Polaris Industries (PII) Releases FY 2019 Earnings Guidance

Polaris Industries (NYSE:PII) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $6.05-6.30 for the period, compared to the Thomson Reuters consensus 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.

PII opened at $98.97 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 0.43 and a debt-to-equity ratio of 2.19. 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 52 week low of $70.27 and a 52 week 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, beating analysts’ consensus estimates of $0.91 by $0.17. The business 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 for the quarter was up 15.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.08 earnings per share. Equities analysts predict that Polaris Industries will post 6.17 earnings per share for the current fiscal year.

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

In other news, Director Kevin M. Farr acquired 1,125 shares of the business’s stock in a transaction dated Tuesday, February 26th. The shares were bought at an average cost of $88.59 per share, for a total transaction of $99,663.75. Following the acquisition, the director now directly owns 15,604 shares in the company, valued at approximately $1,382,358.36. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.90% of the company’s stock.

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About Polaris Industries

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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