BRP (NASDAQ:DOOO) Issues Quarterly Earnings Results, Beats Estimates By $0.07 EPS

BRP (NASDAQ:DOOO) issued its quarterly earnings data on Wednesday. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.07, Zacks reports. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.97 billion. BRP had a return on equity of 61.20% and a net margin of 2.29%.

BRP Stock Performance

Shares of BRP stock opened at $35.46 on Friday. BRP has a 52 week low of $35.37 and a 52 week high of $75.59. The company has a market capitalization of $2.59 billion, a PE ratio of 18.86 and a beta of 2.03. The stock’s fifty day moving average is $42.90 and its two-hundred day moving average is $49.73. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19.

BRP Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be issued a dividend of $0.1508 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.60 dividend on an annualized basis and a yield of 1.70%. This is a boost from BRP’s previous quarterly dividend of $0.15. BRP’s payout ratio is presently 30.85%.

Analysts Set New Price Targets

Separately, Citigroup lowered BRP from a “neutral” rating to a “sell” rating and decreased their price target for the company from $48.00 to $29.00 in a report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, BRP presently has an average rating of “Hold” and an average price target of $87.80.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.