Brokers Set Expectations for Polaris Industries Inc.’s FY2018 Earnings (PII)
Polaris Industries Inc. (NYSE:PII) – Research analysts at Wedbush lifted their FY2018 earnings per share estimates for Polaris Industries in a report released on Monday. Wedbush analyst J. Hardiman now expects that the company will post earnings of $5.39 per share for the year, up from their previous forecast of $5.12.
Polaris Industries (NYSE:PII) last announced its quarterly earnings results on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.08. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the business posted $1.09 earnings per share. Polaris Industries’s quarterly revenue was up 20.7% on a year-over-year basis.
A number of other research analysts have also weighed in on the company. Northcoast Research restated a “hold” rating on shares of Polaris Industries in a report on Tuesday, September 5th. Robert W. Baird restated a “neutral” rating on shares of Polaris Industries in a report on Sunday, September 3rd. UBS AG decreased their price objective on Polaris Industries from $108.00 to $82.00 and set a “neutral” rating on the stock in a report on Friday, September 15th. BidaskClub lowered Polaris Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, BMO Capital Markets raised their price objective on Polaris Industries from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, September 15th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $91.54.
Shares of Polaris Industries (NYSE PII) traded up 0.356% during midday trading on Wednesday, reaching $105.785. 366,847 shares of the company traded hands. Polaris Industries has a 1-year low of $73.98 and a 1-year high of $108.46. The stock has a 50 day moving average price of $103.08 and a 200 day moving average price of $91.61. The firm has a market capitalization of $6.62 billion, a PE ratio of 44.243 and a beta of 1.31.
In other Polaris Industries news, CEO Scott W. Wine acquired 1,293 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average cost of $88.81 per share, with a total value of $114,831.33. Following the transaction, the chief executive officer now owns 317,000 shares of the company’s stock, valued at $28,152,770. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP James P. Williams sold 5,250 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $93.24, for a total value of $489,510.00. Following the sale, the senior vice president now directly owns 19,914 shares of the company’s stock, valued at $1,856,781.36. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of the stock. IFP Advisors Inc increased its position in shares of Polaris Industries by 1.0% during the 2nd quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock worth $118,000 after purchasing an additional 13 shares during the last quarter. Sheets Smith Wealth Management increased its position in shares of Polaris Industries by 0.6% during the 2nd quarter. Sheets Smith Wealth Management now owns 2,454 shares of the company’s stock worth $226,000 after purchasing an additional 14 shares during the last quarter. CAPROCK Group Inc. increased its position in shares of Polaris Industries by 0.5% during the 2nd quarter. CAPROCK Group Inc. now owns 4,990 shares of the company’s stock worth $460,000 after purchasing an additional 27 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Polaris Industries by 0.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 8,523 shares of the company’s stock worth $786,000 after purchasing an additional 35 shares during the last quarter. Finally, AMG Funds LLC increased its position in shares of Polaris Industries by 0.4% during the 2nd quarter. AMG Funds LLC now owns 11,805 shares of the company’s stock worth $1,089,000 after purchasing an additional 42 shares during the last quarter. 94.84% of the stock is owned by hedge funds and other institutional investors.
About Polaris Industries
Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include 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, including Work and Transportation and military vehicles.
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