Polaris Industries Inc. (NYSE:PII) will announce its earnings results before the market opens on Thursday, July 20th. Analysts expect the company to announce earnings of $1.08 per share for the quarter. Polaris Industries has set its FY17 guidance at $4.25-4.50 EPS.
Polaris Industries (NYSE:PII) last released its quarterly earnings results on Tuesday, April 25th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. Polaris Industries had a negative net margin of 0.25% and a negative return on equity of 1.37%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the company earned $0.71 EPS. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. On average, analysts expect Polaris Industries to post $4.43 EPS for the current fiscal year and $5.18 EPS for the next fiscal year.
Polaris Industries Inc. (NYSE PII) opened at 91.83 on Wednesday. The company’s 50 day moving average is $88.54 and its 200-day moving average is $86.27. The stock has a market capitalization of $5.78 billion, a PE ratio of 36.44 and a beta of 1.32. Polaris Industries Inc. has a 1-year low of $70.14 and a 1-year high of $99.00.
Several research firms recently issued reports on PII. B. Riley restated a “neutral” rating and set a $84.00 price objective on shares of Polaris Industries in a research report on Monday, May 1st. Stifel Nicolaus increased their target price on shares of Polaris Industries from $82.00 to $86.00 and gave the stock a “hold” rating in a research note on Friday, July 14th. BidaskClub lowered shares of Polaris Industries from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Longbow Research reaffirmed an “underperform” rating and set a $60.00 target price on shares of Polaris Industries in a research note on Monday. Finally, Zacks Investment Research raised shares of Polaris Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. Polaris Industries currently has a consensus rating of “Hold” and a consensus target price of $83.43.
In related news, EVP Michael T. Speetzen sold 5,000 shares of Polaris Industries stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $84.07, for a total value of $420,350.00. Following the completion of the transaction, the executive vice president now owns 10,333 shares in the company, valued at $868,695.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Matthew J. Homan sold 2,600 shares of Polaris Industries stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $86.96, for a total transaction of $226,096.00. Following the completion of the transaction, the insider now owns 20,871 shares of the company’s stock, valued at approximately $1,814,942.16. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
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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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