Polaris Industries (PII) Issues FY 2019 Earnings Guidance

Polaris Industries (NYSE:PII) updated its FY 2019 earnings guidance on Tuesday. The company provided EPS guidance of $6.05-6.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.07. The company issued revenue guidance of $6.752-6.874 billion, compared to the consensus revenue estimate of $6.78 billion.Polaris Industries also updated its FY19 guidance to $6.05-6.30 EPS.

A number of research firms have recently issued reports on PII. Zacks Investment Research upgraded Polaris Industries from a sell rating to a hold rating in a research report on Thursday, April 11th. Wells Fargo & Co restated an outperform rating and set a $110.00 price objective (up from $90.00) on shares of Polaris Industries in a research report on Wednesday. TheStreet upgraded Polaris Industries from a c+ rating to a b- rating in a research report on Monday. Wedbush restated a neutral rating and set a $101.00 price objective (up from $83.00) on shares of Polaris Industries in a research report on Wednesday. Finally, Goldman Sachs Group started coverage on Polaris Industries in a research note on Wednesday. They issued a buy rating and a $123.00 price target on the stock. One analyst has rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Hold and an average target price of $107.38.

Polaris Industries stock traded up $1.27 on Wednesday, reaching $99.02. The company’s stock had a trading volume of 17,236 shares, compared to its average volume of 700,930. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.43 and a current ratio of 1.24. The firm has a market cap of $6.02 billion, a P/E ratio of 15.09, a P/E/G ratio of 1.07 and a beta of 1.11. Polaris Industries has a twelve month low of $70.27 and a twelve month high of $131.25.

Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.16. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.50 billion. Polaris Industries had a return on equity of 45.91% and a net margin of 5.52%. The business’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.08 earnings per share. On average, equities research analysts predict that Polaris Industries will post 6.17 earnings per share for the current year.

In other news, Director Kevin M. Farr bought 1,125 shares of the company’s stock in a transaction dated Tuesday, February 26th. The stock was bought at an average price of $88.59 per share, for a total transaction of $99,663.75. Following the completion of the transaction, the director now directly owns 15,604 shares in the company, valued at approximately $1,382,358.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.90% of the company’s stock.

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Polaris Industries Company Profile

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five 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 bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.

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

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