Polaris Inc. (NYSE:PII – Get Free Report) declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.68 per share on Tuesday, December 15th. This represents a $2.72 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Tuesday, December 1st.
Polaris has a dividend payout ratio of 1,088.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Polaris to earn $3.67 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 74.1%.
Polaris Stock Performance
Shares of PII opened at $60.25 on Friday. The firm has a fifty day moving average of $56.65 and a 200-day moving average of $62.66. The company has a market cap of $3.43 billion, a price-to-earnings ratio of -16.33 and a beta of 1.32. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.47 and a current ratio of 1.06. Polaris has a 1 year low of $47.14 and a 1 year high of $77.98.
Polaris (NYSE:PII – Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.49. Polaris had a negative net margin of 2.70% and a positive return on equity of 23.19%. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period last year, the firm posted ($0.28) earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. As a group, equities analysts anticipate that Polaris will post 3.44 earnings per share for the current year.
About Polaris
Polaris Inc is a manufacturer of powersports products headquartered in Medina, Minnesota. Founded in 1954, the company began as a snowmobile manufacturer and has expanded into a diversified portfolio of off-road vehicles, motorcycles, snowmobiles and boats.
Its off-road vehicle lineup includes utility and recreational models sold under brands such as RANGER, RZR, Sportsman and GENERAL. Polaris also manufactures snowmobiles under the Polaris brand and motorcycles through Indian Motorcycle and Slingshot.
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