Polaris (PII) to Release Quarterly Earnings on Tuesday

Polaris (NYSE:PII) will be announcing its earnings results before the market opens on Tuesday, July 23rd. Analysts expect the company to announce earnings of $2.27 per share for the quarter. Polaris has set its FY24 guidance at $7.79-$8.24 EPS and its FY 2024 guidance at 7.786-8.244 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Polaris (NYSE:PII) last released its earnings results on Tuesday, April 23rd. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.17. Polaris had a net margin of 4.63% and a return on equity of 31.39%. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the previous year, the firm earned $2.05 earnings per share. Polaris’s revenue was down 20.3% compared to the same quarter last year. On average, analysts expect Polaris to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Polaris Stock Performance

Shares of PII stock opened at $81.53 on Monday. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 3.65 and a beta of 1.53. The company has a 50 day moving average price of $80.03 and a 200 day moving average price of $87.14. Polaris has a one year low of $73.26 and a one year high of $138.49. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.42 and a current ratio of 1.47.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.66 per share. The ex-dividend date was Monday, June 3rd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.24%. Polaris’s payout ratio is 38.71%.

Analysts Set New Price Targets

A number of research firms have issued reports on PII. StockNews.com downgraded Polaris from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. DA Davidson decreased their target price on Polaris from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Bank of America began coverage on shares of Polaris in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $110.00 price target on the stock. Truist Financial decreased their price objective on shares of Polaris from $92.00 to $82.00 and set a “hold” rating for the company in a research note on Monday, July 8th. Finally, Robert W. Baird cut their target price on shares of Polaris from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 3rd. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $97.55.

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.