What is Roth Capital’s Forecast for Polaris FY2024 Earnings?

Polaris Inc. (NYSE:PII) – Equities researchers at Roth Capital decreased their FY2024 earnings estimates for Polaris in a report released on Wednesday, October 30th. Roth Capital analyst S. Stember now expects that the company will earn $3.25 per share for the year, down from their prior forecast of $4.00. The consensus estimate for Polaris’ current full-year earnings is $3.22 per share. Roth Capital also issued estimates for Polaris’ Q4 2024 earnings at $0.92 EPS, Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.83 EPS, Q3 2025 earnings at $0.90 EPS, Q4 2025 earnings at $1.33 EPS and FY2025 earnings at $3.30 EPS.

Several other equities research analysts also recently weighed in on PII. Longbow Research reaffirmed a “neutral” rating on shares of Polaris in a report on Wednesday, July 24th. Truist Financial dropped their price target on Polaris from $92.00 to $82.00 and set a “hold” rating for the company in a research report on Monday, July 8th. BMO Capital Markets dropped their price objective on Polaris from $90.00 to $75.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. Robert W. Baird dropped their price objective on Polaris from $85.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Finally, StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $87.09.

Polaris Stock Performance

Shares of Polaris stock opened at $70.40 on Friday. The firm has a market capitalization of $3.93 billion, a P/E ratio of 19.66, a P/E/G ratio of 7.55 and a beta of 1.51. Polaris has a 52 week low of $68.59 and a 52 week high of $100.91. The firm’s 50 day moving average is $80.71 and its two-hundred day moving average is $81.20. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28.

Polaris (NYSE:PII) last posted its earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The company’s quarterly revenue was down 23.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.71 EPS.

Institutional Investors Weigh In On Polaris

Several institutional investors and hedge funds have recently made changes to their positions in PII. Allspring Global Investments Holdings LLC increased its position in Polaris by 14.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,331 shares of the company’s stock worth $133,000 after buying an additional 169 shares during the period. State of Michigan Retirement System raised its stake in shares of Polaris by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 13,079 shares of the company’s stock worth $1,309,000 after purchasing an additional 300 shares in the last quarter. Legacy Wealth Asset Management LLC acquired a new position in shares of Polaris during the 1st quarter valued at about $265,000. Commonwealth Equity Services LLC increased its holdings in shares of Polaris by 8.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 22,637 shares of the company’s stock valued at $2,266,000 after acquiring an additional 1,774 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in Polaris by 53.0% in the 1st quarter. Private Advisor Group LLC now owns 4,166 shares of the company’s stock valued at $417,000 after buying an additional 1,444 shares during the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Announces Dividend

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 given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Monday, December 2nd. Polaris’s dividend payout ratio is currently 73.74%.

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.