Polaris Industries (PII) to Release Earnings on Tuesday

Polaris Industries (NYSE:PII) is scheduled to be releasing its earnings data before the market opens on Tuesday, January 30th. Analysts expect Polaris Industries to post earnings of $1.47 per share for the quarter.

Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.24. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.40 billion. Polaris Industries had a net margin of 3.90% and a return on equity of 33.81%. The company’s revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 earnings per share. On average, analysts expect Polaris Industries to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Polaris Industries (NYSE PII) opened at $133.84 on Tuesday. The firm has a market cap of $8,370.00, a P/E ratio of 42.09, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40. Polaris Industries has a 12-month low of $77.91 and a 12-month high of $136.55. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.04 and a quick ratio of 0.34.

A number of research firms have weighed in on PII. Zacks Investment Research upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $148.00 price target for the company in a research report on Saturday. Royal Bank of Canada upgraded shares of Polaris Industries from an “underperform” rating to a “sector perform” rating and set a $127.00 price target for the company in a research report on Monday. Stephens set a $133.00 price target on shares of Polaris Industries and gave the stock a “hold” rating in a research report on Friday. Longbow Research upgraded shares of Polaris Industries from an “underperform” rating to a “neutral” rating in a research report on Wednesday, January 17th. Finally, Wedbush reiterated a “neutral” rating and issued a $119.00 price target (up from $112.00) on shares of Polaris Industries in a research report on Wednesday, January 3rd. Sixteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $108.31.

In related news, SVP Stacy L. Bogart sold 20,000 shares of Polaris Industries stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $122.05, for a total value of $2,441,000.00. Following the completion of the sale, the senior vice president now directly owns 30,975 shares in the company, valued at approximately $3,780,498.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen L. Eastman sold 8,500 shares of Polaris Industries stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $119.25, for a total transaction of $1,013,625.00. Following the completion of the sale, the insider now owns 18,846 shares of the company’s stock, valued at $2,247,385.50. The disclosure for this sale can be found here. Insiders sold a total of 58,102 shares of company stock worth $7,174,301 over the last 90 days. Company insiders own 2.20% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/23/polaris-industries-pii-to-release-earnings-on-tuesday.html.

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.

Earnings History for Polaris Industries (NYSE:PII)

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.

Leave a Reply