Brokers Set Expectations for BRP Inc’s Q4 2019 Earnings (DOO)
BRP Inc (TSE:DOO) – Investment analysts at National Bank Financial issued their Q4 2019 earnings per share (EPS) estimates for BRP in a note issued to investors on Thursday, January 31st. National Bank Financial analyst C. Doerksen forecasts that the company will earn $0.84 per share for the quarter. National Bank Financial currently has a “Outperform” rating and a $48.00 target price on the stock. National Bank Financial also issued estimates for BRP’s FY2020 earnings at $3.43 EPS.
Several other equities research analysts have also issued reports on the company. UBS Group dropped their price objective on BRP from C$80.00 to C$73.00 in a research note on Wednesday, December 19th. BMO Capital Markets decreased their price objective on BRP from C$76.00 to C$65.00 in a report on Monday, December 3rd. CIBC cut their target price on BRP from C$79.00 to C$63.00 in a research note on Monday, December 3rd. Desjardins cut their target price on BRP from C$78.00 to C$74.00 in a research note on Monday, December 3rd. Finally, Royal Bank of Canada raised BRP from a “sector perform” rating to an “outperform” rating and set a C$70.00 price objective on the stock in a research report on Tuesday, October 9th. Five analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of C$65.43.
BRP (TSE:DOO) last announced its quarterly earnings data on Friday, November 30th. The company reported C$1.04 earnings per share for the quarter, beating the consensus estimate of C$0.97 by C$0.07. The firm had revenue of C$1.39 billion for the quarter, compared to the consensus estimate of C$1.30 billion.
The company also recently announced a quarterly dividend, which was paid on Friday, January 11th. Investors of record on Friday, December 28th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.95%. The ex-dividend date was Thursday, December 27th. BRP’s dividend payout ratio is currently 14.55%.
BRP Company Profile
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.
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