Polaris (NYSE:PII) issued an update on its FY 2020
After-Hours earnings guidance on Tuesday morning. The company provided EPS guidance of 7.15-7.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.28. The company issued revenue guidance of $6.919-6.986 billion, compared to the consensus revenue estimate of $6.97 billion.
Shares of PII traded up $0.55 during trading hours on Tuesday, hitting $97.01. 461,223 shares of the company were exchanged, compared to its average volume of 934,050. The company has a market cap of $5.95 billion, a price-to-earnings ratio of -106.60 and a beta of 2.11. Polaris has a fifty-two week low of $37.35 and a fifty-two week high of $110.30. The company has a quick ratio of 0.45, a current ratio of 0.99 and a debt-to-equity ratio of 1.85. The firm’s fifty day moving average is $95.07 and its 200 day moving average is $93.40.
Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, October 27th. The company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.66. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.93 billion. Polaris had a positive return on equity of 32.38% and a negative net margin of 0.83%. Polaris’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $1.68 earnings per share. Analysts anticipate that Polaris will post 6.66 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Monday, November 30th. Polaris’s dividend payout ratio (DPR) is presently 39.24%.
Several analysts recently weighed in on the company. Robert W. Baird raised Polaris from a neutral rating to an outperform rating and set a $122.00 price objective on the stock in a research note on Monday, October 5th. Longbow Research raised Polaris from a neutral rating to a buy rating and set a $114.00 price objective on the stock in a research note on Wednesday, September 30th. Zacks Investment Research upgraded Polaris from a hold rating to a buy rating and set a $111.00 target price for the company in a research report on Tuesday, October 6th. KeyCorp increased their target price on Polaris from $90.00 to $120.00 and gave the company an overweight rating in a research report on Wednesday, July 29th. Finally, Raymond James increased their target price on Polaris from $127.00 to $128.00 and gave the company a strong-buy rating in a research report on Wednesday, October 28th. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Polaris presently has a consensus rating of Buy and a consensus price target of $100.73.
Polaris Company Profile
Polaris 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 bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles.
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