Roth Capital Research Analysts Lift Earnings Estimates for Polaris Inc. (NYSE:PII)

Polaris Inc. (NYSE:PII) – Research analysts at Roth Capital lifted their Q2 2024 earnings per share estimates for shares of Polaris in a report issued on Thursday, April 25th. Roth Capital analyst S. Stember now forecasts that the company will earn $1.99 per share for the quarter, up from their previous estimate of $1.85. The consensus estimate for Polaris’ current full-year earnings is $8.00 per share. Roth Capital also issued estimates for Polaris’ FY2024 earnings at $8.11 EPS and Q1 2025 earnings at $0.86 EPS.

Polaris (NYSE:PII) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.17. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.75 billion. Polaris had a net margin of 4.63% and a return on equity of 31.39%. The company’s revenue for the quarter was down 20.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.05 earnings per share.

A number of other analysts have also recently commented on PII. Royal Bank of Canada lowered their price target on Polaris from $103.00 to $97.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 24th. Robert W. Baird dropped their target price on Polaris from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. StockNews.com raised shares of Polaris from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Truist Financial dropped their price objective on shares of Polaris from $96.00 to $92.00 and set a “hold” rating on the stock in a report on Wednesday, April 24th. Finally, DA Davidson reissued a “neutral” rating and set a $80.00 target price on shares of Polaris in a report on Tuesday, March 5th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $100.27.

Polaris Price Performance

Shares of PII opened at $85.20 on Monday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.47 and a quick ratio of 0.42. The company’s fifty day moving average price is $92.29 and its 200-day moving average price is $91.23. Polaris has a 1-year low of $82.00 and a 1-year high of $138.49. The firm has a market capitalization of $4.81 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 2.44 and a beta of 1.60.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Creekmur Asset Management LLC purchased a new stake in shares of Polaris in the fourth quarter valued at approximately $27,000. BKM Wealth Management LLC acquired a new position in Polaris in the fourth quarter valued at approximately $31,000. Larson Financial Group LLC grew its position in Polaris by 536.5% in the third quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock worth $42,000 after acquiring an additional 338 shares during the period. First United Bank & Trust acquired a new stake in Polaris during the fourth quarter worth $40,000. Finally, Orion Capital Management LLC purchased a new stake in Polaris in the third quarter valued at $46,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.10%. The ex-dividend date is Monday, June 3rd. Polaris’s payout ratio is 38.71%.

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.