Q1 2017 EPS Estimates for Polaris Industries Inc. (PII) Decreased by Analyst

Q1 2017 EPS Estimates for Polaris Industries Inc. (PII) Decreased by Analyst

Polaris Industries Inc. (NYSE:PII) – Analysts at Feltl & Co. dropped their Q1 2017 earnings per share (EPS) estimates for Polaris Industries in a research note issued to investors on Wednesday. Feltl & Co. analyst M. Smith now expects that the brokerage will earn $0.50 per share for the quarter, down from their prior forecast of $0.76. Feltl & Co. also issued estimates for Polaris Industries’ Q3 2017 earnings at $1.21 EPS, FY2017 earnings at $4.35 EPS, Q1 2018 earnings at $0.70 EPS, Q2 2018 earnings at $1.41 EPS and Q4 2018 earnings at $1.62 EPS.

A number of other analysts also recently weighed in on the stock. Lake Street Capital increased their price target on shares of Polaris Industries from $85.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday. RBC Capital Markets set a $79.00 price target on shares of Polaris Industries and gave the company a “hold” rating in a report on Wednesday. Royal Bank Of Canada reduced their price target 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. Wunderlich downgraded shares of Polaris Industries from a “buy” rating to a “hold” rating and set a $85.00 price target for the company. in a report on Wednesday. Finally, Zacks Investment Research cut shares of Polaris Industries from a “hold” rating to a “sell” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $85.43.

Shares of Polaris Industries (NYSE:PII) traded down 1.49% during mid-day trading on Friday, hitting $85.84. 474,888 shares of the stock were exchanged. The company’s 50-day moving average is $84.26 and its 200-day moving average is $84.44. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 26.25 and a beta of 1.25. Polaris Industries has a 1-year low of $70.14 and a 1-year high of $104.25.

Polaris Industries (NYSE:PII) last posted its earnings results on Tuesday, January 24th. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 4.71% and a return on equity of 24.82%. Polaris Industries’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.66 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be paid 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 dividend payout ratio (DPR) is presently 67.28%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PII. Nationwide Fund Advisors raised its position in Polaris Industries by 4.5% in the third quarter. Nationwide Fund Advisors now owns 142,703 shares of the company’s stock valued at $11,051,000 after buying an additional 6,104 shares during the last quarter. Wells Fargo & Company MN raised its position in Polaris Industries by 12.1% in the third quarter. Wells Fargo & Company MN now owns 3,343,426 shares of the company’s stock valued at $258,915,000 after buying an additional 359,582 shares during the last quarter. US Bancorp DE raised its position in Polaris Industries by 13.3% in the third quarter. US Bancorp DE now owns 74,512 shares of the company’s stock valued at $5,770,000 after buying an additional 8,761 shares during the last quarter. Schroder Investment Management Group raised its position in 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. Finally, California State Teachers Retirement System raised its position in Polaris Industries by 0.9% in the third quarter. California State Teachers Retirement System now owns 128,478 shares of the company’s stock valued at $9,949,000 after buying an additional 1,100 shares during the last quarter. 93.58% of the stock is currently owned by institutional investors and hedge funds.

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.

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