Polaris (PII) Set to Announce Earnings on Tuesday

Polaris (NYSE:PII) will post its quarterly earnings results before the market opens on Tuesday, October 22nd. Analysts expect Polaris to post earnings of $0.95 per share for the quarter. Polaris has set its FY 2024 guidance at 3.480-4.030 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, July 23rd. The company reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.27 by ($0.89). The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Polaris had a return on equity of 26.38% and a net margin of 3.98%. The firm’s quarterly revenue was down 11.5% on a year-over-year basis. During the same period last year, the firm posted $2.42 earnings per share. On average, analysts expect Polaris to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Polaris Stock Down 0.1 %

Shares of Polaris stock opened at $82.55 on Monday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.40 and a current ratio of 1.42. The company has a 50-day simple moving average of $82.40 and a two-hundred day simple moving average of $82.52. Polaris has a 52-week low of $71.90 and a 52-week high of $100.91. The stock has a market capitalization of $4.67 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 7.22 and a beta of 1.51.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.66 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $2.64 annualized dividend and a dividend yield of 3.20%. Polaris’s payout ratio is 38.71%.

Analyst Upgrades and Downgrades

PII has been the subject of several research reports. Roth Mkm decreased their price objective on shares of Polaris from $92.00 to $79.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Truist Financial decreased 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. DA Davidson raised shares of Polaris from a “neutral” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Thursday, July 25th. KeyCorp decreased their price objective on shares of Polaris from $105.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Finally, StockNews.com upgraded shares of Polaris from a “sell” rating to a “hold” rating in a research report on Tuesday, September 17th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $89.18.

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.