Polaris Industries Inc. (NYSE:PII) – Equities researchers at KeyCorp dropped their Q3 2019 earnings per share (EPS) estimates for Polaris Industries in a research report issued to clients and investors on Wednesday, July 24th. KeyCorp analyst B. Andress now anticipates that the company will post earnings of $1.55 per share for the quarter, down from their prior forecast of $1.58. KeyCorp also issued estimates for Polaris Industries’ FY2019 earnings at $6.20 EPS.

A number of other research analysts have also recently weighed in on PII. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 485 ($6.34) target price on shares of in a report on Tuesday, July 9th. ValuEngine cut Viewray from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Wells Fargo & Co lifted their target price on Twitter from $33.00 to $40.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. Goldman Sachs Group set a $131.00 target price on Microsoft and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Wedbush reduced their target price on Polaris Industries from $117.00 to $105.00 and set an “outperform” rating on the stock in a report on Tuesday, July 9th. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $108.00.

Shares of Polaris Industries stock opened at $93.53 on Friday. Polaris Industries has a twelve month low of $70.27 and a twelve month high of $115.40. The firm has a market capitalization of $5.70 billion, a PE ratio of 14.26, a P/E/G ratio of 1.00 and a beta of 1.32. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 2.00. The firm has a fifty day moving average price of $88.51.

Polaris Industries (NYSE:PII) last issued its earnings results on Tuesday, July 23rd. The company reported $1.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.07. Polaris Industries had a return on equity of 45.12% and a net margin of 4.94%. The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the firm earned $1.77 earnings per share. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Friday, August 30th. Polaris Industries’s dividend payout ratio is presently 37.20%.

In other Polaris Industries news, insider Stephen L. Eastman sold 8,028 shares of the business’s stock in a transaction dated 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 owns 17,706 shares in the company, valued at $1,734,656.82. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.90% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Private Capital Group LLC lifted its stake in shares of Polaris Industries by 97.6% in the first quarter. Private Capital Group LLC now owns 889 shares of the company’s stock worth $75,000 after acquiring an additional 439 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Polaris Industries in the first quarter worth about $84,000. Stevens First Principles Investment Advisors lifted its stake in shares of Polaris Industries by 16.5% in the second quarter. Stevens First Principles Investment Advisors now owns 1,060 shares of the company’s stock worth $97,000 after acquiring an additional 150 shares in the last quarter. Squar Milner Financial Services LLC lifted its stake in shares of Polaris Industries by 33.4% in the first quarter. Squar Milner Financial Services LLC now owns 1,177 shares of the company’s stock worth $99,000 after acquiring an additional 295 shares in the last quarter. Finally, Columbia Asset Management acquired a new position in shares of Polaris Industries in the first quarter worth about $112,000. Institutional investors own 78.44% of the company’s stock.

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.

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

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