BRP (NASDAQ:DOO) Announces Quarterly Earnings Results, Beats Expectations By $0.18 EPS

BRP (NASDAQ:DOOGet Free Report) posted its quarterly earnings results on Thursday. The company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.18, Briefing.com reports. BRP had a return on equity of 67.30% and a net margin of 0.45%.The company’s quarterly revenue was up 16.0% on a year-over-year basis.

BRP Stock Up 3.4%

Shares of BRP stock opened at $67.24 on Friday. The company’s 50 day simple moving average is $73.67. BRP has a 52 week low of $31.78 and a 52 week high of $81.89. The company has a market capitalization of $4.93 billion, a P/E ratio of 181.73 and a beta of 1.22. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.49 and a current ratio of 1.23.

BRP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. This is a boost from BRP’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, April 10th. BRP’s payout ratio is presently 170.27%.

BRP News Roundup

Here are the key news stories impacting BRP this week:

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on DOO shares. Wells Fargo & Company started coverage on shares of BRP in a report on Wednesday, March 11th. They issued an “overweight” rating on the stock. UBS Group upped their price target on shares of BRP from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, January 9th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of BRP in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, BRP has an average rating of “Hold” and a consensus target price of $75.00.

View Our Latest Analysis on DOO

About BRP

(Get Free Report)

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.

Further Reading

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