Polaris Industries Inc. (PII) Issues FY13 Earnings Guidance
Polaris Industries Inc. (NYSE:PII) issued an update on its FY13 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $5.30-5.37 for the period, compared to the Thomson Reuters consensus estimate of $5.35, Stock Ratings Network reports. The company issued revenue guidance of $3.69-3.72 billion, compared to the consensus revenue estimate of $3.72 billion.
A number of research firms have recently commented on PII. Analysts at Raymond James raised their price target on shares of Polaris Industries from $124.00 to $165.00 in a research note to investors on Tuesday, October 8th. They now have a strong-buy rating on the stock. On a related note, analysts at Zacks upgraded shares of Polaris Industries from a neutral rating to an outperform rating in a research note to investors on Tuesday, October 8th. They now have a $135.30 price target on the stock. Finally, analysts at UBS AG set a $142.00 price target on shares of Polaris Industries in a research note to investors on Friday, October 4th. They now have a buy rating on the stock. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $129.26.
Shares of Polaris Industries Inc. (NYSE:PII) opened at 136.03 on Tuesday. Polaris Industries Inc. has a 52-week low of $78.83 and a 52-week high of $136.90. The stock’s 50-day moving average is $125.5 and its 200-day moving average is $104.8. The company has a market cap of $9.367 billion and a price-to-earnings ratio of 28.51.
Polaris Industries (NYSE:PII) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.60 by $0.04. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company posted $1.33 earnings per share. Polaris Industries’s revenue was up 25.3% compared to the same quarter last year.
Polaris Industries Inc (NYSE:PII) designs, engineers and manufactures off-road vehicles (ORV), including all-terrain vehicles (ATV) and side-by-side vehicles for recreational and utility use, snowmobiles, and on-road vehicles, including motorcycles and small electric vehicles (SEV), together with the related replacement parts, garments and accessories (PG&A).
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