Polaris (NYSE:PII) Updates FY 2026 Earnings Guidance

Polaris (NYSE:PII) issued an update on its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 3.000-3.100 for the period, compared to the consensus EPS estimate of 1.810. The company issued revenue guidance of $7.3 billion-$7.5 billion, compared to the consensus revenue estimate of $7.3 billion.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PII shares. Robert W. Baird lifted their target price on Polaris from $70.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday. Morgan Stanley decreased their price target on shares of Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 19th. Zacks Research upgraded shares of Polaris from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada increased their price objective on Polaris from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Polaris in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Polaris currently has a consensus rating of “Hold” and a consensus price target of $66.11.

Polaris Price Performance

Shares of NYSE PII opened at $69.64 on Wednesday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.48 and a current ratio of 1.21. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of -8.96 and a beta of 1.25. Polaris has a fifty-two week low of $47.14 and a fifty-two week high of $77.98. The company has a 50 day simple moving average of $69.10 and a two-hundred day simple moving average of $64.28.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $1.21. Polaris had a positive return on equity of 5.91% and a negative net margin of 6.13%.The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the previous year, the firm earned ($1.39) EPS. The firm’s revenue was up 9.2% compared to the same quarter last year. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. Analysts expect that Polaris will post 1.76 EPS for the current fiscal year.

Polaris Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.68 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.9%. Polaris’s dividend payout ratio is presently -34.69%.

Key Headlines Impacting Polaris

Here are the key news stories impacting Polaris this week:

• Positive Sentiment: Polaris reported second-quarter EPS of $1.97, well above the approximately $0.76–$0.77 consensus estimate, while revenue reached $2.02 billion versus expectations of $1.95 billion. Revenue increased 9.2% year over year, providing the primary catalyst for investor optimism. Polaris tops Q2 earnings and revenue estimates
• Positive Sentiment: The company raised its fiscal 2026 outlook to $3.00–$3.10 in EPS and $7.3 billion–$7.5 billion in revenue. The earnings forecast is substantially above the roughly $1.81 analyst consensus cited before the update, suggesting management expects the recovery to continue. Polaris reports strong Q2 and optimistic guidance
• Positive Sentiment: Management highlighted solid demand, particularly for utility off-road vehicles, along with market-share gains and margin expansion. These trends reinforce the view that Polaris is recovering from the recent downturn. Polaris Q2 earnings call highlights
• Neutral Sentiment: Robert W. Baird raised its price target from $70 to $72 but maintained a Neutral rating. The modest target increase indicates that the earnings improvement is largely reflected in the stock’s valuation. Benzinga analyst update
• Negative Sentiment: A meaningful portion of the quarter’s margin improvement came from a one-time tariff refund, while ongoing tariffs could pressure profitability. Recreational demand also remains volatile, creating execution risk for the upgraded outlook. Polaris rallies after demand and tariff refunds boost results

Institutional Trading of Polaris

Institutional investors and hedge funds have recently modified their holdings of the stock. Kemnay Advisory Services Inc. acquired a new position in shares of Polaris in the fourth quarter valued at approximately $27,000. Canada Pension Plan Investment Board purchased a new stake in shares of Polaris during the second quarter worth approximately $73,000. NewEdge Advisors LLC lifted its stake in Polaris by 34.1% in the second quarter. NewEdge Advisors LLC now owns 1,877 shares of the company’s stock worth $76,000 after acquiring an additional 477 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Polaris by 582.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,144 shares of the company’s stock worth $87,000 after acquiring an additional 1,830 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new stake in shares of Polaris in the 4th quarter valued at $139,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Company Profile

Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.

Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.