What is Roth Capital’s Estimate for Polaris FY2024 Earnings?

Polaris Inc. (NYSE:PII) – Equities researchers at Roth Capital reduced their FY2024 earnings per share (EPS) estimates for shares of Polaris in a note issued to investors on Wednesday, October 30th. Roth Capital analyst S. Stember now forecasts that the company will post earnings of $3.25 per share for the year, down from their previous estimate of $4.00. The consensus estimate for Polaris’ current full-year earnings is $3.22 per share. Roth Capital also issued estimates for Polaris’ Q4 2024 earnings at $0.92 EPS, Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.83 EPS, Q3 2025 earnings at $0.90 EPS, Q4 2025 earnings at $1.33 EPS and FY2025 earnings at $3.30 EPS.

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

A number of other analysts have also recently weighed in on PII. KeyCorp cut their price objective on shares of Polaris from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Longbow Research reissued a “neutral” rating on shares of Polaris in a research report on Wednesday, July 24th. DA Davidson dropped their price objective on Polaris from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Roth Mkm reduced their target price on Polaris from $92.00 to $79.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Finally, Truist Financial dropped their price target on Polaris from $92.00 to $82.00 and set a “hold” rating on the stock in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Polaris presently has a consensus rating of “Hold” and an average price target of $87.09.

Polaris Stock Performance

Shares of PII stock opened at $70.40 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.32 and a debt-to-equity ratio of 1.28. The firm has a fifty day moving average price of $80.38 and a 200 day moving average price of $81.06. The company has a market cap of $3.93 billion, a P/E ratio of 19.66, a PEG ratio of 7.31 and a beta of 1.52. Polaris has a 12 month low of $68.59 and a 12 month high of $100.91.

Institutional Investors Weigh In On Polaris

Hedge funds have recently made changes to their positions in the business. American Century Companies Inc. raised its position in Polaris by 311.6% in the second quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock worth $30,307,000 after acquiring an additional 292,992 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. bought a new stake in shares of Polaris in the 2nd quarter worth approximately $15,363,000. RWWM Inc. grew its position in Polaris by 192.3% in the second quarter. RWWM Inc. now owns 272,452 shares of the company’s stock worth $21,334,000 after buying an additional 179,244 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Polaris by 10.8% in the second quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock valued at $76,994,000 after buying an additional 96,194 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Polaris by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock valued at $590,924,000 after acquiring an additional 94,680 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Polaris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Monday, December 2nd. Polaris’s dividend payout ratio (DPR) is 73.74%.

About Polaris

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.