Is Polaris Inc (NYSE: PII) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted POLARIS FACTORY RACING DRIVERS DOMINATE 2024 SCORE SAN FELIPE 250 IN NEWLY UNLEASHED GEN 2 RZR PRO R FACTORY RACE VEHICLE.

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Stocks Info

This NYSE-listed company operates within the Recreational Vehicles industry segment, falling under the Consumer Cyclical sector. The current market capitalization of Polaris Inc is $5.58B. A total of 0.51 million shares were traded on the day, compared to an average of 694.82K shares.

In the most recent transaction, Mack Robert Paul sold 8,312 shares of PII for 130.00 per share on Aug 07 ’23. After the transaction, the CFO, EVP – Finance + Corp Dev now owns 28,356 company shares. In a previous transaction on Aug 03 ’23, FARR KEVIN M sold 3,225 shares at 133.28 per share. PII shares that Director owns now total 14,645.

Among the insiders who sold shares, Eastman Stephen L. disposed of 10,000 shares on Jul 28 ’23 at a per-share price of $135.82. This resulted in the President – PG&A + Aftermarket holding 17,800 shares of PII after the transaction. In another insider transaction, Speetzen Michael T sold 2,540 shares at $135.81 per share on Jul 28 ’23. Company shares held by the CEO now total 53,527.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Polaris Inc pays an annual dividend of $2.61, resulting in a dividend yield of 2.64%, and it has a price to earnings (P/E) ratio of 11.37. PII’s most recent ex-dividend date was 2/29/2024 when it declared a $0.66 quarterly dividend that was paid in cash on 3/15/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/30/2023. The PII stock dividend was $0.65 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, PII has a high of $138.49 and a low of $82.00.

As of this writing, PII has an earnings estimate of $0.05 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.14 per share and a lower estimate of $0. The company reported an EPS of $2.71 in the last quarter, which was 0.70% higher than expectations of $2.69.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. PII’s latest balance sheet shows that the firm has $502.30M in Cash & Short Term Investments as of fiscal 2021. There were $1.89B in debt and $2.23B in liabilities at the time. Its Book Value Per Share was $25.10, while its Total Shareholder’s Equity was $1.23B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PII is Buy with a score of 3.42.

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