$2.25 Earnings Per Share Expected for Polaris Inc. (NYSE:PII) This Quarter

Equities research analysts forecast that Polaris Inc. (NYSE:PIIGet Rating) will announce $2.25 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Polaris’ earnings, with estimates ranging from $1.82 to $2.51. Polaris reported earnings of $2.70 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 16.7%. The company is expected to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Polaris will report full-year earnings of $10.20 per share for the current year, with EPS estimates ranging from $10.10 to $10.25. For the next year, analysts anticipate that the firm will report earnings of $11.02 per share, with EPS estimates ranging from $10.75 to $11.30. Zacks’ EPS averages are an average based on a survey of analysts that follow Polaris.

Polaris (NYSE:PIIGet Rating) last posted its earnings results on Tuesday, April 26th. The company reported $1.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.77 by ($0.48). The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.11 billion. Polaris had a return on equity of 43.24% and a net margin of 5.24%. The business’s revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.30 earnings per share.

Several research analysts have weighed in on PII shares. Zacks Investment Research lowered Polaris from a “hold” rating to a “sell” rating in a report on Friday. Morgan Stanley cut their price target on Polaris from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, January 26th. Royal Bank of Canada cut their price target on Polaris from $132.00 to $117.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 26th. Robert W. Baird cut their price target on Polaris from $150.00 to $135.00 in a report on Wednesday. Finally, StockNews.com began coverage on Polaris in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $130.08.

In related news, SVP Dougherty Lucy Clark sold 4,257 shares of Polaris stock in a transaction dated Wednesday, February 16th. The stock was sold at an average price of $125.00, for a total value of $532,125.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.20% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. CVA Family Office LLC acquired a new position in Polaris during the fourth quarter worth approximately $27,000. Neo Ivy Capital Management acquired a new position in Polaris during the fourth quarter worth approximately $29,000. Dark Forest Capital Management LP acquired a new position in Polaris during the third quarter worth approximately $35,000. Leverty Financial Group LLC acquired a new position in Polaris during the fourth quarter worth approximately $39,000. Finally, Disciplined Investments LLC acquired a new position in shares of Polaris in the first quarter valued at approximately $43,000. 85.77% of the stock is currently owned by hedge funds and other institutional investors.

PII stock opened at $94.94 on Friday. The business’s 50-day moving average price is $108.67 and its two-hundred day moving average price is $113.71. The company has a current ratio of 1.18, a quick ratio of 0.41 and a debt-to-equity ratio of 1.24. The firm has a market cap of $5.65 billion, a PE ratio of 13.76 and a beta of 1.63. Polaris has a 1-year low of $94.56 and a 1-year high of $145.79.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Tuesday, May 31st. Polaris’s dividend payout ratio is currently 37.10%.

About Polaris (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.

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