Polaris Inc. (PII) To Go Ex-Dividend on December 1st

Polaris Inc. (NYSE:PII) announced a quarterly dividend on Thursday, October 29th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.68 per share on Tuesday, December 15th. This represents a $2.72 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Tuesday, December 1st.

Polaris has a dividend payout ratio of 1,088.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Polaris to earn $3.45 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 78.8%.

Polaris Trading Down 1.3%

NYSE PII opened at $59.46 on Friday. The firm has a market cap of $3.38 billion, a P/E ratio of -16.11 and a beta of 1.32. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.06 and a quick ratio of 0.47. The stock’s 50-day moving average is $56.56 and its 200-day moving average is $62.61. Polaris has a one year low of $47.14 and a one year high of $77.98.

Polaris (NYSE:PII) last released its quarterly earnings data on Tuesday, October 27th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.49. Polaris had a positive return on equity of 23.19% and a negative net margin of 2.70%. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the previous year, the business posted ($0.28) EPS. Polaris’s revenue for the quarter was up 10.9% on a year-over-year basis. Sell-side analysts anticipate that Polaris will post 3.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Polaris in a research note on Tuesday. Wells Fargo & Company reduced their price target on shares of Polaris from $70.00 to $55.00 and set an “equal weight” rating for the company in a report on Monday, October 19th. Royal Bank Of Canada lowered their price objective on shares of Polaris from $75.00 to $72.00 and set a “sector perform” rating for the company in a research report on Wednesday. Roth Capital reissued a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. Finally, Robert W. Baird dropped their price objective on shares of Polaris from $72.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Polaris currently has a consensus rating of “Hold” and a consensus target price of $62.38.

Polaris Company Profile

Polaris Inc is a manufacturer of powersports products headquartered in Medina, Minnesota. Founded in 1954, the company began as a snowmobile manufacturer and has expanded into a diversified portfolio of off-road vehicles, motorcycles, snowmobiles and boats.

Its off-road vehicle lineup includes utility and recreational models sold under brands such as RANGER, RZR, Sportsman and GENERAL. Polaris also manufactures snowmobiles under the Polaris brand and motorcycles through Indian Motorcycle and Slingshot.