Polaris - PII Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Polaris in the last twelve months. There are currently 8 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" PII shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PII, but not buy additional shares or sell existing shares.
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10 equities research analysts have issued 12-month price targets for Polaris' shares. Their PII share price forecasts range from $102.00 to $130.00. On average, they predict the company's share price to reach $113.56 in the next year. This suggests that the stock has a possible downside of 2.9%.
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Polaris' stock was trading at $101.00 at the beginning of the year. Since then, PII shares have increased by 15.8% and is now trading at $116.98.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our PII earnings forecast.

Polaris Inc. (NYSE:PII) announced its quarterly earnings data on Tuesday, January, 31st. The company reported $3.46 EPS for the quarter, beating the consensus estimate of $3.28 by $0.18. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.40 billion. Polaris had a net margin of 5.10% and a trailing twelve-month return on equity of 57.76%. The firm's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.16 EPS.

Polaris announced a quarterly dividend on Thursday, February 2nd. Stockholders of record on Wednesday, March 1st will be given a dividend of $0.65 per share on Wednesday, March 15th. This represents a $2.60 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Tuesday, February 28th. This is a positive change from the stock's previous quarterly dividend of $0.64.
Read our dividend analysis for PII.

Polaris (NYSE:PII) pays an annual dividend of $2.60 per share and currently has a dividend yield of 2.19%. The company has been increasing its dividend for 27 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 34.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PII will have a dividend payout ratio of 25.02% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PII.

Polaris issued an update on its FY 2023 earnings guidance on Tuesday, January, 31st. The company provided earnings per share (EPS) guidance of $10.10-$10.75 for the period, compared to the consensus earnings per share estimate of $9.97. The company issued revenue guidance of $8.60 billion-$9.00 billion, compared to the consensus revenue estimate of $8.41 billion.

208 employees have rated Polaris Chief Executive Officer Scott W. Wine on Glassdoor.com. Scott W. Wine has an approval rating of 82% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Polaris investors own include Johnson & Johnson (JNJ), McDonald's (MCD), Pfizer (PFE), Intel (INTC), CVS Health (CVS), International Business Machines (IBM), NVIDIA (NVDA), Exxon Mobil (XOM), AbbVie (ABBV) and Boeing (BA).

Polaris trades on the New York Stock Exchange (NYSE) under the ticker symbol "PII."

Polaris' stock is owned by a variety of retail and institutional investors. Top institutional investors include Boston Partners (3.48%), Van ECK Associates Corp (2.91%), Confluence Investment Management LLC (1.94%), River Road Asset Management LLC (0.80%), ProShare Advisors LLC (0.60%) and HM Payson & Co. (0.54%). Insiders that own company stock include Christopher Musso, Dougherty Lucy Clark, Jacob Vogel, James P Williams, Kevin M Farr, Michael D Dougherty, Michael T Speetzen, Robert Paul Mack, Scott W Wine, Stephen L Eastman and Steven Menneto.
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Shares of PII stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PII stock can currently be purchased for approximately $116.98.

Polaris (NYSE:PII) has a market capitalization of $6.78 billion and generates $8.59 billion in revenue each year. The company earns $447.10 million in net income (profit) each year or $7.50 on an earnings per share basis.

The company employs 16,000 workers across the globe.

Polaris' mailing address is 2100 HIGHWAY 55, MEDINA MN, 55340. The official website for the company is www.polaris.com. The company can be reached via phone at (763) 542-0500, via email at polaris.investorrelations@polaris.com, or via fax at 763-542-0599.