Polaris (PII) Expected to Announce Quarterly Earnings on Tuesday

Polaris (NYSE:PII - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $0.89 per share and revenue of $1,682,143.90 billion for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Polaris (NYSE:PII - Get Free Report) last released its quarterly 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). The firm had revenue of $1.72 billion during 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 business's quarterly revenue was down 23.4% on a year-over-year basis. During the same quarter last year, the business earned $2.71 earnings per share. On average, analysts expect Polaris to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Polaris Stock Performance

Polaris stock traded down $0.50 during mid-day trading on Tuesday, reaching $54.99. 1,842,740 shares of the stock traded hands, compared to its average volume of 1,155,520. Polaris has a 12-month low of $52.77 and a 12-month high of $100.91. The business's 50-day moving average is $61.42 and its 200-day moving average is $73.27. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.32. The stock has a market capitalization of $3.07 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 5.30 and a beta of 1.53.

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.80%. The ex-dividend date was Monday, December 2nd. Polaris's payout ratio is currently 73.74%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. KeyCorp downgraded shares of Polaris from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, January 8th. Truist Financial decreased their target price on Polaris from $76.00 to $60.00 and set a "hold" rating on the stock in a report on Tuesday, January 7th. Robert W. Baird lowered their target price on Polaris from $84.00 to $72.00 and set an "outperform" rating on the stock in a research report on Monday, December 30th. Morgan Stanley restated an "equal weight" rating and issued a $60.00 price target (down previously from $81.00) on shares of Polaris in a research report on Tuesday. Finally, StockNews.com cut Polaris from a "hold" rating to a "sell" rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Polaris currently has a consensus rating of "Hold" and an average price target of $77.82.

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.