Polaris (PII) Set to Announce Quarterly 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.Parties interested in listening to the company’s conference call can do so using this link.

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

Polaris Stock Performance

Shares of PII stock opened at $81.33 on Tuesday. The company has a market cap of $4.53 billion, a P/E ratio of 14.24, a PEG ratio of 7.13 and a beta of 1.51. The business has a 50 day moving average of $82.16 and a two-hundred day moving average of $82.86. Polaris has a 52 week low of $71.90 and a 52 week high of $100.91. The company has a quick ratio of 0.40, a current ratio of 1.42 and a debt-to-equity ratio of 1.56.

Polaris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Tuesday, September 3rd. Polaris’s dividend payout ratio is presently 46.23%.

Analysts Set New Price Targets

A number of analysts recently weighed in on PII shares. Roth Mkm dropped their price objective on shares of Polaris from $92.00 to $79.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. DA Davidson raised Polaris from a “neutral” rating to a “buy” rating and set a $87.00 target price on the stock in a research note on Thursday, July 25th. Citigroup decreased their price objective on shares of Polaris from $86.00 to $83.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. StockNews.com raised Polaris from a “sell” rating to a “hold” rating in a report on Tuesday, September 17th. Finally, Robert W. Baird dropped their price target on shares of Polaris from $95.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Polaris currently has an average rating of “Hold” and an average target price 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.