Polaris (PII) Projected to Post Earnings on Tuesday

Polaris (NYSE:PII) is expected to release its earnings data before the market opens on Tuesday, January 28th. Analysts expect Polaris to post earnings of $0.89 per share and revenue of $1,682,143.90 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.15). The business 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 firm’s quarterly revenue was down 23.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.71 earnings per share. On average, analysts expect Polaris to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Polaris Trading Down 3.1 %

NYSE:PII opened at $55.47 on Tuesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21. Polaris has a 1 year low of $52.77 and a 1 year high of $100.91. The stock has a fifty day moving average price of $61.64 and a two-hundred day moving average price of $73.41. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 4.84 and a beta of 1.53.

Polaris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.76%. Polaris’s payout ratio is 73.74%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PII shares. Royal Bank of Canada decreased their price objective on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 23rd. DA Davidson reduced their price objective on shares of Polaris from $84.00 to $69.00 and set a “buy” rating on the stock in a research note on Friday. Truist Financial reduced their price target on Polaris from $76.00 to $60.00 and set a “hold” rating on the stock in a research note on Tuesday, January 7th. KeyCorp downgraded Polaris from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 8th. Finally, StockNews.com downgraded Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Polaris presently has an average rating of “Hold” and a consensus price target of $79.60.

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.