Wall Street analysts expect that Polaris Industries Inc. (NYSE:PII) will post $1.79 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Polaris Industries’ earnings, with the lowest EPS estimate coming in at $1.76 and the highest estimate coming in at $1.82. Polaris Industries posted earnings of $1.83 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.2%. The firm is scheduled to report its next earnings results on Tuesday, February 4th.

According to Zacks, analysts expect that Polaris Industries will report full-year earnings of $6.28 per share for the current financial year, with EPS estimates ranging from $6.25 to $6.30. For the next fiscal year, analysts forecast that the business will report earnings of $6.81 per share, with EPS estimates ranging from $6.50 to $7.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Polaris Industries.

Polaris Industries (NYSE:PII) last posted its earnings results on Tuesday, October 22nd. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.10. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.78 billion. Polaris Industries had a net margin of 4.74% and a return on equity of 42.27%. Polaris Industries’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.86 EPS.

Several research analysts recently weighed in on the stock. Wells Fargo & Co reissued a “buy” rating on shares of Polaris Industries in a research note on Wednesday, October 23rd. Lake Street Capital raised their price target on shares of Polaris Industries from $112.00 to $118.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. ValuEngine raised shares of Polaris Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Zacks Investment Research upgraded shares of Polaris Industries from a “sell” rating to a “hold” rating and set a $113.00 price target for the company in a report on Friday, October 25th. Finally, Wedbush boosted their price objective on shares of Polaris Industries from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $109.46.

NYSE PII opened at $95.93 on Tuesday. Polaris Industries has a 1-year low of $70.27 and a 1-year high of $104.25. The company has a market capitalization of $5.98 billion, a P/E ratio of 14.62, a PEG ratio of 1.30 and a beta of 1.46. The business has a 50 day moving average price of $98.69 and a 200 day moving average price of $89.80. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.13 and a quick ratio of 0.31.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Friday, November 29th. Polaris Industries’s dividend payout ratio is currently 37.20%.

Hedge funds have recently made changes to their positions in the company. Doyle Wealth Management acquired a new position in Polaris Industries during the second quarter worth approximately $30,000. FTB Advisors Inc. boosted its holdings in shares of Polaris Industries by 140.1% in the 2nd quarter. FTB Advisors Inc. now owns 389 shares of the company’s stock valued at $35,000 after purchasing an additional 227 shares during the last quarter. Synovus Financial Corp boosted its holdings in shares of Polaris Industries by 25,800.0% in the 2nd quarter. Synovus Financial Corp now owns 518 shares of the company’s stock valued at $47,000 after purchasing an additional 516 shares during the last quarter. Stonebridge Capital Advisors LLC purchased a new stake in shares of Polaris Industries during the 2nd quarter valued at $47,000. Finally, Litman Gregory Asset Management LLC purchased a new stake in shares of Polaris Industries during the 2nd quarter valued at $49,000. Institutional investors and hedge funds own 75.74% of the company’s stock.

Polaris Industries Company Profile

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.

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