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.
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.
TRADEMARK VIOLATION NOTICE: “Polaris Industries (PII) Issues FY19 Earnings Guidance” was posted by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://dakotafinancialnews.com/2019/04/23/polaris-industries-pii-issues-fy19-earnings-guidance.html.
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.
Receive News & Ratings for Polaris Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries and related companies with MarketBeat.com's FREE daily email newsletter.