BRP Inc. Announces Quarterly Dividend of $0.15 (NASDAQ:DOOO)

BRP Inc. (NASDAQ:DOOO) announced a quarterly dividend on Thursday, September 5th, Zacks reports. Stockholders of record on Friday, September 27th will be paid a dividend of 0.152 per share on Friday, October 11th. This represents a $0.61 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, September 27th.

BRP has increased its dividend by an average of 87.0% annually over the last three years. BRP has a dividend payout ratio of 9.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BRP to earn $6.03 per share next year, which means the company should continue to be able to cover its $0.62 annual dividend with an expected future payout ratio of 10.3%.

BRP Trading Down 4.8 %

NASDAQ:DOOO opened at $62.91 on Friday. The firm has a 50-day moving average price of $68.18 and a two-hundred day moving average price of $67.02. The company has a debt-to-equity ratio of 4.23, a quick ratio of 0.46 and a current ratio of 1.35. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 11.38 and a beta of 2.07. BRP has a 52 week low of $57.15 and a 52 week high of $79.84.

BRP (NASDAQ:DOOO) last announced its earnings results on Friday, September 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.23. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. BRP had a return on equity of 101.72% and a net margin of 5.87%. On average, equities analysts expect that BRP will post 4.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on DOOO shares. CIBC reduced their target price on shares of BRP from $110.00 to $100.00 and set an “outperformer” rating on the stock in a research report on Monday, June 3rd. Stifel Nicolaus cut shares of BRP from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. National Bank Financial lowered shares of BRP from an “outperform” rating to a “sector perform” rating in a report on Wednesday, August 21st. Finally, Citigroup boosted their price target on BRP from $73.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $122.75.

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.