Polaris Industries Inc. (NYSE:PII) – Equities researchers at KeyCorp increased their FY2017 EPS estimates for Polaris Industries in a report issued on Monday. KeyCorp analyst B. Andress now expects that the company will post earnings of $4.55 per share for the year, up from their prior estimate of $4.45. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Polaris Industries’ Q4 2017 earnings at $1.47 EPS.

Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.08. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The business’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 earnings per share.

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A number of other research analysts also recently commented on the stock. Northcoast Research reissued a “hold” rating on shares of Polaris Industries in a research report on Tuesday, September 5th. Robert W. Baird reaffirmed a “neutral” rating on shares of Polaris Industries in a research report on Sunday, September 3rd. UBS AG cut their price objective on shares of Polaris Industries from $108.00 to $82.00 and set a “neutral” rating on the stock in a research report on Friday, September 15th. BidaskClub downgraded shares of Polaris Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, BMO Capital Markets lifted their price objective on shares of Polaris Industries from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $91.31.

Shares of Polaris Industries (NYSE:PII) opened at 105.64 on Wednesday. The firm has a 50-day moving average of $99.50 and a 200-day moving average of $90.16. Polaris Industries has a one year low of $73.07 and a one year high of $108.46. The stock has a market cap of $6.61 billion, a PE ratio of 44.18 and a beta of 1.31.

A number of hedge funds have recently added to or reduced their stakes in PII. Trust Co. of Vermont boosted its stake in Polaris Industries by 132.0% in the 2nd quarter. Trust Co. of Vermont now owns 1,183 shares of the company’s stock worth $109,000 after purchasing an additional 673 shares in the last quarter. IFP Advisors Inc boosted its stake in Polaris Industries by 1.0% in 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 in the last quarter. Ffcm LLC boosted its stake in Polaris Industries by 6.4% in the 2nd quarter. Ffcm LLC now owns 1,415 shares of the company’s stock worth $131,000 after purchasing an additional 85 shares in the last quarter. Mosaic Family Wealth LLC boosted its stake in Polaris Industries by 7.2% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,707 shares of the company’s stock worth $157,000 after purchasing an additional 115 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in Polaris Industries in the 1st quarter worth approximately $213,000. Institutional investors own 95.20% of the company’s stock.

In related news, SVP James P. Williams sold 5,250 shares of Polaris Industries stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $93.24, for a total value of $489,510.00. Following the completion of the sale, the senior vice president now directly owns 19,914 shares in the company, valued at approximately $1,856,781.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George W. Bilicic bought 2,833 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average price of $95.18 per share, with a total value of $269,644.94. Following the completion of the purchase, the director now directly owns 2,833 shares in the company, valued at $269,644.94. The disclosure for this purchase can be found here. 2.20% of the stock is owned by company insiders.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Wednesday, August 30th. Polaris Industries’s dividend payout ratio (DPR) is presently 97.07%.

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.

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

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