Polaris Industries Inc. (NYSE:PII) – Stock analysts at B. Riley issued their Q1 2017 earnings per share estimates for Polaris Industries in a research report issued to clients and investors on Wednesday. B. Riley analyst J. Baker anticipates that the firm will post earnings per share of $0.73 for the quarter. B. Riley currently has a “Neutral” rating and a $82.00 price target on the stock. B. Riley also issued estimates for Polaris Industries’ Q2 2017 earnings at $1.07 EPS, Q3 2017 earnings at $1.38 EPS, Q4 2017 earnings at $1.32 EPS, FY2017 earnings at $4.50 EPS, Q1 2018 earnings at $0.78 EPS, Q2 2018 earnings at $1.19 EPS and Q4 2018 earnings at $1.48 EPS.
A number of other research firms have also issued reports on PII. Jefferies Group LLC set a $78.00 price target on Polaris Industries and gave the company a “hold” rating in a research report on Sunday, December 18th. BMO Capital Markets upgraded Polaris Industries from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $70.00 to $100.00 in a research report on Wednesday, January 11th. Cleveland Research began coverage on Polaris Industries in a research report on Wednesday, December 21st. They issued a “neutral” rating for the company. Wedbush set a $77.00 price objective on Polaris Industries and gave the stock a “hold” rating in a research report on Thursday, October 13th. Finally, Zacks Investment Research upgraded Polaris Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 15th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $85.43.
Polaris Industries (NYSE:PII) traded down 1.49% on Friday, hitting $85.84. The stock had a trading volume of 474,888 shares. Polaris Industries has a 52-week low of $70.14 and a 52-week high of $104.25. The firm’s 50-day moving average is $84.26 and its 200-day moving average is $84.44. The company has a market cap of $5.46 billion, a P/E ratio of 26.25 and a beta of 1.25.
Polaris Industries (NYSE:PII) last released its quarterly earnings results on Tuesday, January 24th. The company reported $1.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.01. The firm earned $1.22 billion during the quarter, compared to analyst estimates of $1.08 billion. Polaris Industries had a return on equity of 24.82% and a net margin of 4.71%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.66 EPS.
Several institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company purchased a new position in shares of Polaris Industries during the third quarter valued at about $247,958,000. Capital Research Global Investors purchased a new position in shares of Polaris Industries during the second quarter valued at about $94,029,000. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Polaris Industries by 1,400.6% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,219,076 shares of the company’s stock valued at $94,405,000 after buying an additional 1,137,838 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Polaris Industries during the second quarter valued at about $69,813,000. Finally, Schroder Investment Management Group raised its position in shares of Polaris Industries by 215.8% in the third quarter. Schroder Investment Management Group now owns 667,080 shares of the company’s stock valued at $51,659,000 after buying an additional 455,837 shares during the last quarter. 93.58% of the stock is currently owned by institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be issued 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 dividend yield of 2.66%. Polaris Industries’s dividend payout ratio (DPR) is presently 67.28%.
About Polaris Industries
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.