Polaris Industries (NYSE:PII) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $6.20-6.30 for the period, compared to the Thomson Reuters consensus estimate of $6.24. The company issued revenue guidance of $6.81 billion, compared to the consensus revenue estimate of $6.83 billion.Polaris Industries also updated its FY 2019 guidance to $6.20-6.30 EPS.
Shares of NYSE PII traded up $5.78 during trading hours on Tuesday, hitting $97.18. The stock had a trading volume of 61,856 shares, compared to its average volume of 529,682. The company has a market capitalization of $5.59 billion, a P/E ratio of 15.03, a P/E/G ratio of 1.21 and a beta of 1.46. The firm’s 50-day moving average price is $86.87 and its two-hundred day moving average price is $88.64. Polaris Industries has a 52 week low of $70.27 and a 52 week high of $103.19. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.33 and a current ratio of 1.18.
Polaris Industries (NYSE:PII) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.11. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Polaris Industries had a return on equity of 45.12% and a net margin of 4.94%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.86 EPS. As a group, analysts expect that Polaris Industries will post 6.22 EPS for the current fiscal year.
Several equities research analysts recently commented on PII shares. ValuEngine raised Polaris Industries from a sell rating to a hold rating in a research note on Tuesday, September 10th. Raymond James lowered their price target on Polaris Industries from $115.00 to $108.00 and set a strong-buy rating for the company in a research note on Wednesday, July 24th. They noted that the move was a valuation call. KeyCorp set a $125.00 target price on Polaris Industries and gave the stock a buy rating in a report on Tuesday, September 3rd. UBS Group upgraded Polaris Industries from a neutral rating to a buy rating and boosted their target price for the stock from $97.00 to $105.00 in a report on Wednesday, July 31st. Finally, Zacks Investment Research lowered Polaris Industries from a hold rating to a sell rating in a report on Saturday, September 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $107.50.
About Polaris Industries
Polaris Industries 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 bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.
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