BRP (DOOO) Set to Announce Quarterly Earnings on Wednesday

BRP (NASDAQ:DOOOGet Rating) will issue its quarterly earnings data before the market opens on Wednesday, November 30th. Analysts expect the company to announce earnings of $1.79 per share for the quarter.

BRP (NASDAQ:DOOOGet Rating) last posted its quarterly earnings results on Wednesday, September 14th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.26. BRP had a net margin of 8.48% and a negative return on equity of 526.63%. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter last year, the firm posted $2.35 EPS. BRP’s revenue was up 28.1% compared to the same quarter last year. On average, analysts expect BRP to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

BRP Stock Up 1.4 %

BRP stock opened at $69.99 on Wednesday. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 10.56 and a beta of 2.39. The firm’s fifty day moving average price is $65.72 and its two-hundred day moving average price is $68.95. BRP has a 1-year low of $57.38 and a 1-year high of $88.53. The company has a current ratio of 1.08, a quick ratio of 0.26 and a debt-to-equity ratio of 233.30.

BRP Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were paid a dividend of $0.122 per share. The ex-dividend date was Thursday, September 29th. This represents a $0.49 dividend on an annualized basis and a yield of 0.70%. BRP’s dividend payout ratio (DPR) is currently 7.39%.

Analyst Ratings Changes

Several equities research analysts have commented on DOOO shares. Raymond James increased their price objective on shares of BRP from C$135.00 to C$138.00 in a research note on Thursday, September 15th. Scotiabank lifted their price target on BRP from C$126.00 to C$127.00 in a report on Thursday, September 15th. Finally, Royal Bank of Canada upped their price objective on BRP from C$113.00 to C$114.00 in a research note on Thursday, September 15th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.92.

Institutional Investors Weigh In On BRP

Large investors have recently added to or reduced their stakes in the company. Moors & Cabot Inc. boosted its holdings in shares of BRP by 8.2% in the first quarter. Moors & Cabot Inc. now owns 2,638 shares of the company’s stock worth $216,000 after acquiring an additional 200 shares during the period. Dimensional Fund Advisors LP increased its position in shares of BRP by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 14,228 shares of the company’s stock valued at $876,000 after buying an additional 282 shares during the period. JPMorgan Chase & Co. increased its position in shares of BRP by 21.1% during the second quarter. JPMorgan Chase & Co. now owns 2,494 shares of the company’s stock valued at $153,000 after buying an additional 434 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of BRP by 11.0% in the first quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company’s stock worth $462,000 after buying an additional 560 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of BRP by 33.1% in the third quarter. UBS Group AG now owns 2,735 shares of the company’s stock valued at $169,000 after acquiring an additional 680 shares during the period. Hedge funds and other institutional investors own 27.35% of the company’s stock.

About BRP

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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, Latin America, and internationally. The company operates through two segments, Powersports and Marine. It offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products, which consists of snowmobiles, personal watercraft, and pontoons; and parts, accessories and apparel, and engines for karts and recreational aircraft and other services.

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Earnings History for BRP (NASDAQ:DOOO)

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