Polaris Inc. (NYSE:PII) Plans Quarterly Dividend of $0.68

Polaris Inc. (NYSE:PII) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.68 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Tuesday, September 1st.

Polaris has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 30 years. Polaris has a dividend payout ratio of 1,088.0% meaning 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 $3.26 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 83.4%.

Polaris Stock Performance

PII opened at $68.25 on Friday. The company has a market cap of $3.88 billion, a PE ratio of -14.74 and a beta of 1.25. The stock has a 50-day moving average of $69.22 and a 200-day moving average of $64.21. Polaris has a 52-week low of $47.14 and a 52-week high of $77.98. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.48 and a current ratio of 1.20.

Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $1.21. Polaris had a positive return on equity of 16.77% and a negative net margin of 3.50%.The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the business earned ($1.39) EPS. The firm’s revenue was up 9.2% compared to the same quarter last year. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. As a group, equities research analysts forecast that Polaris will post 1.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PII has been the subject of a number of analyst reports. Citigroup boosted their price objective on shares of Polaris from $70.00 to $73.00 and gave the stock a “neutral” rating in a research note on Thursday. Roth Capital reiterated a “neutral” rating on shares of Polaris in a report on Wednesday. Robert W. Baird boosted their target price on shares of Polaris from $70.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday. Morgan Stanley decreased their price target on shares of Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a report on Tuesday, May 19th. Finally, Royal Bank Of Canada lifted their price objective on Polaris from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $67.00.

About Polaris

Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.

Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.