DA Davidson Has Bearish Forecast for Polaris FY2025 Earnings

Polaris Inc. (NYSE:PII) – Research analysts at DA Davidson reduced their FY2025 earnings per share estimates for Polaris in a report released on Thursday, January 30th. DA Davidson analyst B. Rolle now anticipates that the company will post earnings of $1.10 per share for the year, down from their prior forecast of $2.15. DA Davidson has a “Buy” rating and a $60.00 price objective on the stock. The consensus estimate for Polaris’ current full-year earnings is $1.14 per share.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. Polaris had a net margin of 1.54% and a return on equity of 13.78%.

PII has been the topic of a number of other reports. BMO Capital Markets decreased their price target on Polaris from $60.00 to $50.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 29th. Citigroup lowered their target price on Polaris from $57.00 to $53.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Roth Mkm lowered their price objective on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 target price (down from $81.00) on shares of Polaris in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Polaris has an average rating of “Hold” and a consensus price target of $67.82.

Polaris Stock Performance

Shares of PII stock opened at $47.68 on Monday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.32 and a current ratio of 1.15. The firm has a market cap of $2.66 billion, a P/E ratio of 24.33, a P/E/G ratio of 14.41 and a beta of 1.53. The firm’s 50 day moving average price is $59.03 and its 200-day moving average price is $71.72. Polaris has a one year low of $47.53 and a one year high of $100.91.

Polaris Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.67 per share. This is a boost from Polaris’s previous quarterly dividend of $0.66. This represents a $2.68 annualized dividend and a dividend yield of 5.62%. The ex-dividend date is Monday, March 3rd. Polaris’s dividend payout ratio is currently 134.69%.

Hedge Funds Weigh In On Polaris

Several hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Polaris by 44.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock valued at $46,232,000 after purchasing an additional 171,366 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Polaris in the third quarter valued at approximately $12,670,000. Weiss Asset Management LP purchased a new position in shares of Polaris during the third quarter worth approximately $10,844,000. Kiltearn Partners LLP increased its holdings in shares of Polaris by 147.9% in the 3rd quarter. Kiltearn Partners LLP now owns 154,700 shares of the company’s stock valued at $12,877,000 after acquiring an additional 92,300 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in Polaris by 3.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,262,990 shares of the company’s stock valued at $188,371,000 after purchasing an additional 69,844 shares during the last quarter. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

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.