Polaris - PII Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Polaris in the last year. There are currently 9 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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11 Wall Street research analysts have issued twelve-month price targets for Polaris' stock. Their PII share price forecasts range from $102.00 to $130.00. On average, they anticipate the company's share price to reach $113.70 in the next twelve months. This suggests a possible upside of 6.1% from the stock's current price.
View analysts price targets for PII or view top-rated stocks among Wall Street analysts.

Polaris' stock was trading at $101.00 at the start of the year. Since then, PII shares have increased by 6.1% and is now trading at $107.13.
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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 results on Tuesday, January, 31st. The company reported $3.46 earnings per share for the quarter, beating analysts' consensus estimates of $3.28 by $0.18. The business earned $2.40 billion during the quarter, compared to analyst estimates of $2.40 billion. Polaris had a trailing twelve-month return on equity of 57.76% and a net margin of 5.10%. Polaris's revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.16 EPS.

Polaris announced a quarterly dividend on Thursday, February 2nd. Investors 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 yield of 2.43%. The ex-dividend date of this dividend is Tuesday, February 28th. This is an increase from the stock's previous quarterly dividend of $0.64.
Read our dividend analysis for PII.

ETFs with the largest weight of Polaris (NYSE:PII) stock in their portfolio include AdvisorShares Focused Equity ETF (CWS), Inspire Faithward Mid Cap Momentum ETF (GLRY), VanEck Morningstar ESG Moat ETF (MOTE), VanEck Morningstar Wide Moat ETF (MOAT), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), SRH U.S. Quality ETF (SRHQ), Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD) and FIS Biblically Responsible Risk Managed ETF (PRAY).

Polaris (NYSE:PII) pays an annual dividend of $2.60 per share and currently has a dividend yield of 2.43%. The company has been increasing its dividend for 28 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 24.95% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PII.

Polaris updated 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 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 number of institutional and retail investors. Top institutional investors include The Manufacturers Life Insurance Company (4.18%), Boston Partners (3.48%), Van ECK Associates Corp (2.91%), Confluence Investment Management LLC (1.94%), Morgan Stanley (1.47%) and Geode Capital Management LLC (1.27%). 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 $107.13.

Polaris (NYSE:PII) has a market capitalization of $6.11 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 16,200 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.