Polaris Industries Inc. (NYSE:PII) – Investment analysts at Northcoast Research upped their Q3 2017 earnings per share (EPS) estimates for Polaris Industries in a report issued on Friday. Northcoast Research analyst S. Woolf now anticipates that the company will earn $1.52 per share for the quarter, up from their prior forecast of $1.40. Northcoast Research has a “Hold” rating on the stock. Northcoast Research also issued estimates for Polaris Industries’ Q4 2017 earnings at $1.07 EPS, FY2017 earnings at $4.50 EPS, Q1 2018 earnings at $0.80 EPS, Q2 2018 earnings at $1.23 EPS, Q3 2018 earnings at $1.85 EPS, Q4 2018 earnings at $1.37 EPS and FY2018 earnings at $5.25 EPS.
Other equities research analysts have also recently issued reports about the stock. TheStreet raised shares of Polaris Industries from a “c” rating to a “b-” rating in a research report on Thursday, July 20th. BMO Capital Markets reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Polaris Industries in a research report on Monday, June 5th. BidaskClub raised shares of Polaris Industries from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Zacks Investment Research raised shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research report on Wednesday, July 19th. Finally, Lake Street Capital boosted their price objective on shares of Polaris Industries from $102.00 to $106.00 and gave the company a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $86.87.
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Shares of Polaris Industries (NYSE PII) opened at 92.80 on Monday. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 38.81 and a beta of 1.32. Polaris Industries has a 12-month low of $70.14 and a 12-month high of $99.16. The stock has a 50 day moving average price of $89.61 and a 200-day moving average price of $86.55.
Polaris Industries (NYSE:PII) last released its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.08. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 earnings per share.
In other news, insider Matthew J. Homan sold 2,600 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $86.96, for a total value of $226,096.00. Following the sale, the insider now directly owns 20,871 shares of the company’s stock, valued at approximately $1,814,942.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael T. Speetzen sold 5,000 shares of the company’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $84.07, for a total transaction of $420,350.00. Following the completion of the sale, the executive vice president now directly owns 10,333 shares in the company, valued at $868,695.31. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Gulf International Bank UK Ltd boosted its stake in shares of Polaris Industries by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 18,473 shares of the company’s stock worth $1,548,000 after buying an additional 200 shares during the last quarter. GW&K Investment Management LLC purchased a new stake in shares of Polaris Industries during the first quarter worth about $11,529,000. Sheets Smith Wealth Management purchased a new stake in shares of Polaris Industries during the first quarter worth about $204,000. Raymond James Trust N.A. boosted its stake in shares of Polaris Industries by 25.7% in the first quarter. Raymond James Trust N.A. now owns 7,080 shares of the company’s stock worth $593,000 after buying an additional 1,447 shares during the last quarter. Finally, Confluence Investment Management LLC boosted its stake in shares of Polaris Industries by 444.9% in the first quarter. Confluence Investment Management LLC now owns 730,568 shares of the company’s stock worth $61,222,000 after buying an additional 596,497 shares during the last quarter. 94.04% of the stock is currently owned by institutional investors.
Polaris Industries Company Profile
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.
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