Polaris (NYSE:PII – Get Free Report) announced its earnings results on Tuesday. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15), Briefing.com reports. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the firm earned $2.71 earnings per share. The business’s revenue was down 23.4% compared to the same quarter last year. Polaris updated its FY 2024 guidance to 3.210-3.210 EPS.
Polaris Price Performance
Polaris stock opened at $71.73 on Friday. The stock has a market capitalization of $4.00 billion, a P/E ratio of 19.77, a P/E/G ratio of 7.48 and a beta of 1.51. Polaris has a 12-month low of $68.59 and a 12-month high of $100.91. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 0.40. The firm’s 50-day moving average is $81.81 and its two-hundred day moving average is $81.96.
Polaris Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.68%. Polaris’s payout ratio is 73.74%.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Polaris
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.
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