Polaris Industries Inc. (PII) Issues FY17 Earnings Guidance

Polaris Industries Inc. (NYSE:PII) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $4.35-4.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.42. The company issued revenue guidance of $5.06-5.15 billion, compared to the consensus revenue estimate of $5.09 billion.

A number of research analysts have commented on the company. Royal Bank Of Canada downgraded Polaris Industries from a sector perform rating to an underperform rating and set a $80.00 target price on the stock. in a research note on Friday, July 21st. Robert W. Baird cut Polaris Industries from an outperform rating to a neutral rating and boosted their price objective for the stock from $88.00 to $96.00 in a research report on Friday, July 21st. Lake Street Capital upped their price target on Polaris Industries from $102.00 to $106.00 and gave the company a buy rating in a report on Friday, July 21st. B. Riley reiterated a neutral rating and issued a $91.00 price objective on shares of Polaris Industries in a research note on Friday, July 21st. Finally, TheStreet upgraded Polaris Industries from a c rating to a b- rating in a research report on Thursday, July 20th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $86.87.

Shares of Polaris Industries Inc. (NYSE:PII) traded up 1.02% during trading on Wednesday, hitting $89.33. 470,899 shares of the stock traded hands. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 37.36 and a beta of 1.31. The company has a 50 day moving average price of $90.58 and a 200 day moving average price of $86.94. Polaris Industries Inc. has a 12 month low of $70.14 and a 12 month high of $99.16.

Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.08. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The company’s revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 earnings per share. Analysts anticipate that Polaris Industries Inc. will post $4.48 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.58 per share. The ex-dividend date is Wednesday, August 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.60%. Polaris Industries’s dividend payout ratio is 97.07%.

ILLEGAL ACTIVITY NOTICE: “Polaris Industries Inc. (PII) Issues FY17 Earnings Guidance” was first reported by BBNS and is the sole property of of BBNS. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://baseballnewssource.com/markets/polaris-industries-inc-pii-updates-fy17-earnings-guidance-updated-updated-updated/1252560.html.

About Polaris Industries

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.

Earnings History and Estimates for Polaris Industries (NYSE:PII)

Receive News & Ratings for Polaris Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Los Angeles Dodgers Move 50 Games Over .500
Los Angeles Dodgers Move 50 Games Over .500
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns


Leave a Reply

 
© 2006-2017 BBNS.