Polaris Industries Inc. (PII) Scheduled to Post Quarterly Earnings on Thursday
Polaris Industries Inc. (NYSE:PII) is scheduled to be issuing its quarterly earnings data 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 announced its earnings results on Tuesday, April 25th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Polaris Industries had a negative net margin of 0.25% and a negative return on equity of 1.37%. The company’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. 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. Polaris Industries Inc. has a one year low of $70.14 and a one year high of $99.00. The stock has a 50 day moving average of $88.54 and a 200-day moving average of $86.27. The firm has a market capitalization of $5.78 billion, a PE ratio of 36.44 and a beta of 1.32.
Several equities research analysts recently issued reports on PII shares. B. Riley reissued a “neutral” rating and set a $82.00 price target on shares of Polaris Industries in a research report on Friday, April 21st. Zacks Investment Research raised Polaris Industries from a “strong sell” rating to a “hold” rating in a research report on Saturday, April 15th. Royal Bank Of Canada reissued a “hold” rating and set a $79.00 price target on shares of Polaris Industries in a research report on Friday, June 9th. Longbow Research reissued an “underperform” rating and set a $60.00 price target on shares of Polaris Industries in a research report on Monday. Finally, BidaskClub raised Polaris Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $83.43.
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In other news, Director Gwenne A. Henricks bought 1,200 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The stock was acquired at an average price of $92.27 per share, with a total value of $110,724.00. Following the completion of the purchase, the director now directly owns 1,200 shares of the company’s stock, valued at approximately $110,724. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael T. Speetzen sold 5,000 shares of the firm’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $84.07, for a total value of $420,350.00. Following the transaction, the executive vice president now directly owns 10,333 shares of the company’s stock, valued at approximately $868,695.31. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
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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