Top Ranked Growth Stocks to Buy for March 25th
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.
BJ's Wholesale Club, Polaris Industries, Abbott Laboratories, Eldorado Resorts and Apple highlighted as Zacks Bull and Bear of the Day
Polaris Reports First Quarter 2020 Earnings Results
Polaris Announces an Incremental $300 Million Unsecured Term Loan Under Existing Credit Facility
The powersports vehicle maker doesn't sound too hopeful for the rest of the year, or into 2021 either.
Polaris Takes Additional Measures to Address COVID-19 Impact
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.
Q1 2020 Polaris Inc Earnings Call
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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.
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.
Bear of the Day: Polaris Inc (PII)
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.
POLARIS DECLARES REGULAR CASH DIVIDEND AND ANNOUNCES COVENANT RELIEF
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.
Baker and Ecolab have taken a leadership role in organizing Minnesota companies to assist the state in getting protective equipment like masks and gloves.
Overall first-quarter 2020 earnings and revenues for the auto sector are projected to be down 82.2% and 13% year over year, respectively.
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.
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.