Polaris (NYSE:PII – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.15), Briefing.com reports. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the business earned $2.71 EPS. Polaris’s revenue was down 23.4% on a year-over-year basis. Polaris updated its FY 2024 guidance to 3.210-3.210 EPS.
Polaris Stock Performance
NYSE PII traded up $1.10 on Thursday, reaching $70.78. The stock had a trading volume of 829,341 shares, compared to its average volume of 731,818. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.40. The company has a market cap of $3.95 billion, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 7.48 and a beta of 1.51. The firm has a fifty day moving average of $82.04 and a two-hundred day moving average of $82.04. Polaris has a 1-year low of $68.59 and a 1-year high of $100.91.
Polaris Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.73%. Polaris’s dividend payout ratio (DPR) is presently 73.74%.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on PII
About Polaris
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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