Polaris Industries Inc. (PII) Expected to Post Quarterly Sales of $1.64 Billion
Wall Street brokerages expect Polaris Industries Inc. (NYSE:PII) to post $1.64 billion in sales for the current fiscal quarter, Zacks reports. Nine analysts have made estimates for Polaris Industries’ earnings, with the highest sales estimate coming in at $1.71 billion and the lowest estimate coming in at $1.59 billion. Polaris Industries reported sales of $1.48 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 10.8%. The company is scheduled to report its next earnings report on Tuesday, October 23rd.
According to Zacks, analysts expect that Polaris Industries will report full-year sales of $6.07 billion for the current financial year, with estimates ranging from $6.05 billion to $6.13 billion. For the next fiscal year, analysts expect that the business will post sales of $6.67 billion per share, with estimates ranging from $6.56 billion to $6.80 billion. Zacks’ sales averages are an average based on a survey of research firms that follow Polaris Industries.
Polaris Industries (NYSE:PII) last released its quarterly earnings data on Wednesday, July 25th. The company reported $1.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.14. Polaris Industries had a net margin of 4.58% and a return on equity of 40.51%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the company earned $1.16 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis.
Shares of Polaris Industries stock traded up $0.15 during trading on Thursday, reaching $109.07. The company’s stock had a trading volume of 372,700 shares, compared to its average volume of 694,670. The stock has a market cap of $6.78 billion, a PE ratio of 22.50, a PEG ratio of 1.11 and a beta of 0.98. Polaris Industries has a 52 week low of $101.06 and a 52 week high of $137.66. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.44 and a current ratio of 1.27.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 17th. Investors of record on Friday, August 31st were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $2.40 annualized dividend and a yield of 2.20%. Polaris Industries’s dividend payout ratio is 49.48%.
In other news, Director George W. Bilicic acquired 1,195 shares of the business’s stock in a transaction that occurred on Friday, July 27th. The stock was acquired at an average price of $104.61 per share, with a total value of $125,008.95. Following the completion of the transaction, the director now directly owns 6,239 shares of the company’s stock, valued at approximately $652,661.79. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott W. Wine acquired 3,000 shares of the business’s stock in a transaction that occurred on Friday, July 27th. The shares were purchased at an average cost of $104.09 per share, with a total value of $312,270.00. Following the transaction, the chief executive officer now directly owns 335,154 shares of the company’s stock, valued at $34,886,179.86. The disclosure for this purchase can be found here. Corporate insiders own 2.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of PII. Squar Milner Financial Services LLC bought a new stake in Polaris Industries during the second quarter worth about $108,000. Well Done LLC bought a new position in shares of Polaris Industries in the first quarter worth about $128,000. Ostrum Asset Management bought a new position in shares of Polaris Industries in the first quarter worth about $135,000. Laurel Wealth Advisors Inc. bought a new position in shares of Polaris Industries in the second quarter worth about $203,000. Finally, IFM Investors Pty Ltd bought a new position in shares of Polaris Industries in the first quarter worth about $205,000. 83.49% of the stock is owned by institutional investors and hedge funds.
Polaris Industries Company Profile
Polaris Industries Inc designs, engineers, and manufactures powersports vehicles. It operates through the following segments: Off-Road Vehicles (ORV), Snowmobiles, Motorcycles, Global Adjacent Markets, and Aftermarket. The ORV segment provides sport, utility, and crossover side-by-side vehicles. The Snowmobiles segment produces models ranging from youth models to utility and economy models to performance and competition models.
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