Polaris Industries (PII) Issues FY19 Earnings Guidance

Polaris Industries (NYSE:PII) updated its FY19 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. Polaris Industries also updated its FY 2019 guidance to $6.05-6.30 EPS.

Several analysts recently commented on the company. Northcoast Research reaffirmed a neutral rating on shares of Polaris Industries in a report on Friday, March 29th. Zacks Investment Research upgraded Polaris Industries from a sell rating to a hold rating in a research note on Thursday, April 11th. ValuEngine downgraded Polaris Industries from a hold rating to a sell rating in a research note on Tuesday, January 29th. Finally, TheStreet downgraded Polaris Industries from a b- rating to a c+ rating in a research note on Friday, January 4th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Polaris Industries presently has an average rating of Hold and a consensus target price of $104.17.

NYSE PII traded down $1.38 during trading on Tuesday, hitting $97.59. 12,099 shares of the company’s stock traded hands, compared to its average volume of 681,479. The company has a market cap of $6.02 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 1.07 and a beta of 1.11. Polaris Industries has a 12-month low of $70.27 and a 12-month high of $131.25. The company has a quick ratio of 0.43, a current ratio of 1.24 and a debt-to-equity ratio of 2.19.

Polaris Industries (NYSE:PII) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.17. Polaris Industries had a net margin of 5.52% and a return on equity of 45.91%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the firm posted $1.08 earnings per share. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. As a group, equities research analysts anticipate that Polaris Industries will post 6.17 EPS for the current year.

In related news, Director Kevin M. Farr purchased 1,125 shares of Polaris Industries stock in a transaction dated Tuesday, February 26th. The stock was purchased at an average cost of $88.59 per share, for a total transaction of $99,663.75. Following the completion of the acquisition, the director now directly owns 15,604 shares of the company’s stock, valued at $1,382,358.36. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company 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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