86.11 0.00 (0.00%)
After hours: 4:17PM EDT
|Bid||80.29 x 1400|
|Ask||89.40 x 800|
|Day's Range||84.90 - 88.11|
|52 Week Range||37.35 - 104.37|
|Beta (5Y Monthly)||2.05|
|PE Ratio (TTM)||19.86|
|Earnings Date||Jul 21, 2020 - Jul 27, 2020|
|Forward Dividend & Yield||2.48 (2.96%)|
|Ex-Dividend Date||Feb 28, 2020|
|1y Target Est||76.42|
Under the guidelines of state and local protocols for reopening business, Polaris Slingshot is working with participating dealers across the country to help local communities and families in need. Starting today, and through June 30, every consumer that test drive’s a Slingshot will represent a donation of up to 100 meals to families in need.
BJ's Wholesale Club, Polaris Industries, Abbott Laboratories, Eldorado Resorts and Apple highlighted as Zacks Bull and Bear of the Day
What happened Shares of Polaris Industries (NYSE: PII) surged 47.3% higher in April, according to data from S&P Global Market Intelligence. Unfortunately that wasn't enough to make up for the dive the stock suffered due to COVID-19, and the stock is still down over 30% year-to-date.
Scott Wine, our Chairman and Chief Executive Officer; and Mike Speetzen, our Chief Financial Officer, have remarks summarizing the quarter, and then we'll take some questions. The abrupt shutdown of global commerce was certainly a shock to our business, but our aggressive planful response has positioned us to navigate and win through this lockdown and the recession to come.
Shares of Polaris (NYSE:PII) were mostly flat in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share were down 79.63% year over year to $0.22, which missed the estimate of $0.55.Revenue of $1,405,000,000 less by 6.08% from the same period last year, which missed the estimate of $1,410,000,000.Guidance Polaris hasn't issued any earnings guidance for the time being.Polaris hasn't issued any revenue guidance for the time being.Conference Call Details Date: Apr 28, 2020View more earnings on PIITime: 10:01 AM ETWebcast URL: https://78449.choruscall.com/dataconf/productusers/pii/mediaframe/36796/indexr.htmlTechnicals 52-week high: $104.3752-week low: $37.35Price action over last quarter: down 28.59%Company Overview Polaris designs and manufactures off-road vehicles, including all-terrain vehicles and side-by-side vehicles for recreational and utility purposes, snowmobiles, small vehicles, and on-road vehicles, including motorcycles and low-emission vehicles, along with the related replacement parts, garments, and accessories. The firm entered the aftermarket parts segment in 2016, tying up with Transamerican Auto Parts and then tapped into boats through the acquisition on Boat Holdings in 2018 and Larson in 2019, offering exposure to new segments of the outdoor lifestyle market. Polaris products retailed through 2,250 dealers in North America and through 1,400 international dealers as well as 32 subsidiaries and 85 distributors in more than 120 countries outside North America at the end of 2019.See more from Benzinga * Centene: Q1 Earnings Insights * Yandex: Q1 Earnings Insights * Recap: Dime Community Bancshares Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Because of the broad range of power sports vehicles that Polaris Industries (NYSE: PII) produces, its performance will be different from others in the space, even as new economic realities change the industry's landscape. ATVs are an especially price-sensitive segment of the market and side-by-side sales typically carry higher margins for Polaris. At the end of March, Polaris announced it was shutting down all of its manufacturing plants.
Overall first-quarter 2020 earnings and revenues for the auto sector are projected to be down 82.2% and 13% year over year, respectively.
Baker and Ecolab have taken a leadership role in organizing Minnesota companies to assist the state in getting protective equipment like masks and gloves.
In a time of unprecedented events, millions of Americans are going above and beyond; whether it’s a battle through new adversity in daily life or helping someone in need. In an effort to shine a light and celebrate these individuals, Polaris Slingshot is asking its community to share stories about the superheroes in their lives.
Polaris Inc. (NYSE: PII) today announced it has donated nearly 1,300 pairs of 509 and KLIM goggles to support Goggles For Docs, providing eyewear to healthcare workers battling the COVID-19 pandemic. This donation comes at a critical time as healthcare workers and first responders face a shortage of personal protective equipment (PPE) needed during the COVID-19 pandemic. The donation of nearly 1,300 pairs of goggles equate to a total MSRP of $72,200 and were distributed to hospitals and medical facilities across the nation including AMR Riverside in California, Newark Division of Fire & EMS in Ohio and Emory University Hospital in Georgia, among others.
Polaris Announces an Incremental $300 Million Unsecured Term Loan Under Existing Credit Facility
The manufacturer, which had temporarily idled all of its production facilities while it evaluated the economic damage from the spreading coronavirus, will resume making products with enough demand, such as those made for the government sector. CEO Scott Wine will give up his salary this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Gov. Walz will be in self-quarantine for the next two weeks after coming into contact with someone who has COVID-19.
Polaris Inc. said Monday that it was suspending production at 5 plants in the U.S. and 2 overseas, as it prepares for powersports vehicle retail demand to be down "significantly" as a result of the COVID-19 pandemic. The stock slumped 5% in afternoon trading. The affected plans in the U.S. are in Huntsville, Alabama, Spirit Lake, Iowa, Monticello and Roseau, Minnesota, Battle Ground, Washington and Osceola, Wisconsin. The company said it has established a program in which employees may choose to receive up to 10 days of pay. Other steps Polaris said it was taking during the pandemic was to suspend its share repurchase program, postpone capital expenditures and explore access to additional capital. The company also withdrew its financial guidance. Chief Executive Scott Wine said that he believes most of the company's vehicles are "highly amenable to social distancing," and therefore does not expect its customers to hibernate. But the company said it was still preparing for a reduced retail vehicle demand, consistent with 2008. The stock has tumbled 50% over the past month, while the Dow Jones Industrial Average has declined 34%.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]