BRP (NASDAQ:DOO) Releases Earnings Results, Beats Expectations By $0.18 EPS

BRP (NASDAQ:DOO) announced its quarterly earnings data on Thursday. The company reported $2.21 EPS for the quarter, beating the consensus estimate of $2.03 by $0.18, Briefing.com reports. BRP had a net margin of 0.45% and a return on equity of 67.30%. The business’s quarterly revenue was up 16.0% on a year-over-year basis.

BRP Price Performance

Shares of DOO opened at $66.59 on Thursday. The company has a quick ratio of 0.49, a current ratio of 1.23 and a debt-to-equity ratio of 4.31. The stock has a market cap of $4.88 billion, a PE ratio of 175.23 and a beta of 1.22. BRP has a 1 year low of $31.78 and a 1 year high of $81.89. The business’s 50 day moving average price is $73.90.

BRP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Thursday, March 26th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.28 dividend on an annualized basis and a yield of 0.4%. BRP’s payout ratio is presently 170.27%.

Wall Street Analysts Forecast Growth

DOO has been the subject of a number of analyst reports. UBS Group increased their price target on BRP from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, January 9th. Wells Fargo & Company started coverage on BRP in a research report on Wednesday, March 11th. They set an “overweight” rating for the company. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of BRP in a report on Monday. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $75.00.

Institutional Investors Weigh In On BRP

A number of hedge funds have recently bought and sold shares of DOO. Mackenzie Financial Corp bought a new position in BRP during the fourth quarter valued at $207,651,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of BRP during the 4th quarter valued at about $169,341,000. FIL Ltd purchased a new stake in shares of BRP during the 4th quarter valued at about $123,110,000. The Manufacturers Life Insurance Company bought a new position in shares of BRP in the 4th quarter valued at about $84,978,000. Finally, Caisse de depot et placement du Quebec bought a new position in shares of BRP in the 4th quarter valued at about $69,172,000.

BRP Company Profile

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.