Polaris Industries Inc. (PII) Announces Earnings Results
Polaris Industries Inc. (NYSE:PII) posted its quarterly earnings results on Tuesday. The company reported $1.46 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.24, Bloomberg Earnings reports. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The business’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share. Polaris Industries updated its FY17 guidance to $4.75-4.85 EPS.
Polaris Industries (NYSE PII) opened at 123.18 on Wednesday. Polaris Industries has a 52-week low of $73.98 and a 52-week high of $126.85. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of 51.52 and a beta of 1.31. The company has a 50-day moving average price of $104.70 and a 200 day moving average price of $92.53.
In other Polaris Industries news, Director George W. Bilicic acquired 2,833 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average price of $95.18 per share, with a total value of $269,644.94. Following the purchase, the director now owns 2,833 shares in the company, valued at $269,644.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott W. Wine acquired 1,293 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average cost of $88.81 per share, with a total value of $114,831.33. Following the purchase, the chief executive officer now owns 317,000 shares in the company, valued at approximately $28,152,770. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by corporate insiders.
PII has been the subject of a number of research analyst reports. Stifel Nicolaus restated a “hold” rating and set a $87.00 price objective (up previously from $86.00) on shares of Polaris Industries in a research report on Monday, July 24th. Zacks Investment Research lowered Polaris Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Northcoast Research restated a “hold” rating on shares of Polaris Industries in a research report on Tuesday, September 5th. KeyCorp restated a “sector weight” rating on shares of Polaris Industries in a research report on Thursday, August 31st. Finally, Royal Bank Of Canada raised their price objective on Polaris Industries from $81.00 to $91.00 and gave the company an “underperform” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $95.87.
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About Polaris Industries
Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include Off-Road Vehicles (ORV), including All-Terrain Vehicles (ATV) and side-by-side vehicles for recreational and utility use; Snowmobiles, Motorcycles and Global Adjacent Markets vehicles, including Work and Transportation and military vehicles.
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