Finally, Raymond James Financial Inc. reiterated a market perform rating on shares of Polaris Industries in a research report on Tuesday, July 12th. The company now has an average rating of Hold and a consensus price target of $90.52. That’s $2.50 to $2.70 per share lower than previously expected. 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.
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Since Polaris last updated its full year guidance and hosted its investor day in July, the Company has experienced additional RZR thermal-related issues and was unable to sufficiently validate the initially identified RZR Turbo recall fix, necessitating a more complex and expensive fix solution. The firm’s 50 day moving average price is $92.09 and its 200 day moving average price is $90.58. During the same quarter in the previous year, the company posted $1.49 EPS. Polaris Industries had a net margin of 8.21% and a return on equity of 40.69%. The company had revenue of $1130.80 million for the quarter, compared to analysts expectations of $1100.47 million. During the same quarter a year ago, the business posted $1.49 EPS. The firm’s quarterly revenue was up.6% compared to the same quarter a year ago.
Over the last twelve months Polaris Industries’s share price has increased from 0.00 to 76.87, changing by 0%.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. The ex-dividend date is Tuesday, August 30th. This represents a $2.20 annualized dividend and a yield of 2.72%. The 52 week high Polaris Industries’s shares have peaked at is 131.71 whilst the 52 week low for the company’s shares is 67.8. Polaris enhances the riding experience with parts, garments and accessories sold under multiple recognizable brands, and has a growing presence in adjacent markets globally with products including military and commercial off-road vehicles, quadricycles, and electric vehicles.
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