Polaris Industries Inc. (PII) to Release Quarterly Earnings on Tuesday
Polaris Industries Inc. (NYSE:PII) will be announcing its earnings results before the market opens on Tuesday, October 24th. Analysts expect the company to announce earnings of $1.26 per share for the quarter. Polaris Industries has set its FY17 guidance at $4.35-4.50 EPS.
Polaris Industries (NYSE:PII) last released its quarterly earnings data on Thursday, July 20th. The company reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.08. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the company earned $1.09 EPS. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. On average, analysts expect Polaris Industries to post $4.50 EPS for the current fiscal year and $5.33 EPS for the next fiscal year.
Shares of Polaris Industries Inc. (PII) opened at 103.45 on Tuesday. The company has a 50 day moving average of $102.45 and a 200-day moving average of $91.22. The company has a market cap of $6.47 billion, a PE ratio of 43.27 and a beta of 1.31. Polaris Industries Inc. has a 52-week low of $73.98 and a 52-week high of $108.46.
A number of equities analysts recently weighed in on the stock. Stifel Nicolaus reissued a “hold” rating and set a $87.00 target price (up previously from $86.00) on shares of Polaris Industries in a research note on Monday, July 24th. B. Riley reissued a “neutral” rating and set a $91.00 target price on shares of Polaris Industries in a research note on Friday, July 21st. Royal Bank Of Canada downgraded shares of Polaris Industries from a “sector perform” rating to an “underperform” rating and set a $80.00 target price for the company. in a research note on Friday, July 21st. Aegis reissued a “buy” rating and set a $107.00 target price on shares of Polaris Industries in a research note on Thursday, August 17th. Finally, Robert W. Baird downgraded shares of Polaris Industries from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $88.00 to $96.00 in a research note on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. Polaris Industries currently has a consensus rating of “Hold” and a consensus target price of $91.54.
In related news, Director George W. Bilicic purchased 2,833 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was purchased at an average cost of $95.18 per share, with a total value of $269,644.94. Following the completion of the purchase, the director now owns 2,833 shares in the company, valued at approximately $269,644.94. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Scott W. Wine purchased 1,293 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was bought at an average cost of $88.81 per share, with a total value of $114,831.33. Following the completion of the purchase, the chief executive officer now owns 317,000 shares of the company’s stock, valued at approximately $28,152,770. The disclosure for this purchase can be found here. 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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