Polaris (PII) Expected to Announce Earnings on Tuesday

Polaris (NYSE:PII) is projected to post its quarterly earnings results before the market opens on Tuesday, January 28th. Analysts expect Polaris to post earnings of $0.89 per share and revenue of $1,682,143.90 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Polaris Stock Down 0.8 %

Shares of NYSE PII opened at $53.80 on Monday. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 6.05 and a beta of 1.53. Polaris has a 52 week low of $52.62 and a 52 week high of $100.91. The firm has a 50-day moving average price of $60.62 and a 200 day moving average price of $72.84. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PII. Truist Financial decreased their price target on Polaris from $76.00 to $60.00 and set a “hold” rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada lowered their target price on Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. KeyCorp downgraded Polaris from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, January 8th. Roth Mkm lowered their price objective on shares of Polaris from $76.00 to $57.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Citigroup cut their target price on shares of Polaris from $73.00 to $57.00 and set a “neutral” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $73.45.

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.