BRP (NASDAQ:DOOO) Posts Earnings Results, Beats Estimates By $0.07 EPS

BRP (NASDAQ:DOOO) issued its quarterly earnings data on Wednesday. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07, Zacks reports. BRP had a return on equity of 61.20% and a net margin of 2.29%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.97 billion.

BRP Stock Down 7.2 %

Shares of DOOO stock opened at $35.46 on Friday. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 18.86 and a beta of 2.03. The firm’s 50-day moving average is $42.90 and its 200-day moving average is $49.73. BRP has a 52-week low of $35.37 and a 52-week high of $75.59. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37.

BRP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be given a dividend of $0.1508 per share. The ex-dividend date is Friday, April 4th. This is a boost from BRP’s previous quarterly dividend of $0.15. This represents a $0.60 annualized dividend and a yield of 1.70%. BRP’s payout ratio is 30.85%.

Wall Street Analyst Weigh In

Separately, Citigroup lowered BRP from a “neutral” rating to a “sell” rating and lowered their target price for the company from $48.00 to $29.00 in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, BRP currently has an average rating of “Hold” and an average target price 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.