Polaris (PII) Set to Announce Earnings on Tuesday

Polaris (NYSE:PIIGet Rating) will be releasing its earnings data before the market opens on Tuesday, April 26th. Analysts expect Polaris to post earnings of $1.76 per share for the quarter. Polaris has set its FY22 guidance at $10.10-$10.40 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Polaris (NYSE:PIIGet Rating) last posted its earnings results on Tuesday, January 25th. The company reported $2.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.04 by $0.12. Polaris had a net margin of 6.02% and a return on equity of 49.54%. The business had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the prior year, the company posted $3.34 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, analysts expect Polaris to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

NYSE PII opened at $105.62 on Tuesday. Polaris has a 1 year low of $99.68 and a 1 year high of $147.73. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.15 and a quick ratio of 0.41. The stock has a market capitalization of $6.28 billion, a PE ratio of 13.42 and a beta of 1.63. The company’s 50 day simple moving average is $112.56 and its two-hundred day simple moving average is $115.14.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 1st were given a dividend of $0.64 per share. The ex-dividend date was Monday, February 28th. This represents a $2.56 annualized dividend and a dividend yield of 2.42%. This is a boost from Polaris’s previous quarterly dividend of $0.63. Polaris’s dividend payout ratio (DPR) is 32.53%.

In other Polaris news, SVP Dougherty Lucy Clark sold 4,257 shares of the firm’s stock in a transaction on Wednesday, February 16th. The shares were sold at an average price of $125.00, for a total value of $532,125.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.20% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. Neo Ivy Capital Management purchased a new stake in shares of Polaris in the 4th quarter worth about $29,000. Zullo Investment Group Inc. purchased a new stake in shares of Polaris in the 4th quarter worth about $64,000. NewEdge Advisors LLC lifted its position in shares of Polaris by 2.8% in the 4th quarter. NewEdge Advisors LLC now owns 5,380 shares of the company’s stock worth $591,000 after purchasing an additional 146 shares during the period. Metropolitan Life Insurance Co NY lifted its position in shares of Polaris by 1.1% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 12,050 shares of the company’s stock worth $1,324,000 after purchasing an additional 129 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in shares of Polaris by 33.2% in the 4th quarter. Advisors Asset Management Inc. now owns 14,417 shares of the company’s stock worth $1,585,000 after purchasing an additional 3,593 shares during the period. 85.77% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently weighed in on PII shares. Citigroup lowered their price objective on shares of Polaris from $157.00 to $145.00 in a research report on Thursday, April 7th. Truist Financial lowered their price objective on shares of Polaris from $125.00 to $120.00 in a research report on Wednesday, January 26th. StockNews.com started coverage on shares of Polaris in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Royal Bank of Canada lowered their price objective on shares of Polaris from $132.00 to $117.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 26th. Finally, Raymond James raised their price objective on shares of Polaris from $148.00 to $149.00 and gave the company a “strong-buy” rating in a research report on Wednesday, January 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $139.07.

Polaris Company Profile (Get Rating)

Polaris Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates through six segments: ORV, Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles.

See Also

Earnings History for Polaris (NYSE:PII)

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