CL King Downgrades Polaris Industries (PII) to Neutral
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Polaris Industries (PII) Trims FY15 Sales, EPS Outlook
December 17, 2015 8:04 AM ESTPolaris Industries Inc. (NYSE: PII) announced lower full-year 2015 sales and earnings guidance. The Company now expects full-year 2015 sales to grow approximately four to five percent compared to 2014, due to a weaker than expected North American Off-Road Vehicles (ORV) and Snowmobile retail environment. This revision is a reduction from previously issued guidance of up 10 to 11 percent. Full-year 2015 earnings per share are now expected to be up approximately one to two percent compared to full year 2014, down from previous guidance of up 11 to 12 percent. Consistent with our previous guidance, the updated earnings per share guidance... More
