$1.78 Billion in Sales Expected for Polaris Industries Inc. (PII) This Quarter

Wall Street analysts predict that Polaris Industries Inc. (NYSE:PII) will post sales of $1.78 billion for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Polaris Industries’ earnings. The highest sales estimate is $1.80 billion and the lowest is $1.77 billion. Polaris Industries posted sales of $1.50 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 18.7%. The business is scheduled to report its next quarterly earnings results on Wednesday, July 24th.

According to Zacks, analysts expect that Polaris Industries will report full year sales of $6.80 billion for the current financial year, with estimates ranging from $6.76 billion to $6.84 billion. For the next fiscal year, analysts forecast that the company will post sales of $7.06 billion, with estimates ranging from $7.02 billion to $7.11 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Polaris Industries.

Polaris Industries (NYSE:PII) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.16. Polaris Industries had a return on equity of 46.89% and a net margin of 5.22%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the firm posted $1.08 earnings per share. The business’s revenue for the quarter was up 15.3% on a year-over-year basis.



A number of equities analysts have recently issued reports on PII shares. ValuEngine downgraded Polaris Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Northcoast Research restated a “neutral” rating on shares of Polaris Industries in a research note on Friday, March 29th. Zacks Investment Research upgraded Polaris Industries from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. TheStreet upgraded Polaris Industries from a “c+” rating to a “b-” rating in a research note on Monday, April 22nd. Finally, Goldman Sachs Group initiated coverage on Polaris Industries in a research note on Wednesday, April 24th. They issued a “buy” rating and a $123.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $109.69.

Shares of PII traded up $0.95 during mid-day trading on Monday, reaching $89.74. 11,246 shares of the company were exchanged, compared to its average volume of 734,071. Polaris Industries has a 52 week low of $70.27 and a 52 week high of $131.25. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.31 and a quick ratio of 0.39. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 0.92 and a beta of 1.17.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.61 per share. The ex-dividend date is Friday, May 31st. This represents a $2.44 annualized dividend and a yield of 2.72%. Polaris Industries’s dividend payout ratio (DPR) is presently 37.20%.

In related news, insider Stephen L. Eastman sold 8,028 shares of Polaris Industries stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $97.97, for a total transaction of $786,503.16. Following the transaction, the insider now directly owns 17,706 shares in the company, valued at $1,734,656.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin M. Farr bought 1,125 shares of the stock in a transaction that occurred on Tuesday, February 26th. The shares were bought at an average price of $88.59 per share, for a total transaction of $99,663.75. Following the completion of the transaction, the director now directly owns 15,604 shares of the company’s stock, valued at approximately $1,382,358.36. The disclosure for this purchase can be found here. 2.90% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of PII. Fifth Third Bancorp raised its position in shares of Polaris Industries by 2.7% during the 1st quarter. Fifth Third Bancorp now owns 4,576 shares of the company’s stock worth $386,000 after purchasing an additional 121 shares during the last quarter. CAPROCK Group Inc. boosted its holdings in shares of Polaris Industries by 3.1% during the first quarter. CAPROCK Group Inc. now owns 4,192 shares of the company’s stock worth $354,000 after purchasing an additional 128 shares during the period. Arizona State Retirement System boosted its holdings in shares of Polaris Industries by 0.3% during the fourth quarter. Arizona State Retirement System now owns 41,682 shares of the company’s stock worth $3,196,000 after purchasing an additional 137 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Polaris Industries by 0.3% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 57,495 shares of the company’s stock worth $4,409,000 after purchasing an additional 144 shares during the period. Finally, Alexandria Capital LLC boosted its holdings in shares of Polaris Industries by 0.9% during the first quarter. Alexandria Capital LLC now owns 16,282 shares of the company’s stock worth $1,375,000 after purchasing an additional 150 shares during the period. 80.00% of the stock is currently 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.

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

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