Analysts expect Polaris Industries Inc. (NYSE:PII) to announce $1.45 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Polaris Industries’ earnings. The lowest sales estimate is $1.42 billion and the highest is $1.49 billion. Polaris Industries posted sales of $1.36 billion in the same quarter last year, which would indicate a positive year over year growth rate of 6.6%. The firm is scheduled to issue its next quarterly earnings results on Thursday, July 19th.

On average, analysts expect that Polaris Industries will report full-year sales of $5.94 billion for the current financial year, with estimates ranging from $5.91 billion to $5.98 billion. For the next fiscal year, analysts anticipate that the business will report sales of $6.58 billion per share, with estimates ranging from $6.52 billion to $6.65 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Polaris Industries.

Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Tuesday, April 24th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.19. Polaris Industries had a return on equity of 36.32% and a net margin of 4.15%. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the business posted $0.75 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year.

Several research analysts recently weighed in on the company. ValuEngine upgraded Polaris Industries from a “hold” rating to a “buy” rating in a research report on Thursday, May 17th. Zacks Investment Research cut Polaris Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, April 4th. Stifel Nicolaus lifted their price target on Polaris Industries from $113.00 to $118.00 and gave the company a “hold” rating in a research report on Thursday, May 31st. BMO Capital Markets lifted their price target on Polaris Industries from $105.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, June 1st. Finally, SunTrust Banks lifted their price target on Polaris Industries to $132.00 and gave the company a “hold” rating in a research report on Monday, June 18th. Thirteen investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Polaris Industries currently has a consensus rating of “Hold” and a consensus price target of $116.06.

Polaris Industries traded down $1.11, hitting $123.28, during trading on Monday, Marketbeat Ratings reports. 468,919 shares of the company traded hands, compared to its average volume of 847,162. The company has a current ratio of 1.24, a quick ratio of 0.41 and a debt-to-equity ratio of 0.99. The stock has a market cap of $7.85 billion, a P/E ratio of 24.15, a P/E/G ratio of 1.28 and a beta of 1.18. Polaris Industries has a 1 year low of $86.51 and a 1 year high of $137.66.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, May 31st. Polaris Industries’s payout ratio is currently 49.48%.

In other Polaris Industries news, CEO Scott W. Wine sold 245,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $118.36, for a total value of $28,998,200.00. Following the sale, the chief executive officer now directly owns 357,154 shares of the company’s stock, valued at $42,272,747.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Robert Paul Mack sold 762 shares of the firm’s stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $125.51, for a total value of $95,638.62. Following the completion of the sale, the senior vice president now directly owns 21,991 shares in the company, valued at $2,760,090.41. The disclosure for this sale can be found here. Over the last three months, insiders sold 300,012 shares of company stock worth $35,932,249. 2.40% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dynamic Advisors Solutions LLC grew its holdings in Polaris Industries by 4.7% in the fourth quarter. Dynamic Advisors Solutions LLC now owns 10,781 shares of the company’s stock valued at $1,337,000 after purchasing an additional 481 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Polaris Industries by 2.5% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 20,503 shares of the company’s stock valued at $2,348,000 after purchasing an additional 500 shares during the period. State Treasurer State of Michigan grew its holdings in Polaris Industries by 2.4% in the first quarter. State Treasurer State of Michigan now owns 21,400 shares of the company’s stock valued at $2,451,000 after purchasing an additional 500 shares during the period. Tredje AP fonden grew its holdings in Polaris Industries by 4.6% in the first quarter. Tredje AP fonden now owns 12,340 shares of the company’s stock valued at $1,413,000 after purchasing an additional 540 shares during the period. Finally, Toronto Dominion Bank boosted its stake in shares of Polaris Industries by 16.1% in the first quarter. Toronto Dominion Bank now owns 4,067 shares of the company’s stock worth $466,000 after acquiring an additional 564 shares during the last quarter. 86.39% of the stock is currently owned by institutional investors.

About Polaris Industries

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. The company operates through four segments: Off-Road Vehicles (ORVs)/Snowmobiles, Motorcycles, Global Adjacent Markets, and Aftermarket. It offers ORVs, including all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; motorcycles; and low emission, light duty hauling, passenger, commercial, and industrial vehicles, as well as snow bike conversion kit systems.

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

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