Q2 2024 EPS Estimates for Polaris Inc. Boosted by Analyst (NYSE:PII)

Polaris Inc. (NYSE:PII) – Equities researchers at Roth Capital lifted their Q2 2024 earnings estimates for Polaris in a research report issued to clients and investors 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 forecast 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.

Other analysts also recently issued research reports about the stock. StockNews.com raised shares of Polaris from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Longbow Research upgraded shares of Polaris from a “neutral” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Monday, April 8th. BMO Capital Markets reduced their target price on Polaris from $100.00 to $95.00 and set a “market perform” rating for the company in a research note on Wednesday, January 31st. Royal Bank of Canada decreased their target price 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. Finally, DA Davidson reiterated a “neutral” rating and issued a $80.00 price target on shares of Polaris in a report on Tuesday, March 5th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Polaris has an average rating of “Hold” and a consensus target price of $100.27.

Polaris Trading Down 1.8 %

Shares of PII stock opened at $85.20 on Monday. Polaris has a fifty-two week low of $82.00 and a fifty-two week 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. The stock has a 50 day simple moving average of $92.29 and a two-hundred day simple moving average of $91.23. The company has a market cap of $4.81 billion, a P/E ratio of 12.49, a PEG ratio of 2.44 and a beta of 1.60.

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

Institutional Trading of Polaris

Institutional investors and hedge funds have recently made changes to their positions in the company. Creekmur Asset Management LLC purchased a new stake in shares of Polaris during the fourth quarter valued at approximately $27,000. BKM Wealth Management LLC purchased a new stake in shares of Polaris during the 4th quarter valued at $31,000. Verity & Verity LLC bought a new stake in shares of Polaris during the 1st quarter worth $37,000. First United Bank & Trust purchased a new position in shares of Polaris in the 4th quarter worth about $40,000. Finally, Larson Financial Group LLC grew its position in Polaris by 536.5% during the third quarter. Larson Financial Group LLC now owns 401 shares of the company’s stock valued at $42,000 after buying an additional 338 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Announces Dividend

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

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.