Polaris Industries Inc. (PII) Issues FY16 Earnings Guidance
Polaris Industries Inc. (NYSE:PII) updated its FY16 earnings guidance on Thursday. The company provided EPS guidance of $3.40 -3.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.48.
PII has been the topic of a number of recent analyst reports. Citigroup Inc. raised their target price on shares of Polaris Industries from $100.00 to $107.00 and gave the company a buy rating in a research note on Monday, August 29th. TheStreet raised shares of Polaris Industries from a hold rating to a buy rating in a research note on Monday, August 15th. Wunderlich reaffirmed a buy rating and issued a $112.00 target price on shares of Polaris Industries in a research note on Sunday, July 24th. Lake Street Capital raised their target price on shares of Polaris Industries from $85.00 to $106.00 and gave the company a buy rating in a research note on Tuesday, September 13th. Finally, RBC Capital Markets set a $88.00 target price on shares of Polaris Industries and gave the company a hold rating in a research note on Thursday, July 21st. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $83.78.
Shares of Polaris Industries Inc. (NYSE:PII) opened at 89.43 on Friday. The company has a market cap of $5.73 billion, a PE ratio of 22.52 and a beta of 1.23. Polaris Industries Inc. has a one year low of $67.80 and a one year high of $110.36. The stock’s 50 day moving average is $76.94 and its 200-day moving average is $84.73.
Polaris Industries (NYSE:PII) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.04. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $317.71 million. Polaris Industries had a return on equity of 27.74% and a net margin of 5.93%. The company’s revenue for the quarter was down 18.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.30 EPS. Equities research analysts expect that Polaris Industries Inc. will post $3.48 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.55 per share. The ex-dividend date is Tuesday, November 29th. This represents a $2.20 annualized dividend and a dividend yield of 2.46%. Polaris Industries’s dividend payout ratio (DPR) is 55.56%.
A number of hedge funds have recently added to or reduced their stakes in PII. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Polaris Industries by 114.3% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,500 shares of the company’s stock valued at $123,000 after buying an additional 800 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Polaris Industries during the second quarter valued at $663,000. Canada Pension Plan Investment Board raised its stake in Polaris Industries by 49.1% in the second quarter. Canada Pension Plan Investment Board now owns 3,429 shares of the company’s stock valued at $280,000 after buying an additional 1,129 shares during the last quarter. Tredje AP fonden raised its stake in Polaris Industries by 436.1% in the second quarter. Tredje AP fonden now owns 1,930 shares of the company’s stock valued at $158,000 after buying an additional 1,570 shares during the last quarter. Finally, Reliance Trust Co. of Delaware raised its stake in Polaris Industries by 1.1% in the second quarter. Reliance Trust Co. of Delaware now owns 3,682 shares of the company’s stock valued at $301,000 after buying an additional 39 shares during the last quarter. Institutional investors own 88.66% of the company’s stock.
Polaris Industries Company Profile
Polaris Industries Inc (Polaris) designs, engineers and manufactures 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, together with the related parts, garments and accessories.
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