Wall Street brokerages expect that BRP Inc (NASDAQ:DOOO) will post sales of $1.01 billion for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for BRP’s earnings. The highest sales estimate is $1.04 billion and the lowest is $985.85 million. BRP posted sales of $925.53 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.1%. The business is expected to issue its next quarterly earnings report on Thursday, August 29th.
On average, analysts expect that BRP will report full year sales of $4.37 billion for the current fiscal year, with estimates ranging from $4.32 billion to $4.48 billion. For the next financial year, analysts expect that the firm will report sales of $4.50 billion, with estimates ranging from $4.36 billion to $4.70 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for BRP.
BRP (NASDAQ:DOOO) last issued its quarterly earnings data on Thursday, May 30th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $999.74 million during the quarter, compared to analysts’ expectations of $939.22 million. BRP had a net margin of 4.38% and a negative return on equity of 80.77%.
A number of hedge funds have recently added to or reduced their stakes in the business. CIBC Asset Management Inc grew its stake in BRP by 2.4% in the 2nd quarter. CIBC Asset Management Inc now owns 24,909 shares of the company’s stock worth $890,000 after buying an additional 579 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in BRP by 21.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,393 shares of the company’s stock worth $94,000 after buying an additional 609 shares in the last quarter. Wells Fargo & Company MN grew its stake in BRP by 81.1% in the 2nd quarter. Wells Fargo & Company MN now owns 2,408 shares of the company’s stock worth $86,000 after buying an additional 1,078 shares in the last quarter. Swiss National Bank grew its stake in BRP by 2.7% in the 2nd quarter. Swiss National Bank now owns 80,500 shares of the company’s stock worth $2,877,000 after buying an additional 2,100 shares in the last quarter. Finally, Highstreet Asset Management Inc. grew its stake in BRP by 3.4% in the 1st quarter. Highstreet Asset Management Inc. now owns 71,617 shares of the company’s stock worth $1,987,000 after buying an additional 2,368 shares in the last quarter. 30.59% of the stock is owned by institutional investors and hedge funds.
NASDAQ:DOOO traded up $0.56 during mid-day trading on Friday, hitting $32.27. 12,377 shares of the stock traded hands, compared to its average volume of 27,339. The firm’s 50-day moving average is $35.21. The company has a market cap of $2.90 billion and a P/E ratio of 13.56. BRP has a 12-month low of $23.90 and a 12-month high of $55.41.
BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersport vehicles and marine products worldwide. It operates through two segments, Powersports and Marine. The company offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircraft.
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