Polaris Industries Inc. (NYSE:PII) – Equities researchers at Northcoast Research boosted their Q3 2018 earnings estimates for shares of Polaris Industries in a research note issued to investors on Thursday. Northcoast Research analyst S. Woolf now anticipates that the company will post earnings per share of $1.84 for the quarter, up from their previous forecast of $1.79. Northcoast Research currently has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Polaris Industries’ Q4 2018 earnings at $1.34 EPS.
Polaris Industries (NYSE:PII) last posted its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. The company’s revenue was up 20.7% on a year-over-year basis.
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Several other analysts also recently commented on the company. B. Riley restated a “neutral” rating and issued a $91.00 target price on shares of Polaris Industries in a research note on Friday, July 21st. Royal Bank Of Canada restated a “sell” rating and issued a $80.00 target price on shares of Polaris Industries in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded Polaris Industries from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research note on Friday, September 29th. Stifel Nicolaus raised their target price on Polaris Industries from $82.00 to $86.00 and gave the company a “hold” rating in a research note on Friday, July 14th. Finally, KeyCorp restated a “hold” rating on shares of Polaris Industries in a research note on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. Polaris Industries has a consensus rating of “Hold” and a consensus price target of $91.31.
Polaris Industries (NYSE PII) opened at 103.99 on Monday. The firm has a 50-day moving average price of $100.36 and a 200-day moving average price of $90.37. The firm has a market capitalization of $6.51 billion, a PE ratio of 43.49 and a beta of 1.31. Polaris Industries has a 1-year low of $73.07 and a 1-year high of $108.46.
A number of hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc boosted its stake in Polaris Industries by 1.0% during the 2nd quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock valued at $118,000 after purchasing an additional 13 shares during the last quarter. Sheets Smith Wealth Management boosted its stake in shares of Polaris Industries by 0.6% in the 2nd quarter. Sheets Smith Wealth Management now owns 2,454 shares of the company’s stock worth $226,000 after buying an additional 14 shares during the last quarter. CAPROCK Group Inc. boosted its stake in shares of Polaris Industries by 0.5% in the 2nd quarter. CAPROCK Group Inc. now owns 4,990 shares of the company’s stock worth $460,000 after buying an additional 27 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of 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 buying an additional 35 shares during the last quarter. Finally, AMG Funds LLC boosted its stake in shares of 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 buying an additional 42 shares during the last quarter. Institutional investors and hedge funds own 95.20% of the company’s stock.
In related news, Director George W. Bilicic purchased 2,833 shares of the business’s stock in a transaction on Friday, August 25th. The stock was acquired at an average price of $95.18 per share, for a total transaction of $269,644.94. Following the purchase, the director now owns 2,833 shares of the company’s stock, valued at $269,644.94. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP James P. Williams sold 5,250 shares of Polaris Industries stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $93.24, for a total value of $489,510.00. Following the transaction, the senior vice president now owns 19,914 shares of the company’s stock, valued at approximately $1,856,781.36. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $2.32 dividend on an annualized basis and a yield of 2.23%. Polaris Industries’s dividend payout ratio (DPR) is currently 97.07%.
About Polaris Industries
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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