B. Riley Comments on Polaris Industries Inc.’s Q3 2018 Earnings (PII)

Polaris Industries Inc. (NYSE:PII) – Equities researchers at B. Riley issued their Q3 2018 earnings per share estimates for shares of Polaris Industries in a research report issued on Tuesday, October 16th, Zacks Investment Research reports. B. Riley analyst E. Wold forecasts that the company will earn $1.57 per share for the quarter. B. Riley currently has a “Buy” rating and a $126.00 target price on the stock. B. Riley also issued estimates for Polaris Industries’ Q4 2018 earnings at $2.11 EPS, FY2018 earnings at $6.58 EPS, Q1 2019 earnings at $1.50 EPS, Q2 2019 earnings at $1.92 EPS, Q3 2019 earnings at $1.79 EPS, Q4 2019 earnings at $2.30 EPS and FY2019 earnings at $7.50 EPS.

Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Monday, October 22nd. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.57 by $0.29. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. Polaris Industries had a net margin of 4.68% and a return on equity of 43.14%. Polaris Industries’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.46 earnings per share.

A number of other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Polaris Industries from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Wedbush restated a “neutral” rating and issued a $98.00 price objective (down from $109.00) on shares of Polaris Industries in a report on Monday, October 15th. Citigroup lifted their price objective on Polaris Industries from $125.00 to $126.00 and gave the company a “buy” rating in a report on Monday, August 13th. Northcoast Research reiterated a “hold” rating on shares of Polaris Industries in a report on Saturday, October 20th. Finally, Robert W. Baird reduced their target price on shares of Polaris Industries from $125.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $111.23.

Shares of PII traded down $4.56 during trading hours on Thursday, reaching $90.96. 547,099 shares of the company traded hands, compared to its average volume of 1,075,698. The firm has a market capitalization of $5.85 billion, a P/E ratio of 15.38, a P/E/G ratio of 0.96 and a beta of 1.01. Polaris Industries has a 12-month low of $84.63 and a 12-month high of $137.66. The company has a current ratio of 1.19, a quick ratio of 0.40 and a debt-to-equity ratio of 2.00.

Institutional investors and hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in Polaris Industries by 81.7% in the first quarter. Russell Investments Group Ltd. now owns 23,625 shares of the company’s stock valued at $2,704,000 after buying an additional 10,621 shares during the last quarter. Stifel Financial Corp boosted its position in Polaris Industries by 17.4% in the first quarter. Stifel Financial Corp now owns 17,268 shares of the company’s stock valued at $1,985,000 after buying an additional 2,558 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in Polaris Industries in the first quarter valued at approximately $747,000. Commonwealth Equity Services LLC boosted its position in Polaris Industries by 20.1% in the first quarter. Commonwealth Equity Services LLC now owns 13,816 shares of the company’s stock valued at $1,582,000 after buying an additional 2,311 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in Polaris Industries by 40.7% in the first quarter. Allianz Asset Management GmbH now owns 2,406 shares of the company’s stock valued at $275,000 after buying an additional 696 shares during the last quarter. Hedge funds and other institutional investors own 84.07% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, November 30th. This represents a $2.40 annualized dividend and a dividend yield of 2.64%. Polaris Industries’s dividend payout ratio (DPR) 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.

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

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