Polaris Industries Inc. (NYSE:PII) – Stock analysts at Wedbush dropped their Q4 2018 earnings per share estimates for Polaris Industries in a research report issued on Monday, October 15th. Wedbush analyst J. Hardiman now anticipates that the company will post earnings per share of $2.06 for the quarter, down from their previous forecast of $2.18. Wedbush has a “Neutral” rating and a $98.00 price target on the stock. Wedbush also issued estimates for Polaris Industries’ FY2019 earnings at $7.28 EPS.

Polaris Industries (NYSE:PII) last released its earnings results on Wednesday, July 25th. The company reported $1.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.14. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.45 billion. Polaris Industries had a return on equity of 40.51% and a net margin of 4.58%. Polaris Industries’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 earnings per share.

Several other equities analysts also recently weighed in on PII. BMO Capital Markets reiterated a “hold” rating and set a $110.00 target price on shares of Polaris Industries in a research report on Thursday, July 26th. Zacks Investment Research downgraded Polaris Industries from a “hold” rating to a “sell” rating in a research report on Wednesday. Royal Bank of Canada decreased their price target on Polaris Industries to $96.00 and set a “sector perform” rating on the stock in a report on Wednesday. Robert W. Baird reissued a “neutral” rating and set a $125.00 price target on shares of Polaris Industries in a report on Thursday, July 26th. Finally, ValuEngine cut Polaris Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $115.08.

NYSE PII opened at $94.22 on Tuesday. The firm has a market cap of $6.28 billion, a P/E ratio of 19.43, a P/E/G ratio of 1.03 and a beta of 0.92. The company has a current ratio of 1.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.22. Polaris Industries has a fifty-two week low of $92.18 and a fifty-two week high of $137.66.

In other Polaris Industries news, CEO Scott W. Wine purchased 3,000 shares of the firm’s stock in a transaction on Friday, July 27th. The shares were acquired at an average cost of $104.09 per share, with a total value of $312,270.00. Following the completion of the acquisition, the chief executive officer now directly owns 335,154 shares in the company, valued at $34,886,179.86. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director George W. Bilicic purchased 1,195 shares of the firm’s stock in a transaction on Friday, July 27th. The shares were acquired at an average cost of $104.61 per share, for a total transaction of $125,008.95. Following the completion of the acquisition, the director now owns 6,239 shares of the company’s stock, valued at $652,661.79. The disclosure for this purchase can be found here. 2.40% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. Squar Milner Financial Services LLC bought a new stake in shares of Polaris Industries in the second quarter worth about $108,000. Ostrum Asset Management bought a new stake in shares of Polaris Industries in the first quarter worth about $135,000. Laurel Wealth Advisors Inc. bought a new stake in shares of Polaris Industries in the second quarter worth about $203,000. Engineers Gate Manager LP bought a new stake in shares of Polaris Industries in the second quarter worth about $208,000. Finally, Hartford Investment Management Co. bought a new stake in shares of Polaris Industries in the second quarter worth about $216,000. 83.53% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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