DA Davidson Has Bearish Forecast for Polaris FY2025 Earnings

Polaris Inc. (NYSE:PII - Free Report) - DA Davidson dropped their FY2025 earnings per share estimates for shares of Polaris in a note issued to investors on Thursday, January 30th. DA Davidson analyst B. Rolle now anticipates that the company will post earnings of $1.10 per share for the year, down from their prior estimate of $2.15. DA Davidson has a "Buy" rating and a $60.00 price target on the stock. The consensus estimate for Polaris' current full-year earnings is $1.11 per share.

Polaris (NYSE:PII - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%.

A number of other analysts have also recently issued reports on the company. Truist Financial dropped their price objective on Polaris from $60.00 to $55.00 and set a "hold" rating on the stock in a report on Wednesday, January 29th. Morgan Stanley restated an "equal weight" rating and issued a $60.00 price objective (down from $81.00) on shares of Polaris in a research report on Tuesday, January 21st. Royal Bank of Canada reduced their price objective on shares of Polaris from $65.00 to $54.00 and set a "sector perform" rating for the company in a research note on Wednesday, January 29th. UBS Group lowered their target price on shares of Polaris from $67.00 to $48.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, Robert W. Baird reduced their price target on shares of Polaris from $84.00 to $72.00 and set an "outperform" rating for the company in a research report on Monday, December 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $66.17.

Polaris Stock Performance

Shares of Polaris stock traded up $0.16 during trading hours on Monday, reaching $45.44. The company had a trading volume of 1,249,507 shares, compared to its average volume of 1,921,420. The firm has a market cap of $2.53 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 14.51 and a beta of 1.50. Polaris has a one year low of $43.20 and a one year high of $100.91. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.15 and a quick ratio of 0.39. The business has a fifty day simple moving average of $57.13 and a 200 day simple moving average of $70.82.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PII. Kiltearn Partners LLP boosted its stake in shares of Polaris by 147.9% in the 3rd quarter. Kiltearn Partners LLP now owns 154,700 shares of the company's stock valued at $12,877,000 after purchasing an additional 92,300 shares in the last quarter. FMR LLC boosted its position in Polaris by 22.0% during the third quarter. FMR LLC now owns 133,665 shares of the company's stock valued at $11,126,000 after buying an additional 24,103 shares during the period. Quantinno Capital Management LP grew its stake in shares of Polaris by 545.1% during the third quarter. Quantinno Capital Management LP now owns 26,803 shares of the company's stock valued at $2,231,000 after buying an additional 22,648 shares during the last quarter. Caprock Group LLC increased its holdings in shares of Polaris by 174.4% in the fourth quarter. Caprock Group LLC now owns 10,531 shares of the company's stock worth $607,000 after buying an additional 6,693 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Polaris by 167.1% in the 3rd quarter. Victory Capital Management Inc. now owns 43,762 shares of the company's stock valued at $3,643,000 after acquiring an additional 27,375 shares during the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.67 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.68 annualized dividend and a yield of 5.90%. This is a positive change from Polaris's previous quarterly dividend of $0.66. Polaris's dividend payout ratio is currently 134.69%.

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.