BRP (TSE:DOO) Releases Earnings Results

BRP (TSE:DOO) posted its quarterly earnings data on Thursday. The company reported C$1.83 earnings per share for the quarter, FiscalAI reports. BRP had a return on equity of 54.95% and a net margin of 3.45%.The business had revenue of C$2.39 billion for the quarter.

BRP Stock Performance

Shares of DOO stock opened at C$80.29 on Thursday. The stock’s 50-day moving average is C$84.87 and its two-hundred day moving average is C$94.99. The firm has a market cap of C$5.92 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 2.05 and a beta of 1.03. BRP has a 1 year low of C$49.70 and a 1 year high of C$112.26. The company has a debt-to-equity ratio of 443.59, a quick ratio of 0.20 and a current ratio of 1.27.

BRP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 24th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. BRP’s dividend payout ratio (DPR) is presently 21.77%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Canadian Imperial Bank of Commerce dropped their target price on BRP from C$118.00 to C$90.00 and set an “outperformer” rating on the stock in a report on Thursday, May 21st. Raymond James Financial lowered BRP from a “strong-buy” rating to a “market perform” rating in a report on Friday, April 24th. TD Securities lowered BRP from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. TD set a C$84.00 target price on BRP and gave the company a “hold” rating in a report on Thursday, May 21st. Finally, National Bank Financial lowered BRP from an “outperform” rating to a “hold” rating and dropped their target price for the company from C$125.00 to C$80.00 in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, BRP currently has an average rating of “Moderate Buy” and an average target price of C$103.33.

BRP Company Profile

BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after discontinuing the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia).