Polaris Industries Inc. (PII) Trading Down 2.2%
Shares of Polaris Industries Inc. (NYSE:PII) traded down 2.2% during mid-day trading on Monday . The stock traded as low as $83.59 and last traded at $83.94, with a volume of 1,217,500 shares. The stock had previously closed at $85.82.
Several analysts have recently issued reports on the company. Longbow Research reaffirmed an “underperform” rating and set a $70.00 price objective on shares of Polaris Industries in a report on Saturday. Northcoast Research downgraded Polaris Industries from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 31st. Citigroup Inc. boosted their target price on Polaris Industries from $100.00 to $107.00 and gave the company a “buy” rating in a research report on Monday, August 29th. TheStreet raised Polaris Industries from a “hold” rating to a “buy” rating in a research report on Monday, August 15th. Finally, Wedbush reissued a “neutral” rating and set a $88.00 target price on shares of Polaris Industries in a research report on Wednesday, August 10th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $91.87.
The firm has a 50 day moving average price of $93.25 and a 200 day moving average price of $90.70. The company has a market capitalization of $5.38 billion and a PE ratio of 14.49.
Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.04. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.10 billion. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.49 EPS. On average, equities analysts anticipate that Polaris Industries Inc. will post $6.01 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, August 30th. This represents a $2.20 dividend on an annualized basis and a yield of 2.62%.
Polaris Industries Inc (Polaris) designs, engineers and manufactures 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, together with the related parts, garments and accessories.