Equities analysts expect BRP Inc (NASDAQ:DOOO) to report earnings of $0.40 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for BRP’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.36. BRP reported earnings of $0.41 per share during the same quarter last year, which would indicate a negative year over year growth rate of 2.4%. The business is scheduled to issue its next quarterly earnings results on Thursday, May 30th.
According to Zacks, analysts expect that BRP will report full-year earnings of $2.69 per share for the current financial year, with EPS estimates ranging from $2.61 to $2.74. For the next year, analysts anticipate that the company will report earnings of $2.86 per share, with EPS estimates ranging from $2.43 to $3.08. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow BRP.
BRP (NASDAQ:DOOO) last announced its quarterly earnings data on Friday, March 22nd. The company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.05. BRP had a net margin of 4.30% and a negative return on equity of 80.69%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.06 billion.
Several analysts have recently issued reports on DOOO shares. Zacks Investment Research cut shares of BRP from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. National Bank Financial reissued a “buy” rating on shares of BRP in a research note on Saturday, February 2nd. TD Securities started coverage on shares of BRP in a research note on Thursday, February 7th. They set a “hold” rating for the company. Finally, Wells Fargo & Co raised shares of BRP from a “market perform” rating to an “outperform” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy”.
Large investors have recently bought and sold shares of the stock. Credit Suisse AG acquired a new position in BRP in the 3rd quarter valued at $1,426,000. Signition LP lifted its holdings in BRP by 33.1% during the 4th quarter. Signition LP now owns 16,100 shares of the company’s stock valued at $417,000 after purchasing an additional 4,000 shares during the last quarter. FMR LLC bought a new position in BRP during the 3rd quarter valued at about $5,536,000. Highstreet Asset Management Inc. lifted its holdings in BRP by 23.4% during the 4th quarter. Highstreet Asset Management Inc. now owns 69,249 shares of the company’s stock valued at $1,793,000 after purchasing an additional 13,126 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in BRP during the 3rd quarter valued at about $29,362,000. Institutional investors and hedge funds own 30.89% of the company’s stock.
Shares of NASDAQ DOOO traded up $0.08 during trading on Tuesday, hitting $30.85. 18,627 shares of the company traded hands, compared to its average volume of 31,676. BRP has a 1 year low of $23.90 and a 1 year high of $55.41. The stock has a market capitalization of $3.00 billion and a PE ratio of 12.96.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a dividend of $0.075 per share. This is a positive change from BRP’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.30 annualized dividend and a dividend yield of 0.97%. BRP’s payout ratio is presently 12.61%.
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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