Polaris Industries (NYSE:PII) Releases FY20 Earnings Guidance

Polaris Industries (NYSE:PII) issued an update on its FY20 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $6.80 to $7.05 for the period, compared to the Thomson Reuters consensus estimate of $6.73. The company issued revenue guidance of $6918.66 million to $7054.32 million, compared to the consensus revenue estimate of $7.08 billion.Polaris Industries also updated its FY 2020
Pre-Market guidance to 6.80-7.05 EPS.

PII traded up $4.95 during trading hours on Tuesday, hitting $95.93. 79,614 shares of the company’s stock were exchanged, compared to its average volume of 594,339. Polaris Industries has a 1-year low of $77.05 and a 1-year high of $104.37. The stock’s 50-day moving average is $97.26 and its two-hundred day moving average is $92.46. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 1.12 and a beta of 1.46. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 1.77.

PII has been the subject of several recent research reports. Wedbush cut shares of Polaris Industries from an outperform rating to a neutral rating in a report on Friday, January 17th. Raymond James upped their price target on shares of Polaris Industries from $108.00 to $117.00 and gave the stock a strong-buy rating in a research report on Wednesday, October 23rd. Zacks Investment Research lowered shares of Polaris Industries from a buy rating to a hold rating in a research report on Thursday, January 2nd. Wells Fargo & Co reaffirmed a buy rating on shares of Polaris Industries in a research report on Wednesday, October 23rd. Finally, Lake Street Capital upped their price target on shares of Polaris Industries from $112.00 to $118.00 and gave the stock a buy rating in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $110.33.

In other Polaris Industries news, insider Stephen L. Eastman sold 7,500 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $99.08, for a total transaction of $743,100.00. Following the sale, the insider now directly owns 20,678 shares of the company’s stock, valued at $2,048,776.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

About Polaris Industries

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.

Featured Story: How much money do you need to begin day trading?

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

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