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

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

BRP Stock Down 7.2 %

Shares of DOOO opened at $35.46 on Friday. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 18.86 and a beta of 2.03. BRP has a 1 year low of $35.37 and a 1 year high of $75.59. The business’s 50 day simple moving average is $42.90 and its 200-day simple moving average is $49.73.

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%.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded shares of BRP from a “neutral” rating to a “sell” rating and cut their price objective for the company from $48.00 to $29.00 in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, BRP has a consensus 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.