Polaris Industries (PII) reported quarterly earnings results on Wednesday, Jul-20-2016. The company said it had a profit of $1.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $1.05. The company posted revenue of $1130.80 million in the period, compared to analysts expectations of $1100.47 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS.
Many Wall Street Analysts have commented on Polaris Industries. Polaris Industries was Downgraded by Raymond James to ” Mkt Perform” on Jul 12, 2016. Shares were Reiterated by RBC Capital Mkts on Jul 1, 2016 to “Sector Perform” and Lowered the Price Target to $ 84 from a previous price target of $97 .Shares were Reiterated by Lake Street on Jun 29, 2016 to “Buy” and Lowered the Price Target to $ 106 from a previous price target of $121 .
Polaris Industries opened for trading at $87.55 and hit $88.99 on the upside on Monday, eventually ending the session at $88.51, with a gain of 0.50% or 0.44 points. The heightened volatility saw the trading volume jump to 11,74,726 shares. Company has a market cap of $5,720 M.
In a different news, on May 25, 2016, Kevin M Farr (director) purchased 2,100 shares at $83.15 per share price. According to the SEC, on May 4, 2016, David C. Longren (President-ORV) sold 21,108 shares at $99.00 per share price. On Feb 1, 2016, Lawrence D Kingsley (director) purchased 6,925 shares at $72.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Polaris Industries Inc. (Polaris) designs engineers and manufactures off-road vehicles (ORV) including all-terrain vehicles (ATV) and side-by-side vehicles for recreational and utility use snowmobiles motorcycles and small vehicles (SV). These products are sold through dealers and distributors located in the United States Canada and Europe. The Company’s ORVs include core ATVs and RANGER and RZR side-by-side vehicles. The Company produces a range of snowmobiles consisting of 32 models ranging from youth models to utility and economy models to performance and competition models. Polaris’ Motorcycles division consists of Victory Indian motorcycles and three-wheel roadster motorcycle Slingshot. The Company offer products in the light-duty hauling people mover and urban/suburban commuting sub-sectors of the small vehicles industry. The Company produces or supplies a range of replacement parts and accessories for its product lines.