Polaris (NYSE:PII) Releases FY 2026 Earnings Guidance

Polaris (NYSE:PII) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.500-1.600 for the period, compared to the consensus earnings per share estimate of 1.780. The company issued revenue guidance of $7.2 billion-$7.4 billion, compared to the consensus revenue estimate of $7.1 billion. Polaris also updated its Q1 2026 guidance to 0.450-0.450 EPS.

Polaris Price Performance

Polaris stock opened at $64.92 on Thursday. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of -24.50, a P/E/G ratio of 2.63 and a beta of 1.14. The company has a quick ratio of 0.36, a current ratio of 0.98 and a debt-to-equity ratio of 1.81. Polaris has a 12-month low of $30.92 and a 12-month high of $75.25. The business’s 50-day simple moving average is $67.59 and its 200 day simple moving average is $61.93.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, January 27th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Polaris had a negative net margin of 6.51% and a negative return on equity of 0.05%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS. Polaris has set its FY 2026 guidance at 1.500-1.600 EPS and its Q1 2026 guidance at 0.450-0.450 EPS. As a group, research analysts anticipate that Polaris will post 1.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Zacks Research downgraded Polaris from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Royal Bank Of Canada dropped their price target on Polaris to $67.00 and set a “sector perform” rating on the stock in a research report on Tuesday. Morgan Stanley lifted their price objective on Polaris from $72.00 to $81.00 and gave the company an “equal weight” rating in a report on Friday, January 16th. Roth Mkm reissued a “neutral” rating on shares of Polaris in a research note on Wednesday. Finally, Weiss Ratings upgraded shares of Polaris from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, January 16th. One investment analyst has rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $59.82.

Insider Activity at Polaris

In related news, SVP James P. Williams sold 4,554 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $67.53, for a total transaction of $307,531.62. Following the completion of the transaction, the senior vice president directly owned 43,878 shares of the company’s stock, valued at approximately $2,963,081.34. This represents a 9.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.12% of the stock is currently owned by corporate insiders.

Key Stories Impacting Polaris

Here are the key news stories impacting Polaris this week:

• Positive Sentiment: Q4 beat on top and bottom lines — Polaris reported $0.08 EPS vs. ~$0.06 consensus and revenue of $1.92B (vs. ~$1.82B), with revenue up ~9.5% year‑over‑year. That shows demand momentum across the business. Polaris beats Q4 expectations, shares dip slightly
• Positive Sentiment: Near‑term guidance: Polaris gave Q1 FY2026 EPS guidance of $0.45 (and revenue guidance that was roughly in line with consensus), which appears better than some street expectations for the quarter — this reduces near‑term downside risk to EPS vs. a potential loss scenario. Q4 and FY2025 results release
• Neutral Sentiment: Topline outlook mixed — Polaris set FY2026 revenue guidance of $7.2B–$7.4B (slightly above some estimates), indicating continued sales strength, but the company tempered EPS expectations for the year. Investors should watch whether revenue growth can offset margin headwinds. FY2026 guidance in press release
• Negative Sentiment: Tariffs and product‑mix pressured margins — management flagged a tariff‑related earnings hit and unfavorable mix that compressed margins in Q4 and could persist into FY2026, a primary reason the stock is trading lower despite the beat. PII Q4 Deep Dive: Tariffs and Mix Weigh on Margins
• Negative Sentiment: FY EPS guidance trimmed below consensus — Polaris set FY2026 EPS at $1.50–$1.60 versus a higher consensus (~$1.78), signaling that cost pressure and investment needs may limit near‑term profit expansion and drove the cautious market reaction. Polaris Flags Tariff Hit, Issues Cautious Outlook

Hedge Funds Weigh In On Polaris

A number of institutional investors have recently added to or reduced their stakes in PII. Canada Pension Plan Investment Board acquired a new stake in Polaris in the second quarter valued at $73,000. NewEdge Advisors LLC increased its stake in shares of Polaris by 34.1% during the 2nd quarter. NewEdge Advisors LLC now owns 1,877 shares of the company’s stock worth $76,000 after purchasing an additional 477 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Polaris by 582.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,144 shares of the company’s stock valued at $87,000 after purchasing an additional 1,830 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Polaris by 43.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,449 shares of the company’s stock valued at $140,000 after purchasing an additional 1,037 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new position in Polaris during the third quarter worth about $211,000. 88.06% of the stock is currently owned by institutional investors and hedge funds.

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.