Polaris Inc. (PII) to Issue Quarterly Dividend of $0.66 on December 16th

Polaris Inc. (NYSE:PII) declared a quarterly dividend on Thursday, October 24th,RTT News reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 0.66 per share on Monday, December 16th. This represents a $2.64 annualized dividend and a yield of 3.82%. The ex-dividend date is Monday, December 2nd.

Polaris has increased its dividend by an average of 1.6% per year over the last three years and has increased its dividend every year for the last 29 years. Polaris has a payout ratio of 68.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Polaris to earn $3.84 per share next year, which means the company should continue to be able to cover its $2.64 annual dividend with an expected future payout ratio of 68.8%.

Polaris Stock Performance

Shares of NYSE PII opened at $69.10 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. The business’s 50 day moving average is $74.97 and its two-hundred day moving average is $78.77. The company has a market cap of $3.85 billion, a P/E ratio of 19.30, a P/E/G ratio of 7.13 and a beta of 1.52. Polaris has a 12 month low of $64.56 and a 12 month high of $100.91.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.15). The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The business’s quarterly revenue was down 23.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.71 earnings per share. On average, equities analysts expect that Polaris will post 3.22 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PII shares. DA Davidson lowered their price objective on Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Royal Bank of Canada lowered their price objective on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 23rd. Robert W. Baird lowered their price objective on Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. KeyCorp lowered their price objective on Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, StockNews.com raised Polaris from a “sell” rating to a “hold” rating in a research note on Thursday. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Polaris has an average rating of “Hold” and an average price target of $87.09.

About Polaris

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.