Polaris Inc. (NYSE:PII) to Issue Quarterly Dividend of $0.67

Key Points

• Polaris Inc. announced a quarterly dividend of $0.67 per share, which will be paid to shareholders on September 15th, representing a yield of 5.1%.
• The company has a high payout ratio of 1,072.0%, indicating it currently relies on its balance sheet to fund dividends, though future earnings projections suggest a more sustainable payout ratio of 93.7%.
• Polaris reported a decline in quarterly revenue of 5.5% year-over-year, but exceeded earnings expectations with $0.40 EPS compared to a consensus estimate of $0.05.

Polaris Inc. (NYSE:PII - Get Free Report) announced a quarterly dividend on Thursday, July 31st, RTT News reports. Shareholders of record on Tuesday, September 2nd will be paid a dividend of 0.67 per share on Monday, September 15th. This represents a c) annualized dividend and a yield of 5.1%.

Polaris has a payout ratio of 1,072.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Polaris to earn $2.86 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 93.7%.

Polaris Price Performance

PII traded down $0.13 during trading on Thursday, hitting $52.89. The company's stock had a trading volume of 2,055,513 shares, compared to its average volume of 1,749,405. The company has a current ratio of 1.04, a quick ratio of 0.37 and a debt-to-equity ratio of 1.17. Polaris has a twelve month low of $30.92 and a twelve month high of $87.83. The business's fifty day simple moving average is $44.04 and its 200 day simple moving average is $42.80. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of -28.13 and a beta of 1.05.

Polaris (NYSE:PII - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.05 by $0.35. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period last year, the company earned $1.38 earnings per share. Polaris's quarterly revenue was down 5.5% compared to the same quarter last year. On average, equities research analysts forecast that Polaris will post 1.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PII has been the topic of several research analyst reports. Robert W. Baird raised their price objective on Polaris from $46.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday. Wall Street Zen lowered Polaris from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $52.00 price target (up from $33.00) on shares of Polaris in a research note on Wednesday. Citigroup reaffirmed a "sell" rating and issued a $27.00 price target (up from $23.00) on shares of Polaris in a research note on Monday, June 16th. Finally, Baird R W lowered Polaris from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $48.33.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.