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%.
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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.
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