Polaris (NYSE:PII) Sets New 52-Week High After Earnings Beat

Polaris Inc. (NYSE:PII)’s share price reached a new 52-week high during mid-day trading on Tuesday following a better than expected earnings announcement. The company traded as high as $75.25 and last traded at $70.6190, with a volume of 102024 shares traded. The stock had previously closed at $71.19.

The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.68 billion. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%.The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.73 EPS. Polaris has set its FY 2025 guidance at -0.050–0.050 EPS. Q4 2025 guidance at 0.050-0.050 EPS.

Polaris Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.67 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $2.68 annualized dividend and a yield of 4.0%. Polaris’s payout ratio is presently -142.55%.

Analysts Set New Price Targets

PII has been the subject of a number of research reports. Wall Street Zen raised shares of Polaris from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 2nd. UBS Group upped their target price on shares of Polaris from $45.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, September 8th. Citigroup upgraded Polaris from a “sell” rating to a “neutral” rating and raised their price target for the company from $35.00 to $60.00 in a research report on Wednesday, October 1st. Roth Capital lifted their price target on Polaris from $41.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Finally, Zacks Research upgraded Polaris from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $51.00.

Hedge Funds Weigh In On Polaris

Several institutional investors and hedge funds have recently bought and sold shares of PII. Wealth Enhancement Advisory Services LLC lifted its position in Polaris by 162.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,423 shares of the company’s stock valued at $427,000 after purchasing an additional 6,453 shares during the last quarter. Calton & Associates Inc. purchased a new position in shares of Polaris in the first quarter worth $272,000. Deutsche Bank AG raised its holdings in Polaris by 305.0% during the 1st quarter. Deutsche Bank AG now owns 26,982 shares of the company’s stock valued at $1,105,000 after buying an additional 20,320 shares during the last quarter. Cerity Partners LLC raised its holdings in Polaris by 25.9% during the 1st quarter. Cerity Partners LLC now owns 53,082 shares of the company’s stock valued at $2,173,000 after buying an additional 10,906 shares during the last quarter. Finally, Jump Financial LLC boosted its position in Polaris by 243.8% during the 1st quarter. Jump Financial LLC now owns 298,736 shares of the company’s stock valued at $12,230,000 after buying an additional 211,832 shares during the period. 88.06% of the stock is currently owned by institutional investors.

Polaris Stock Performance

The business’s fifty day simple moving average is $60.58 and its 200-day simple moving average is $49.06. The firm has a market cap of $3.79 billion, a P/E ratio of -35.87, a price-to-earnings-growth ratio of 64.70 and a beta of 1.08. The company has a current ratio of 1.04, a quick ratio of 0.37 and a debt-to-equity ratio of 1.17.

Polaris Company Profile

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.