BRP (NASDAQ:DOOO) Posts Quarterly Earnings Results

BRP (NASDAQ:DOOO) posted its quarterly earnings results on Wednesday. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.62 by $0.07, Zacks reports. BRP had a net margin of 2.29% and a return on equity of 61.20%.

BRP Trading Down 6.7 %

Shares of DOOO opened at $35.54 on Wednesday. The stock has a market capitalization of $2.59 billion, a P/E ratio of 18.90 and a beta of 2.03. BRP has a twelve month low of $35.54 and a twelve month high of $75.59. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19. The firm has a fifty day simple moving average of $43.56 and a two-hundred day simple moving average of $49.91.

Analyst Ratings Changes

Separately, Citigroup downgraded shares of BRP from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $48.00 to $29.00 in a research note on Thursday, March 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, BRP presently has a consensus rating of “Hold” and a consensus price target of $87.80.

About BRP

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.