BRP (NASDAQ:DOO) Issues Quarterly Earnings Results, Beats Estimates By $0.58 EPS

BRP (NASDAQ:DOO) announced its quarterly earnings data on Thursday. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.58, Zacks reports. BRP had a net margin of 3.54% and a return on equity of 73.67%.

BRP Trading Up 1.9%

Shares of NASDAQ:DOO opened at $58.03 on Thursday. The stock has a market cap of $4.28 billion, a P/E ratio of 19.94 and a beta of 0.90. The company has a debt-to-equity ratio of 3.92, a current ratio of 1.27 and a quick ratio of 0.56. BRP has a 12-month low of $35.90 and a 12-month high of $81.89. The firm has a fifty day moving average of $61.64.

BRP Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were given a dividend of $0.25 per share. This is a boost from BRP’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.00 annualized dividend and a yield of 1.7%. BRP’s payout ratio is 24.74%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group reaffirmed a “neutral” rating on shares of BRP in a research report on Friday, April 24th. Royal Bank Of Canada lowered their price target on BRP from $124.00 to $107.00 and set an “outperform” rating for the company in a report on Monday, April 20th. Canaccord Genuity Group cut BRP from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. National Bank Financial downgraded BRP from an “outperform” rating to a “sector perform” rating in a report on Wednesday, April 15th. Finally, Wall Street Zen lowered BRP from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 18th. Two analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $85.67.

Institutional Investors Weigh In On BRP

A number of institutional investors have recently added to or reduced their stakes in the stock. Quarry LP bought a new position in BRP in the fourth quarter worth about $30,000. Quadrant Capital Group LLC bought a new stake in shares of BRP in the 4th quarter valued at about $89,000. PNC Financial Services Group Inc. bought a new stake in shares of BRP in the 4th quarter valued at about $142,000. Wells Fargo & Company MN purchased a new position in shares of BRP in the 4th quarter worth approximately $227,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of BRP in the 4th quarter worth approximately $250,000.

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.