Analysts Offer Predictions for Polaris Industries Inc.’s Q3 2018 Earnings (PII)

Analysts Offer Predictions for Polaris Industries Inc.’s Q3 2018 Earnings (PII)

Polaris Industries Inc. (NYSE:PII) – Analysts at B. Riley issued their Q3 2018 earnings per share (EPS) estimates for shares of Polaris Industries in a research note issued to investors on Wednesday. B. Riley analyst J. Baker expects that the brokerage will earn $1.66 per share for the quarter. B. Riley has a “Neutral” rating and a $82.00 price objective on the stock. B. Riley also issued estimates for Polaris Industries’ FY2018 earnings at $5.12 EPS.

A number of other research analysts have also weighed in on the stock. BMO Capital Markets raised shares of Polaris Industries to an “outperform” rating in a research note on Thursday, January 12th. Zacks Investment Research raised shares of Polaris Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 15th. Jefferies Group LLC reiterated a “hold” rating on shares of Polaris Industries in a report on Wednesday, November 16th. Royal Bank Of Canada lowered their target price on shares of Polaris Industries from $81.00 to $79.00 and set a “sector perform” rating for the company in a report on Wednesday. Finally, Wunderlich reiterated a “buy” rating and issued a $98.00 target price on shares of Polaris Industries in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $85.43.

Polaris Industries (NYSE:PII) traded down 0.78% during mid-day trading on Thursday, reaching $86.46. 936,351 shares of the company’s stock were exchanged. Polaris Industries has a 52-week low of $70.14 and a 52-week high of $104.25. The company has a 50-day moving average of $84.26 and a 200-day moving average of $84.44. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 26.44 and a beta of 1.25.

Polaris Industries (NYSE:PII) last announced its earnings results on Tuesday, January 24th. The company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.17 by $0.01. The business earned $1.22 billion during the quarter, compared to the consensus estimate of $1.08 billion. Polaris Industries had a net margin of 4.71% and a return on equity of 24.82%. Polaris Industries’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.66 EPS.

A number of large investors have recently made changes to their positions in the stock. Great Lakes Advisors LLC raised its stake in shares of Polaris Industries by 0.6% in the third quarter. Great Lakes Advisors LLC now owns 3,000 shares of the company’s stock valued at $232,000 after buying an additional 18 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of Polaris Industries by 0.5% in the third quarter. Capstone Asset Management Co. now owns 5,936 shares of the company’s stock valued at $460,000 after buying an additional 32 shares during the last quarter. Reliance Trust Co. of Delaware raised its stake in shares of Polaris Industries by 1.1% in the second quarter. Reliance Trust Co. of Delaware now owns 3,682 shares of the company’s stock valued at $301,000 after buying an additional 39 shares during the last quarter. Security National Bank of Sioux City Iowa IA raised its stake in shares of Polaris Industries by 1.1% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 5,760 shares of the company’s stock valued at $471,000 after buying an additional 60 shares during the last quarter. Finally, Camelot Portfolios LLC raised its stake in shares of Polaris Industries by 0.6% in the third quarter. Camelot Portfolios LLC now owns 11,393 shares of the company’s stock valued at $882,000 after buying an additional 72 shares during the last quarter. Institutional investors and hedge funds own 93.58% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be given a dividend of $0.58 per share. This is a positive change from Polaris Industries’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 2.66%. Polaris Industries’s payout ratio is presently 67.28%.

Polaris Industries Company Profile

Polaris Industries Inc (Polaris) designs, engineers and manufactures 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, together with the related parts, garments and accessories.

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