Polaris Industries (NYSE:PII) Releases FY 2019 Earnings Guidance
Polaris Industries (NYSE:PII) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $6.20-6.30 for the period, compared to the Thomson Reuters consensus estimate of $6.24. The company issued revenue guidance of $6.812-6.812 billion, compared to the consensus revenue estimate of $6.83 billion.Polaris Industries also updated its FY19 guidance to $6.20-6.30 EPS.
NYSE PII traded down $0.27 on Wednesday, reaching $101.09. The stock had a trading volume of 319,576 shares, compared to its average volume of 572,948. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.33 and a current ratio of 1.18. Polaris Industries has a 12-month low of $70.27 and a 12-month high of $103.19. The business’s 50-day moving average price is $87.28 and its 200 day moving average price is $88.72. The stock has a market cap of $5.59 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 1.22 and a beta of 1.46.
Polaris Industries (NYSE:PII) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.10. Polaris Industries had a return on equity of 45.12% and a net margin of 4.94%. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the previous year, the business earned $1.86 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts predict that Polaris Industries will post 6.22 earnings per share for the current year.
Polaris Industries Company Profile
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.
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