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.
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.
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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