Polaris Industries (PII) Issues FY 2019 Earnings Guidance

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Polaris Industries (NYSE:PII) updated its FY 2019 earnings guidance on Tuesday. The company provided EPS guidance of $6.00-6.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.95. The company issued revenue guidance of $6.752-6.874 billion, compared to the consensus revenue estimate of $6.69 billion.Polaris Industries also updated its FY19 guidance to $6.00-6.25 EPS.

Several brokerages recently issued reports on PII. Zacks Investment Research lowered Polaris Industries from a hold rating to a sell rating in a report on Wednesday, October 17th. ValuEngine lowered Polaris Industries from a hold rating to a sell rating in a report on Tuesday. Longbow Research restated a hold rating on shares of Polaris Industries in a report on Tuesday, October 23rd. BMO Capital Markets cut their target price on Polaris Industries from $110.00 to $90.00 and set a market perform rating on the stock in a report on Wednesday, October 24th. Finally, TheStreet lowered Polaris Industries from a b- rating to a c+ rating in a report on Friday, January 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $104.17.

NYSE PII traded down $0.92 during trading on Thursday, hitting $83.66. 59,115 shares of the company traded hands, compared to its average volume of 665,185. Polaris Industries has a 12 month low of $70.27 and a 12 month high of $131.25. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.24 and a quick ratio of 0.40. The firm has a market cap of $5.13 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 0.90 and a beta of 1.18.

Polaris Industries (NYSE:PII) last posted its earnings results on Tuesday, January 29th. The company reported $1.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.01. Polaris Industries had a return on equity of 45.91% and a net margin of 5.52%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the company earned $1.47 earnings per share. The business’s revenue was up 13.7% compared to the same quarter last year. On average, equities analysts expect that Polaris Industries will post 6.13 EPS for the current year.

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Polaris Industries Company Profile

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. The company operates through four segments: Off-Road Vehicles (ORVs)/Snowmobiles, Motorcycles, Global Adjacent Markets, and Aftermarket. It offers ORVs, including all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; motorcycles; and low emission, light duty hauling, passenger, commercial, and industrial vehicles, as well as snow bike conversion kit systems.

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Earnings History and Estimates for Polaris Industries (NYSE:PII)

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