Brokerages Expect BRP Inc. (NASDAQ:DOOO) Will Post Earnings of $1.00 Per Share

Equities research analysts expect that BRP Inc. (NASDAQ:DOOO) will announce $1.00 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for BRP’s earnings. The highest EPS estimate is $1.11 and the lowest is $0.86. BRP posted earnings of $0.20 per share during the same quarter last year, which indicates a positive year over year growth rate of 400%. The business is expected to report its next quarterly earnings results on Thursday, May 27th.

According to Zacks, analysts expect that BRP will report full year earnings of $5.97 per share for the current financial year, with EPS estimates ranging from $5.78 to $6.22. For the next year, analysts anticipate that the firm will post earnings of $6.41 per share, with EPS estimates ranging from $6.22 to $6.57. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow BRP.

BRP (NASDAQ:DOOO) last issued its earnings results on Wednesday, March 24th. The company reported $1.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.13. BRP had a negative return on equity of 67.06% and a net margin of 3.78%.

DOOO has been the topic of several recent research reports. Canaccord Genuity raised their price objective on BRP from $105.00 to $120.00 and gave the company a “buy” rating in a report on Friday, March 26th. Robert W. Baird reissued a “buy” rating and set a $85.00 price objective on shares of BRP in a report on Friday, March 19th. BMO Capital Markets raised their price objective on BRP from $74.00 to $98.00 and gave the company a “market perform” rating in a report on Friday, March 26th. Stifel Nicolaus downgraded BRP from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Desjardins raised their price objective on BRP from $107.00 to $131.00 and gave the company a “buy” rating in a report on Monday, March 29th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $93.09.

Shares of DOOO stock opened at $88.00 on Friday. BRP has a fifty-two week low of $15.92 and a fifty-two week high of $90.72. The company has a market cap of $7.74 billion, a PE ratio of 48.72 and a beta of 3.04. The stock’s fifty day moving average price is $77.69 and its two-hundred day moving average price is $65.09.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 19th. Stockholders of record on Monday, April 5th will be given a $0.1031 dividend. The ex-dividend date of this dividend is Thursday, April 1st. This is a positive change from BRP’s previous quarterly dividend of $0.08. This represents a $0.41 annualized dividend and a dividend yield of 0.47%. BRP’s dividend payout ratio (DPR) is 12.15%.

Several hedge funds have recently bought and sold shares of DOOO. Lazard Asset Management LLC bought a new position in shares of BRP in the 4th quarter worth about $35,000. Tacita Capital Inc bought a new position in shares of BRP in the 4th quarter worth about $69,000. JPMorgan Chase & Co. bought a new stake in BRP in the 3rd quarter valued at about $113,000. Great West Life Assurance Co. Can increased its position in BRP by 10.2% in the 3rd quarter. Great West Life Assurance Co. Can now owns 5,937 shares of the company’s stock valued at $307,000 after buying an additional 549 shares in the last quarter. Finally, Exane Derivatives bought a new stake in BRP in the 4th quarter valued at about $390,000. 30.52% of the stock is owned by hedge funds and other institutional investors.

About BRP

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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Earnings History and Estimates for BRP (NASDAQ:DOOO)

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