Brokerages Anticipate BRP Inc (DOOO) Will Post Quarterly Sales of $1.07 Billion
Wall Street brokerages forecast that BRP Inc (NASDAQ:DOOO) will report sales of $1.07 billion for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for BRP’s earnings, with estimates ranging from $1.05 billion to $1.09 billion. The firm is expected to issue its next quarterly earnings report on Friday, March 1st.
According to Zacks, analysts expect that BRP will report full-year sales of $3.85 billion for the current year, with estimates ranging from $3.82 billion to $3.88 billion. For the next fiscal year, analysts forecast that the business will report sales of $4.20 billion, with estimates ranging from $4.08 billion to $4.31 billion. Zacks’ sales averages are an average based on a survey of research firms that cover BRP.
Several brokerages recently weighed in on DOOO. Zacks Investment Research lowered shares of BRP from a “hold” rating to a “sell” rating in a research report on Tuesday. GMP Securities began coverage on shares of BRP in a research report on Monday. They set a “buy” rating on the stock. Canaccord Genuity reaffirmed a “buy” rating on shares of BRP in a research report on Sunday, December 2nd. National Bank Financial reaffirmed a “buy” rating on shares of BRP in a research report on Tuesday, November 27th. Finally, Desjardins reaffirmed a “buy” rating on shares of BRP in a research report on Tuesday, October 9th. One analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy”.
Shares of DOOO stock traded down $0.99 during trading on Friday, hitting $29.37. 27,511 shares of the company were exchanged, compared to its average volume of 35,545. BRP has a twelve month low of $29.70 and a twelve month high of $55.41.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Friday, December 28th will be given a dividend of $0.0679 per share. This represents a $0.27 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, December 27th.
BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and propulsion systems worldwide. The company offers all-terrain, side-by-side, and spyder vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircrafts.
Featured Article: Derivative
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for BRP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRP and related companies with MarketBeat.com's FREE daily email newsletter.