Analysts Anticipate Polaris Inc. (NYSE:PII) to Post $2.03 Earnings Per Share

Brokerages expect that Polaris Inc. (NYSE:PII) will announce $2.03 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for Polaris’ earnings, with the lowest EPS estimate coming in at $2.02 and the highest estimate coming in at $2.07. Polaris posted earnings per share of $3.34 in the same quarter last year, which indicates a negative year over year growth rate of 39.2%. The firm is expected to report its next earnings results on Tuesday, January 25th.

On average, analysts expect that Polaris will report full year earnings of $9.01 per share for the current year, with EPS estimates ranging from $9.00 to $9.05. For the next fiscal year, analysts forecast that the firm will report earnings of $9.89 per share, with EPS estimates ranging from $9.62 to $10.19. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Polaris.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, October 26th. The company reported $1.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.02. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $2.13 billion. Polaris had a return on equity of 57.18% and a net margin of 7.40%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.85 EPS.

Several analysts have commented on PII shares. Truist Securities lowered their target price on shares of Polaris from $145.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, October 27th. Truist lowered their target price on shares of Polaris from $145.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, October 27th. Morgan Stanley lowered their target price on shares of Polaris from $165.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, October 28th. Robert W. Baird lowered their target price on shares of Polaris from $160.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, October 27th. Finally, Zacks Investment Research cut shares of Polaris from a “hold” rating to a “sell” rating in a research note on Saturday, October 30th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $143.60.

PII stock traded up $0.79 during midday trading on Thursday, hitting $122.38. The stock had a trading volume of 356,508 shares, compared to its average volume of 753,663. The firm has a market cap of $7.43 billion, a PE ratio of 12.72 and a beta of 1.82. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.33 and a quick ratio of 0.37. Polaris has a 12-month low of $92.58 and a 12-month high of $147.73. The company’s 50-day moving average price is $122.67 and its 200 day moving average price is $127.21.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 15th. Investors of record on Wednesday, December 1st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, November 30th. This represents a $2.52 dividend on an annualized basis and a yield of 2.06%. Polaris’s dividend payout ratio (DPR) is 26.20%.

In related news, insider Jacob Vogel sold 1,298 shares of the business’s stock in a transaction dated Friday, October 15th. The shares were sold at an average price of $130.00, for a total transaction of $168,740.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael T. Speetzen sold 24,500 shares of the business’s stock in a transaction dated Tuesday, November 16th. The shares were sold at an average price of $125.00, for a total transaction of $3,062,500.00. The disclosure for this sale can be found here. Insiders sold a total of 35,967 shares of company stock worth $4,403,421 in the last quarter. 2.70% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mcdonald Partners LLC grew its position in Polaris by 24.4% in the 3rd quarter. Mcdonald Partners LLC now owns 6,412 shares of the company’s stock worth $767,000 after purchasing an additional 1,256 shares during the last quarter. Bank of New York Mellon Corp grew its position in Polaris by 12.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,026,632 shares of the company’s stock worth $122,847,000 after purchasing an additional 111,432 shares during the last quarter. Wealthsource Partners LLC bought a new position in Polaris in the 3rd quarter worth about $723,000. ArrowMark Colorado Holdings LLC boosted its holdings in shares of Polaris by 18.4% in the third quarter. ArrowMark Colorado Holdings LLC now owns 360,924 shares of the company’s stock valued at $43,188,000 after acquiring an additional 56,025 shares in the last quarter. Finally, Aurora Investment Counsel boosted its holdings in shares of Polaris by 1.4% in the third quarter. Aurora Investment Counsel now owns 14,479 shares of the company’s stock valued at $1,733,000 after acquiring an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 82.90% of the company’s stock.

Polaris Company Profile

Polaris Inc engages in designing, engineering, and manufacturing power sports vehicles. It operates through the following segments ORV, Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company was founded by Allen Hetteen, Edgar E. Hetteen, and David Johnson in 1954 and is headquartered in Medina, MN.

Further Reading: 12b-1 Fees

Get a free copy of the Zacks research report on Polaris (PII)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Polaris (NYSE:PII)

Receive News & Ratings for Polaris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris and related companies with MarketBeat.com's FREE daily email newsletter.