Polaris Industries Inc. (PII) Updates FY17 Earnings Guidance
Polaris Industries Inc. (NYSE:PII) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $4.75-4.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.50. The company issued revenue guidance of +18-19% to ~$5.33-5.37 billion, compared to the consensus revenue estimate of $5.18 billion.
Several research firms have weighed in on PII. Stifel Nicolaus reiterated a hold rating and issued a $87.00 price objective (up previously from $86.00) on shares of Polaris Industries in a research note on Monday, July 24th. B. Riley reiterated a neutral rating and issued a $91.00 price objective on shares of Polaris Industries in a research note on Friday, July 21st. Royal Bank Of Canada lowered shares of Polaris Industries from a sector perform rating to an underperform rating and set a $80.00 price objective on the stock. in a research note on Friday, July 21st. Aegis reiterated a buy rating and issued a $107.00 price objective on shares of Polaris Industries in a research note on Thursday, August 17th. Finally, Longbow Research reiterated an underperform rating and issued a $60.00 price objective on shares of Polaris Industries in a research note on Monday, July 17th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $91.54.
Polaris Industries Inc. (NYSE:PII) opened at 106.92 on Tuesday. The stock’s 50 day moving average is $104.17 and its 200 day moving average is $92.22. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 44.72 and a beta of 1.31. Polaris Industries Inc. has a 52 week low of $73.98 and a 52 week high of $108.46.
Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.20. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the company earned $0.50 earnings per share. The firm’s revenue was up 24.8% compared to the same quarter last year. Equities research analysts expect that Polaris Industries Inc. will post $4.51 EPS for the current year.
In other news, CEO Scott W. Wine bought 1,293 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average cost of $88.81 per share, for a total transaction of $114,831.33. Following the completion of the acquisition, the chief executive officer now owns 317,000 shares in the company, valued at $28,152,770. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP James P. Williams sold 5,250 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $93.24, for a total transaction of $489,510.00. Following the transaction, the senior vice president now owns 19,914 shares in the company, valued at $1,856,781.36. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
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Polaris Industries Company Profile
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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