BRP (NASDAQ:DOOO) Releases Earnings Results

BRP (NASDAQ:DOOO) posted its quarterly earnings results on Wednesday. The company reported $0.69 earnings per share 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 business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.97 billion.

BRP Stock Down 7.2 %

Shares of NASDAQ:DOOO opened at $35.46 on Friday. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 18.86 and a beta of 2.03. BRP has a 12 month low of $35.37 and a 12 month high of $75.59. The company has a 50-day moving average price of $42.90 and a 200 day moving average price of $49.73. The company has a current ratio of 1.37, a quick ratio of 0.57 and a debt-to-equity ratio of 5.19.

BRP Increases Dividend

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

Wall Street Analyst Weigh In

Separately, Citigroup downgraded BRP from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $48.00 to $29.00 in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, BRP currently has an average rating of “Hold” and a consensus price target 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.