DA Davidson Has Bearish Forecast for Polaris FY2025 Earnings

Polaris Inc. (NYSE:PII) – Research analysts at DA Davidson reduced their FY2025 earnings estimates for Polaris in a research note issued to investors on Thursday, October 24th. DA Davidson analyst B. Rolle now forecasts that the company will post earnings per share of $5.25 for the year, down from their prior forecast of $6.00. DA Davidson has a “Buy” rating and a $84.00 price objective on the stock. The consensus estimate for Polaris’ current full-year earnings is $3.22 per share.

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

A number of other brokerages also recently weighed in on PII. Citigroup lowered their target price on shares of Polaris from $86.00 to $83.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Bank of America lowered their target price on shares of Polaris from $86.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Robert W. Baird lowered their target price on shares of Polaris from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. BMO Capital Markets decreased their price target on shares of Polaris from $90.00 to $75.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. Finally, Roth Mkm decreased their price target on shares of Polaris from $92.00 to $79.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $87.09.

Polaris Trading Down 0.6 %

Shares of Polaris stock opened at $73.61 on Monday. Polaris has a 12-month low of $68.59 and a 12-month high of $100.91. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 7.46 and a beta of 1.51. 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 company’s 50-day moving average price is $81.22 and its 200-day moving average price is $81.34.

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Monday, December 2nd. Polaris’s dividend payout ratio (DPR) is 73.74%.

Hedge Funds Weigh In On Polaris

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Polaris by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 5,902,162 shares of the company’s stock worth $590,924,000 after buying an additional 94,680 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Polaris by 10.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock valued at $76,994,000 after purchasing an additional 96,194 shares during the period. American Century Companies Inc. grew its stake in shares of Polaris by 311.6% during the 2nd quarter. American Century Companies Inc. now owns 387,012 shares of the company’s stock valued at $30,307,000 after purchasing an additional 292,992 shares during the period. ProShare Advisors LLC grew its stake in shares of Polaris by 11.1% during the 2nd quarter. ProShare Advisors LLC now owns 359,039 shares of the company’s stock valued at $28,116,000 after purchasing an additional 35,952 shares during the period. Finally, LSV Asset Management grew its stake in shares of Polaris by 29.9% during the 1st quarter. LSV Asset Management now owns 340,050 shares of the company’s stock valued at $34,046,000 after purchasing an additional 78,178 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

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.