Tariffs Stall Polaris’ 2019 Profit Growth, but Demand Remains Solid, Supporting Its Wide Moat
The full-year impact of tariffs, along with other factors have weighed on wide-moat Polaris' 2019 opportunity for profit growth. Shares initially tumbled on the company’s 2019 earnings per share outlook of $6.00-$6.25, representing a 7% decline from 2018’s $6.56 in EPS at the midpoint, leading to a reset of both our and consensus $6.87 and $6.96 EPS forecasts, respectively. However, tariffs penalized Polaris’ 2019 outlook by $1.00 in EPS, implying that the company could have seen EPS above both ...Polaris designs, engineers and manufactures powersports vehicles which include, off-road vehicles, including all-terrain vehicles and side-by-side vehicles for recreational and utility use, snowmobiles, motorcycles, global adjacent markets vehicles, including commercial, government and defense vehicles, and boats. The company's products, together with related Parts, Garments and Accessories, as well as aftermarket accessories and apparel, are sold through dealers, distributors and retail stores principally located in the United States, Canada, Western Europe, Australia and Mexico.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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