Polaris Industries (NYSE:PII) updated its FY19 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 $6.96. The company issued revenue guidance of $6752-6874 million, compared to the consensus revenue estimate of $6.69 billion.Polaris Industries also updated its FY 2019 guidance to $6.00-6.25 EPS.
A number of research firms have issued reports on PII. ValuEngine downgraded Polaris Industries from a hold rating to a sell rating in a research report on Tuesday, January 29th. TheStreet downgraded Polaris Industries from a b- rating to a c+ rating in a research report on Friday, January 4th. Citigroup lowered their price target on Polaris Industries from $126.00 to $104.00 and set a buy rating for the company in a research report on Tuesday, October 30th. Wells Fargo & Co lowered their price target on Polaris Industries from $115.00 to $90.00 and set an outperform rating for the company in a research report on Tuesday, December 18th. Finally, Raymond James upgraded Polaris Industries from a market perform rating to a strong-buy rating in a research note on Friday, October 26th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Polaris Industries presently has an average rating of Hold and a consensus target price of $104.17.
NYSE:PII opened at $85.95 on Friday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.43 and a current ratio of 1.24. Polaris Industries has a one year low of $70.27 and a one year high of $131.25. The stock has a market capitalization of $5.29 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 0.94 and a beta of 1.14.
Polaris Industries (NYSE:PII) last released its quarterly earnings results on Tuesday, January 29th. The company reported $1.83 EPS for the quarter, topping 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 business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the firm posted $1.47 earnings per share. The company’s revenue was up 13.7% compared to the same quarter last year. As a group, equities research analysts predict that Polaris Industries will post 6.17 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $2.44 annualized dividend and a yield of 2.84%. This is a boost from Polaris Industries’s previous quarterly dividend of $0.60. Polaris Industries’s dividend payout ratio is presently 36.59%.
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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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