Polaris (NYSE:PII – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.17, Briefing.com reports. Polaris had a return on equity of 31.39% and a net margin of 4.63%. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the prior year, the business posted $2.05 earnings per share. The business’s quarterly revenue was down 20.3% on a year-over-year basis. Polaris updated its FY24 guidance to $7.79-$8.24 EPS and its FY 2024 guidance to 7.786-8.244 EPS.
Polaris Price Performance
Shares of Polaris stock opened at $83.36 on Friday. Polaris has a 12 month low of $82.00 and a 12 month high of $138.49. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.47 and a quick ratio of 0.46. The stock has a market capitalization of $4.71 billion, a P/E ratio of 12.22, a PEG ratio of 2.50 and a beta of 1.60. The business has a 50 day simple moving average of $92.75 and a two-hundred day simple moving average of $91.57.
Polaris Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.17%. This is a boost from Polaris’s previous quarterly dividend of $0.65. Polaris’s dividend payout ratio is presently 38.71%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on PII
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.
Featured Articles
- Five stocks we like better than Polaris
- Stock Analyst Ratings and Canadian Analyst Ratings
- Semiconductor Shakeout: Finding Potential Amidst Turmoil
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Hasbro’s Management Made All the Right Calls This Quarter
- What is the NASDAQ Stock Exchange?
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
Receive News & Ratings for Polaris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris and related companies with MarketBeat.com's FREE daily email newsletter.