BRP Inc. (NASDAQ:DOOO) Announces $0.15 Quarterly Dividend

BRP Inc. (NASDAQ:DOOO) announced a quarterly dividend on Thursday, September 5th, Zacks reports. Shareholders of record on Friday, September 27th will be given a dividend of 0.152 per share on Friday, October 11th. This represents a $0.61 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Friday, September 27th.

BRP has raised its dividend payment by an average of 87.0% per year over the last three years. BRP has a dividend payout ratio of 9.9% meaning its dividend is sufficiently covered by earnings. Analysts expect BRP to earn $6.03 per share next year, which means the company should continue to be able to cover its $0.62 annual dividend with an expected future payout ratio of 10.3%.

BRP Price Performance

Shares of DOOO traded down $3.17 during midday trading on Friday, reaching $62.91. The stock had a trading volume of 496,617 shares, compared to its average volume of 121,989. The company has a current ratio of 1.35, a quick ratio of 0.46 and a debt-to-equity ratio of 4.23. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 11.38 and a beta of 2.07. The company’s 50-day moving average is $68.18 and its 200 day moving average is $67.02. BRP has a 12-month low of $57.15 and a 12-month high of $79.84.

BRP (NASDAQ:DOOO) last issued its earnings results on Friday, September 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.23. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. BRP had a return on equity of 101.72% and a net margin of 5.87%. On average, equities analysts predict that BRP will post 4.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DOOO has been the subject of a number of recent research reports. National Bank Financial lowered BRP from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, August 21st. Stifel Nicolaus cut shares of BRP from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. CIBC decreased their price target on shares of BRP from $110.00 to $100.00 and set an “outperformer” rating for the company in a research note on Monday, June 3rd. Finally, Citigroup lifted their price objective on BRP from $73.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $122.75.

BRP Company Profile

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.