings of $6.28 per share for the current year, with EPS estimates ranging from $6.25 to $6.30. For the next year, analysts expect that the firm will report earnings of $6.81 per share, with EPS estimates ranging from $6.50 to $7.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Polaris Industries.

Polaris Industries (NYSE:PII) last released its earnings results on Tuesday, October 22nd. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.58 by $0.10. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Polaris Industries had a return on equity of 42.27% and a net margin of 4.74%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.86 earnings per share.

Several equities research analysts have weighed in on the stock. ValuEngine raised shares of Polaris Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Polaris Industries in a research report on Wednesday, October 23rd. Lake Street Capital raised their price objective on Polaris Industries from $112.00 to $118.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Raymond James boosted their price objective on Polaris Industries from $108.00 to $117.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 23rd. Finally, Zacks Investment Research upgraded shares of Polaris Industries from a “sell” rating to a “hold” rating and set a $113.00 price objective on the stock in a report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $109.46.

Shares of NYSE PII opened at $95.93 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 1.77. The firm has a market cap of $5.98 billion, a PE ratio of 14.62, a P/E/G ratio of 1.30 and a beta of 1.46. The company’s fifty day simple moving average is $98.69 and its 200 day simple moving average is $89.80. Polaris Industries has a 12-month low of $70.27 and a 12-month high of $104.25.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.54%. The ex-dividend date is Friday, November 29th. Polaris Industries’s dividend payout ratio (DPR) is presently 37.20%.

A number of hedge funds have recently modified their holdings of the business. Doyle Wealth Management purchased a new position in shares of Polaris Industries in the 2nd quarter worth approximately $30,000. FTB Advisors Inc. lifted its holdings in Polaris Industries by 140.1% during the second quarter. FTB Advisors Inc. now owns 389 shares of the company’s stock worth $35,000 after acquiring an additional 227 shares during the period. Synovus Financial Corp boosted 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 worth $47,000 after purchasing an additional 516 shares during the last quarter. Stonebridge Capital Advisors LLC purchased a new position in Polaris Industries in the second quarter worth $47,000. Finally, Coastal Investment Advisors Inc. boosted its position in Polaris Industries by 88.5% in the second quarter. Coastal Investment Advisors Inc. now owns 526 shares of the company’s stock worth $49,000 after purchasing an additional 247 shares during the last quarter. 75.74% of the stock is owned by institutional investors and hedge funds.

Polaris Industries Company Profile

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.

Read More: Do equity income investments outperform growth and income investments?

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

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