Polaris Inc. (NYSE:PII - Free Report) - Equities researchers at KeyCorp issued their FY2024 earnings per share estimates for shares of Polaris in a research note issued to investors on Wednesday, January 8th. KeyCorp analyst N. Zatzkin anticipates that the company will post earnings per share of $3.20 for the year. KeyCorp currently has a "Sector Weight" rating on the stock. The consensus estimate for Polaris' current full-year earnings is $3.22 per share. KeyCorp also issued estimates for Polaris' Q4 2024 earnings at $0.87 EPS, Q1 2025 earnings at ($0.20) EPS, Q3 2025 earnings at $0.81 EPS, Q4 2025 earnings at $0.79 EPS and FY2025 earnings at $2.25 EPS.
Several other equities analysts have also weighed in on the stock. StockNews.com lowered shares of Polaris from a "hold" rating to a "sell" rating in a report on Wednesday, January 8th. Royal Bank of Canada reduced their price objective on Polaris from $82.00 to $73.00 and set a "sector perform" rating on the stock in a research note on Wednesday, October 23rd. Robert W. Baird lowered their target price on Polaris from $84.00 to $72.00 and set an "outperform" rating for the company in a research note on Monday, December 30th. DA Davidson reduced their price target on Polaris from $87.00 to $84.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Finally, Truist Financial decreased their price target on Polaris from $76.00 to $60.00 and set a "hold" rating for the company in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Polaris presently has an average rating of "Hold" and a consensus price target of $84.00.
Get Our Latest Analysis on Polaris
Polaris Trading Down 2.4 %
Shares of PII stock opened at $54.09 on Monday. Polaris has a fifty-two week low of $52.77 and a fifty-two week high of $100.91. The firm's 50 day moving average price is $63.35 and its two-hundred day moving average price is $74.28. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 6.59 and a beta of 1.53. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28.
Polaris (NYSE:PII - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.15). The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The business's revenue for the quarter 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.
Polaris Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 4.88%. The ex-dividend date was Monday, December 2nd. Polaris's payout ratio is currently 73.74%.
Hedge Funds Weigh In On Polaris
Several large investors have recently modified their holdings of PII. Venturi Wealth Management LLC raised its stake in Polaris by 534.5% during the third quarter. Venturi Wealth Management LLC now owns 349 shares of the company's stock valued at $29,000 after buying an additional 294 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Polaris by 2,431.3% in the 3rd quarter. Blue Trust Inc. now owns 405 shares of the company's stock valued at $32,000 after acquiring an additional 389 shares during the last quarter. Quarry LP raised its position in shares of Polaris by 187.4% during the 3rd quarter. Quarry LP now owns 388 shares of the company's stock valued at $32,000 after acquiring an additional 253 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Polaris by 232.6% during the 4th quarter. GAMMA Investing LLC now owns 968 shares of the company's stock valued at $56,000 after acquiring an additional 677 shares in the last quarter. Finally, Abich Financial Wealth Management LLC bought a new position in Polaris during the second quarter worth $57,000. Institutional investors own 88.06% of the company's stock.
About Polaris
(
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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.
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