Polaris Industries Inc. to Post FY2019 Earnings of $6.26 Per Share, SunTrust Banks Forecasts (NYSE:PII)

Polaris Industries Inc. (NYSE:PII) – Research analysts at SunTrust Banks raised their FY2019 earnings per share estimates for shares of Polaris Industries in a research note issued to investors on Tuesday, October 22nd. SunTrust Banks analyst M. Swartz now anticipates that the company will post earnings per share of $6.26 for the year, up from their previous estimate of $6.24. SunTrust Banks also issued estimates for Polaris Industries’ Q1 2020 earnings at $1.11 EPS, Q2 2020 earnings at $2.00 EPS, Q3 2020 earnings at $1.81 EPS and Q4 2020 earnings at $1.92 EPS.

A number of other brokerages have also recently issued reports on PII. ValuEngine cut Polaris Industries from a “hold” rating to a “sell” rating in a research note on Thursday. KeyCorp set a $125.00 price objective on Polaris Industries and gave the company a “buy” rating in a research note on Tuesday, September 3rd. UBS Group raised Polaris Industries from a “neutral” rating to a “buy” rating and raised their price objective for the company from $97.00 to $105.00 in a research note on Wednesday, July 31st. Lake Street Capital raised their price objective on Polaris Industries from $112.00 to $118.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Raymond James raised their price objective on Polaris Industries from $108.00 to $117.00 and gave the company a “strong-buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $109.17.

Shares of NYSE:PII opened at $100.76 on Friday. The stock’s 50-day moving average price is $88.11 and its 200-day moving average price is $88.83. Polaris Industries has a 12-month low of $70.27 and a 12-month high of $103.29. The stock has a market capitalization of $6.22 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 1.36 and a beta of 1.46. The company has a current ratio of 1.13, a quick ratio of 0.33 and a debt-to-equity ratio of 1.77.

Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.10. Polaris Industries had a return on equity of 42.27% and a net margin of 4.74%. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period last year, the firm earned $1.86 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Doyle Wealth Management bought a new stake in shares of Polaris Industries in the second quarter worth about $30,000. FTB Advisors Inc. grew its stake in shares of Polaris Industries by 140.1% in the second quarter. FTB Advisors Inc. now owns 389 shares of the company’s stock worth $35,000 after purchasing an additional 227 shares during the last quarter. Synovus Financial Corp grew its stake in shares of Polaris Industries by 25,800.0% in the second quarter. Synovus Financial Corp now owns 518 shares of the company’s stock worth $47,000 after purchasing an additional 516 shares during the last quarter. Stonebridge Capital Advisors LLC bought a new stake in shares of Polaris Industries in the second quarter worth about $47,000. Finally, Litman Gregory Asset Management LLC bought a new stake in shares of Polaris Industries in the second quarter worth about $49,000. 76.59% of the stock is currently owned by institutional investors.

About Polaris Industries

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.

Further Reading: Why investors pay attention to retained earnings

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

Receive News & Ratings for Polaris Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries and related companies with MarketBeat.com's FREE daily email newsletter.