BRP (TSE:DOO) Announces Earnings Results

BRP (TSE:DOO) released its quarterly earnings results on Friday. The company reported C$0.61 earnings per share for the quarter, beating the consensus estimate of C$0.30 by C$0.31, reports. BRP had a net margin of 5.83% and a return on equity of 94.59%. The company had revenue of C$1.84 billion during the quarter, compared to analysts’ expectations of C$1.85 billion.

BRP Price Performance

TSE:DOO opened at C$85.30 on Monday. The stock has a market capitalization of C$3.04 billion, a PE ratio of 11.45, a P/E/G ratio of 2.05 and a beta of 2.33. BRP has a 1-year low of C$77.42 and a 1-year high of C$109.00. The firm has a fifty day simple moving average of C$92.68 and a 200 day simple moving average of C$91.36. The company has a current ratio of 1.35, a quick ratio of 0.20 and a debt-to-equity ratio of 461.35.

BRP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, September 27th. BRP’s payout ratio is presently 11.28%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Citigroup boosted their price objective on shares of BRP from C$100.00 to C$110.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Stifel Nicolaus cut BRP from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$106.00 to C$97.00 in a research report on Wednesday, August 21st. Royal Bank of Canada decreased their price objective on BRP from C$110.00 to C$108.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Scotiabank cut their target price on BRP from C$105.00 to C$103.00 and set a “sector perform” rating on the stock in a research note on Monday, June 3rd. Finally, National Bankshares cut shares of BRP from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$109.00 to C$100.00 in a research note on Wednesday, August 21st. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$101.92.

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.