Polaris Industries Inc. (NYSE:PII) is reporting second quarter financial results on Tuesday 28th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, PII is expected to report 2Q20 income of $ 0.63 per share from revenue of $ 1365.42 million.
For the full year, analysts anticipate top line of $ 6099.54 million, while looking forward to income of $ 3.88 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 6,919.00 million ~ $ 7,054.00 million, where as bottomline are predicted in a range of $ 6.80 ~ $ 7.05 per share
Click Here For More Historical Outlooks Of Polaris Industries Inc.
Previous Quarter Performance
Polaris Industries Inc. unwinded income for the first quarter of $ 0.22 per share, from the revenue of $ 1,405.00 million. The consensus estimates are income of $ 0.56 per share from $ 1430.00 million in revenue. The bottom line results missed street analysts by $ 0.34 or 60.71 percent, at the same time, top line results fell short of analysts by $ 25 million or 1.75 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of PII was $ 97.97, representing a 162.30 % increase from the 52 week low of $ 37.35 and a 6.13 % decrease over the 52 week high of $ 104.37.
The company has a market capital of $ 6.00 billion and is part of the Consumer Cyclical sector and Recreational Vehicles industry.
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Recent Analyst recommendations
- On 8th July 2020, maintained by Robert W. Baird at Neutral rating, with $ 100.00 target price.
- On 16th June 2020, maintained by Raymond James at Strong Buy rating, with $ 114.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.62 per share on May 26, 2020. The dividend were payable on June 15, 2020 to holders of record as of the close of business on June 5, 2020 and ex-dividend date on June 4, 2020.
Conference Call
Polaris Industries Inc. will be hosting a conference call at 10:00 AM eastern time on 28th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.polaris.com
Polaris Inc. designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats.
