Wall Street brokerages expect Polaris Inc. (NYSE:PII – Get Rating) to post $2.10 billion in sales for the current quarter, according to Zacks. Three analysts have made estimates for Polaris’ earnings, with the lowest sales estimate coming in at $2.08 billion and the highest estimate coming in at $2.12 billion. Polaris reported sales of $1.95 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 7.7%. The business is scheduled to issue its next earnings report before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Polaris will report full year sales of $9.34 billion for the current year, with estimates ranging from $9.27 billion to $9.41 billion. For the next year, analysts forecast that the company will report sales of $9.72 billion, with estimates ranging from $9.15 billion to $10.14 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Polaris.
Polaris (NYSE:PII – Get Rating) last announced its earnings results on Tuesday, January 25th. The company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.12. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.13 billion. Polaris had a net margin of 6.02% and a return on equity of 49.54%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the firm posted $3.34 earnings per share.
In other news, SVP Dougherty Lucy Clark sold 4,257 shares of Polaris stock in a transaction on Wednesday, February 16th. The stock was sold at an average price of $125.00, for a total transaction of $532,125.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in PII. First Trust Advisors LP raised its stake in Polaris by 115.7% in the 1st quarter. First Trust Advisors LP now owns 18,030 shares of the company’s stock valued at $1,522,000 after purchasing an additional 9,673 shares during the last quarter. Morgan Stanley raised its stake in Polaris by 64.4% in the 2nd quarter. Morgan Stanley now owns 553,614 shares of the company’s stock valued at $75,822,000 after purchasing an additional 216,942 shares during the last quarter. Bank of America Corp DE raised its stake in Polaris by 1.6% in the 2nd quarter. Bank of America Corp DE now owns 350,669 shares of the company’s stock valued at $48,027,000 after purchasing an additional 5,664 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Polaris by 3.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 17,602 shares of the company’s stock valued at $2,411,000 after purchasing an additional 614 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its stake in Polaris by 31.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 2,596 shares of the company’s stock valued at $311,000 after purchasing an additional 617 shares during the last quarter. 85.77% of the stock is owned by institutional investors and hedge funds.
Shares of PII traded down $0.16 during mid-day trading on Monday, reaching $107.24. 553,146 shares of the company’s stock were exchanged, compared to its average volume of 694,524. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.15 and a quick ratio of 0.41. The stock has a market capitalization of $6.38 billion, a PE ratio of 13.63 and a beta of 1.63. The business’s fifty day simple moving average is $112.56 and its 200-day simple moving average is $115.23. Polaris has a 52-week low of $99.68 and a 52-week high of $147.73.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 1st were paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Monday, February 28th. This is an increase from Polaris’s previous quarterly dividend of $0.63. Polaris’s payout ratio is 32.53%.
Polaris Company Profile (Get Rating)
Polaris Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates through six segments: ORV, Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles.
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