Polaris Inc. (NYSE:PII - Free Report) - Equities researchers at Roth Capital decreased their FY2024 earnings estimates for Polaris in a report released on Wednesday, October 30th. Roth Capital analyst S. Stember now expects that the company will earn $3.25 per share for the year, down from their prior forecast of $4.00. The consensus estimate for Polaris' current full-year earnings is $3.22 per share. Roth Capital also issued estimates for Polaris' Q4 2024 earnings at $0.92 EPS, Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.83 EPS, Q3 2025 earnings at $0.90 EPS, Q4 2025 earnings at $1.33 EPS and FY2025 earnings at $3.30 EPS.
PII has been the subject of a number of other research reports. KeyCorp dropped their price objective on shares of Polaris from $90.00 to $80.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Truist Financial dropped their price objective on shares of Polaris from $92.00 to $82.00 and set a "hold" rating for the company in a report on Monday, July 8th. Bank of America dropped their price objective on shares of Polaris from $86.00 to $85.00 and set a "neutral" rating for the company in a report on Wednesday, July 24th. Robert W. Baird dropped their price objective on shares of Polaris from $85.00 to $84.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. Finally, BMO Capital Markets decreased their target price on shares of Polaris from $90.00 to $75.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $87.09.
Get Our Latest Research Report on PII
Polaris Trading Up 0.7 %
Shares of PII traded up $0.49 during mid-day trading on Friday, reaching $70.40. The stock had a trading volume of 491,400 shares, compared to its average volume of 732,122. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. Polaris has a 52-week low of $68.59 and a 52-week high of $100.91. The business's fifty day moving average is $80.71 and its 200 day moving average is $81.20. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 7.55 and a beta of 1.51.
Polaris (NYSE:PII - Get Free Report) last released its earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.88 by ($0.15). Polaris had a return on equity of 17.92% and a net margin of 2.64%. The business had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same period in the previous year, the company earned $2.71 EPS. Polaris's quarterly revenue was down 23.4% compared to the same quarter last year.
Polaris Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Monday, December 2nd. Polaris's payout ratio is 73.74%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in PII. Vanguard Group Inc. lifted its stake in Polaris by 1.6% in the first quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company's stock worth $590,924,000 after acquiring an additional 94,680 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Polaris by 22.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 59,799 shares of the company's stock worth $6,616,000 after acquiring an additional 11,009 shares during the last quarter. Tidal Investments LLC purchased a new position in Polaris in the first quarter worth approximately $1,065,000. Allspring Global Investments Holdings LLC lifted its stake in Polaris by 14.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,331 shares of the company's stock worth $133,000 after acquiring an additional 169 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Polaris by 1,619.1% in the first quarter. SG Americas Securities LLC now owns 37,975 shares of the company's stock worth $3,802,000 after acquiring an additional 35,766 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company's stock.
Polaris Company Profile
(
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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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