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

Equities research analysts forecast that Polaris Inc. (NYSE:PII) will post earnings of $2.03 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Polaris’ earnings. The highest EPS estimate is $2.07 and the lowest is $2.02. Polaris posted earnings per share of $3.34 in the same quarter last year, which would indicate a negative year-over-year growth rate of 39.2%. The business is scheduled to issue 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 financial year, with EPS estimates ranging from $9.00 to $9.05. For the next financial year, analysts anticipate 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 EPS calculations are a mean average based on a survey of sell-side research analysts that cover Polaris.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, October 26th. The company reported $1.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.02. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.13 billion. Polaris had a return on equity of 57.18% and a net margin of 7.40%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the business posted $2.85 EPS.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Polaris from a “hold” rating to a “sell” rating in a research note on Saturday, October 30th. Truist Securities cut their price target on 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 cut their price target on Polaris from $165.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, October 28th. Truist cut their price target on Polaris from $145.00 to $125.00 and set a “hold” rating for the company in a research note on Wednesday, October 27th. Finally, Wedbush cut their price target on Polaris from $156.00 to $148.00 and set an “outperform” rating for the company in a research note on Wednesday, October 27th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $143.60.

In other news, CEO Michael T. Speetzen sold 24,500 shares of the company’s stock in a transaction on Tuesday, November 16th. The stock was sold at an average price of $125.00, for a total transaction of $3,062,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jacob Vogel sold 1,298 shares of the company’s stock in a transaction on Friday, October 15th. The stock was sold at an average price of $130.00, for a total value of $168,740.00. The disclosure for this sale can be found here. Insiders have sold 35,967 shares of company stock worth $4,403,421 over the last 90 days. 2.70% of the stock is owned by insiders.

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

Shares of NYSE PII traded up $0.79 during trading on Thursday, reaching $122.38. 356,508 shares of the company traded hands, compared to its average volume of 753,663. The firm’s fifty day simple moving average is $122.67 and its 200 day simple moving average is $127.21. The stock has a market cap of $7.43 billion, a P/E ratio of 12.72 and a beta of 1.82. Polaris has a 12-month low of $92.58 and a 12-month high of $147.73. The company has a current ratio of 1.33, a quick ratio of 0.37 and a debt-to-equity ratio of 1.21.

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

About Polaris

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.

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