Wedbush Weighs in on Polaris Industries’ Q2 2018 Earnings (PII)

Polaris Industries (NYSE:PII) – Stock analysts at Wedbush dropped their Q2 2018 earnings estimates for Polaris Industries in a note issued to investors on Wednesday, April 25th. Wedbush analyst J. Hardiman now expects that the company will post earnings of $1.62 per share for the quarter, down from their prior forecast of $1.68. Wedbush has a “Neutral” rating and a $119.00 price objective on the stock. Wedbush also issued estimates for Polaris Industries’ FY2018 earnings at $6.28 EPS and FY2019 earnings at $7.33 EPS.

Polaris Industries (NYSE:PII) last issued its quarterly earnings data on Tuesday, April 24th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.22 billion. During the same quarter last year, the firm earned $0.75 EPS. Polaris Industries’s quarterly revenue was up 12.5% on a year-over-year basis.

Other equities research analysts have also issued research reports about the company. Stephens set a $133.00 price objective on Polaris Industries and gave the company a “hold” rating in a research note on Friday, January 19th. Sanford C. Bernstein restated a “market perform” rating and set a $144.00 price objective (up previously from $121.00) on shares of Polaris Industries in a research note on Monday, January 29th. Citigroup lowered their price objective on Polaris Industries from $136.00 to $129.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. Wells Fargo upgraded Polaris Industries from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 6th. Finally, Zacks Investment Research upgraded Polaris Industries from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a research note on Friday, February 2nd. Fifteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $114.13.

Shares of NYSE PII opened at $106.07 on Thursday. Polaris Industries has a fifty-two week low of $82.77 and a fifty-two week high of $137.66. The company has a quick ratio of 0.42, a current ratio of 1.24 and a debt-to-equity ratio of 0.99. The company has a market cap of $6,908.69, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 1.19 and a beta of 1.16.

A number of institutional investors have recently made changes to their positions in the business. Dynamic Advisors Solutions LLC raised its stake in Polaris Industries by 4.7% during the 4th quarter. Dynamic Advisors Solutions LLC now owns 10,781 shares of the company’s stock valued at $1,337,000 after acquiring an additional 481 shares in the last quarter. Morse Asset Management Inc raised its stake in shares of Polaris Industries by 5.1% in the 4th quarter. Morse Asset Management Inc now owns 10,275 shares of the company’s stock worth $1,274,000 after buying an additional 500 shares in the last quarter. Pennsylvania Trust Co raised its stake in shares of Polaris Industries by 2.1% in the 4th quarter. Pennsylvania Trust Co now owns 25,095 shares of the company’s stock worth $3,112,000 after buying an additional 525 shares in the last quarter. Amalgamated Bank raised its stake in shares of Polaris Industries by 5.5% in the 4th quarter. Amalgamated Bank now owns 12,381 shares of the company’s stock worth $1,535,000 after buying an additional 649 shares in the last quarter. Finally, Xact Kapitalforvaltning AB raised its stake in shares of Polaris Industries by 5.0% in the 4th quarter. Xact Kapitalforvaltning AB now owns 14,463 shares of the company’s stock worth $1,793,000 after buying an additional 694 shares in the last quarter. 85.22% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.26%. Polaris Industries’s payout ratio is currently 49.48%.

Polaris Industries Company Profile

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.

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

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