DA Davidson Weighs in on Polaris’ FY2025 Earnings (NYSE:PII)

Polaris Inc. (NYSE:PII) – DA Davidson lowered their FY2025 earnings estimates for Polaris in a research note issued on Monday, January 20th. DA Davidson analyst B. Rolle now anticipates that the company will post earnings per share of $2.15 for the year, down from their prior forecast of $5.25. DA Davidson has a “Buy” rating and a $69.00 price target on the stock. The consensus estimate for Polaris’ current full-year earnings is $3.22 per share.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.15). The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Polaris had a net margin of 2.64% and a return on equity of 17.92%. The firm’s quarterly revenue was down 23.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.71 earnings per share.

A number of other equities analysts also recently issued reports on the stock. Truist Financial cut their price target on shares of Polaris from $76.00 to $60.00 and set a “hold” rating for the company in a report on Tuesday, January 7th. Morgan Stanley reaffirmed an “equal weight” rating and set a $60.00 price objective (down from $81.00) on shares of Polaris in a report on Tuesday. Royal Bank of Canada lowered their target price on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. Robert W. Baird cut their price target on Polaris from $84.00 to $72.00 and set an “outperform” rating for the company in a research note on Monday, December 30th. Finally, StockNews.com lowered shares of Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $77.82.

Polaris Price Performance

Polaris stock opened at $54.99 on Wednesday. The company has a market cap of $3.07 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 5.30 and a beta of 1.53. Polaris has a one year low of $52.77 and a one year high of $100.91. The business has a fifty day moving average of $61.42 and a two-hundred day moving average of $73.27. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.32 and a current ratio of 1.21.

Institutional Trading of Polaris

A number of hedge funds have recently bought and sold shares of PII. Charles Schwab Investment Management Inc. increased its stake in shares of Polaris by 44.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 555,410 shares of the company’s stock valued at $46,232,000 after acquiring an additional 171,366 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in Polaris in the third quarter valued at approximately $12,670,000. Weiss Asset Management LP acquired a new position in Polaris during the third quarter worth approximately $10,844,000. Dimensional Fund Advisors LP raised its stake in Polaris by 10.8% during the second quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock worth $76,994,000 after purchasing an additional 96,194 shares during the period. Finally, Kiltearn Partners LLP boosted its holdings in shares of Polaris by 147.9% in the 3rd quarter. Kiltearn Partners LLP now owns 154,700 shares of the company’s stock valued at $12,877,000 after purchasing an additional 92,300 shares during the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend was Monday, December 2nd. Polaris’s dividend payout ratio is presently 73.74%.

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.