Polaris (PII) Scheduled to Post Quarterly Earnings on Tuesday

Polaris (NYSE:PIIGet Free Report) will be issuing its quarterly earnings data before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Polaris has set its FY 2024 guidance at 7.786-8.244 EPS and its FY24 guidance at ~$7.79-8.24 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Polaris (NYSE:PIIGet Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.69). Polaris had a return on equity of 40.98% and a net margin of 5.63%. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the previous year, the company earned $3.46 earnings per share. The company’s revenue was down 4.8% on a year-over-year basis. On average, analysts expect Polaris to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Polaris Trading Up 1.0 %

NYSE PII opened at $87.39 on Monday. Polaris has a one year low of $82.00 and a one year high of $138.49. The company’s 50 day moving average price is $93.03 and its 200 day moving average price is $91.75. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.46 and a current ratio of 1.39. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 2.37 and a beta of 1.60.

Polaris Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.66 dividend. This is a positive change from Polaris’s previous quarterly dividend of $0.65. The ex-dividend date was Thursday, February 29th. This represents a $2.64 annualized dividend and a yield of 3.02%. Polaris’s dividend payout ratio (DPR) is presently 30.34%.

Analyst Ratings Changes

Several research analysts recently commented on PII shares. DA Davidson restated a “neutral” rating and issued a $80.00 price target on shares of Polaris in a report on Tuesday, March 5th. Longbow Research raised shares of Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Monday, April 8th. Bank of America began coverage on shares of Polaris in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $110.00 price target for the company. Morgan Stanley raised shares of Polaris from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $103.00 to $113.00 in a research report on Wednesday, January 17th. Finally, Truist Financial decreased their price target on shares of Polaris from $100.00 to $96.00 and set a “hold” rating for the company in a research report on Wednesday, January 31st. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $104.73.

View Our Latest Research Report on Polaris

Institutional Investors Weigh In On Polaris

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Cerity Partners LLC acquired a new stake in Polaris during the 4th quarter worth about $218,000. Advisors Asset Management Inc. grew its stake in shares of Polaris by 42.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,029 shares of the company’s stock valued at $211,000 after buying an additional 603 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Polaris in the 4th quarter valued at approximately $209,000. Quadrature Capital Ltd bought a new stake in shares of Polaris in the 2nd quarter valued at approximately $209,000. Finally, Centiva Capital LP bought a new stake in shares of Polaris in the 4th quarter valued at approximately $206,000. 88.06% of the stock is currently owned by institutional investors.

About Polaris

(Get Free Report)

Polaris Inc designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off-Road, On-Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; and moto-roadsters, quadricycles, and boats.

See Also

Earnings History for Polaris (NYSE:PII)

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