Polaris Inc. (NYSE:PII) Expected to Announce Earnings of $1.54 Per Share


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Analysts expect Polaris Inc. (NYSE:PII) to report earnings per share of $1.54 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Polaris’ earnings, with the highest EPS estimate coming in at $1.85 and the lowest estimate coming in at $1.37. Polaris reported earnings of $0.22 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 600%. The firm is scheduled to issue its next earnings results before the market opens on Tuesday, April 27th.

On average, analysts expect that Polaris will report full-year earnings of $8.72 per share for the current fiscal year, with EPS estimates ranging from $8.63 to $8.80. For the next fiscal year, analysts forecast that the company will post earnings of $9.38 per share, with EPS estimates ranging from $9.08 to $9.80. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Polaris.

Polaris (NYSE:PII) last posted its quarterly earnings data on Monday, January 25th. The company reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.44. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $1.83 billion. Polaris had a net margin of 0.38% and a return on equity of 40.78%. The business’s quarterly revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.83 earnings per share.

A number of analysts have recently issued reports on PII shares. Zacks Investment Research raised shares of Polaris from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research report on Wednesday, January 20th. Raymond James increased their price target on shares of Polaris from $147.00 to $162.00 and gave the stock a “strong-buy” rating in a research report on Monday, March 29th. BMO Capital Markets increased their price target on shares of Polaris from $136.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 27th. Morgan Stanley increased their price objective on Polaris from $145.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, March 25th. Finally, Truist increased their price objective on Polaris from $110.00 to $125.00 in a report on Wednesday, January 27th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $120.24.

In other news, SVP James P. Williams sold 30,000 shares of the stock in a transaction that occurred on Monday, March 15th. The stock was sold at an average price of $138.84, for a total value of $4,165,200.00. Following the completion of the sale, the senior vice president now directly owns 48,185 shares of the company’s stock, valued at $6,690,005.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen L. Eastman sold 7,714 shares of the stock in a transaction that occurred on Wednesday, March 10th. The shares were sold at an average price of $133.55, for a total value of $1,030,204.70. Following the completion of the sale, the insider now directly owns 19,038 shares of the company’s stock, valued at $2,542,524.90. The disclosure for this sale can be found here. Insiders sold 187,821 shares of company stock valued at $24,733,195 over the last three months. 3.20% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in PII. Norges Bank acquired a new stake in Polaris in the fourth quarter worth about $67,572,000. Polar Asset Management Partners Inc. acquired a new position in shares of Polaris during the 3rd quarter worth about $39,909,000. SRS Investment Management LLC grew its position in shares of Polaris by 145.5% during the 3rd quarter. SRS Investment Management LLC now owns 584,500 shares of the company’s stock worth $55,142,000 after buying an additional 346,393 shares during the period. Diamond Hill Capital Management Inc. acquired a new position in shares of Polaris during the 4th quarter worth about $24,897,000. Finally, Renaissance Technologies LLC grew its position in shares of Polaris by 171.1% during the 4th quarter. Renaissance Technologies LLC now owns 395,200 shares of the company’s stock worth $37,655,000 after buying an additional 249,400 shares during the period. Institutional investors own 73.65% of the company’s stock.

NYSE PII opened at $137.61 on Monday. The company has a 50 day simple moving average of $129.77 and a 200-day simple moving average of $108.03. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.06 and a quick ratio of 0.52. The firm has a market capitalization of $8.47 billion, a price-to-earnings ratio of 417.00 and a beta of 2.05. Polaris has a 52-week low of $48.70 and a 52-week high of $140.93.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Monday, March 1st were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.83%. This is a boost from Polaris’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Friday, February 26th. Polaris’s dividend payout ratio is currently 39.87%.

Polaris Company Profile

Polaris Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles.

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Earnings History and Estimates for Polaris (NYSE:PII)

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