DA Davidson Has Pessimistic View of Polaris FY2025 Earnings

Polaris Inc. (NYSE:PII - Free Report) - Analysts at DA Davidson cut their FY2025 earnings per share (EPS) estimates for Polaris in a note issued to investors on Thursday, October 24th. DA Davidson analyst B. Rolle now expects that the company will earn $5.25 per share for the year, down from their prior forecast of $6.00. DA Davidson has a "Buy" rating and a $84.00 price objective on the stock. The consensus estimate for Polaris' current full-year earnings is $3.22 per share.

Polaris (NYSE:PII - Get Free Report) last posted 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 for the quarter, compared to analysts' expectations of $1.77 billion. Polaris had a return on equity of 17.92% and a net margin of 2.64%. The company's revenue for the quarter was down 23.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.71 earnings per share.

A number of other brokerages also recently weighed in on PII. Longbow Research reiterated a "neutral" rating on shares of Polaris in a report on Wednesday, July 24th. Bank of America lowered their price target on shares of Polaris from $86.00 to $85.00 and set a "neutral" rating on the stock in a report on Wednesday, July 24th. Roth Mkm cut their price objective on Polaris from $92.00 to $79.00 and set a "neutral" rating for the company in a report on Wednesday, July 24th. KeyCorp lowered their target price on Polaris from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 23rd. Finally, Truist Financial cut their price target on Polaris from $92.00 to $82.00 and set a "hold" rating for the company in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $87.09.

Polaris Stock Up 3.9 %

NYSE:PII traded up $2.80 during trading hours on Monday, hitting $74.05. 1,285,864 shares of the company's stock traded hands, compared to its average volume of 734,562. The stock's fifty day moving average price is $81.39 and its two-hundred day moving average price is $81.46. The firm has a market cap of $4.13 billion, a P/E ratio of 20.68, a P/E/G ratio of 7.46 and a beta of 1.51. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. Polaris has a twelve month low of $68.59 and a twelve month high of $100.91.

Polaris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.66 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.64 annualized dividend and a yield of 3.57%. Polaris's dividend payout ratio (DPR) is presently 73.74%.

Hedge Funds Weigh In On Polaris

Institutional investors have recently modified their holdings of the company. New England Capital Financial Advisors LLC acquired a new position in Polaris in the 1st quarter valued at $25,000. Blue Trust Inc. grew its position in shares of Polaris by 2,431.3% in the third quarter. Blue Trust Inc. now owns 405 shares of the company's stock valued at $32,000 after purchasing an additional 389 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Polaris by 174.1% in the first quarter. Bessemer Group Inc. now owns 370 shares of the company's stock worth $37,000 after purchasing an additional 235 shares during the period. Signaturefd LLC lifted its position in shares of Polaris by 1,931.3% during the 2nd quarter. Signaturefd LLC now owns 650 shares of the company's stock worth $51,000 after purchasing an additional 618 shares during the last quarter. Finally, Abich Financial Wealth Management LLC bought a new stake in Polaris during the 2nd quarter valued at approximately $57,000. Institutional investors own 88.06% of the company's stock.

Polaris Company Profile

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.