Wall Street analysts forecast that BRP Inc (NASDAQ:DOOO) will announce sales of $1.14 billion for the current quarter, Zacks reports. Five analysts have provided estimates for BRP’s earnings, with the highest sales estimate coming in at $1.18 billion and the lowest estimate coming in at $1.11 billion. BRP posted sales of $1.07 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 6.5%. The company is expected to report its next quarterly earnings results on Friday, November 29th.
According to Zacks, analysts expect that BRP will report full-year sales of $4.40 billion for the current financial year, with estimates ranging from $4.38 billion to $4.42 billion. For the next year, analysts forecast that the firm will post sales of $4.61 billion, with estimates ranging from $4.47 billion to $4.70 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover BRP.
BRP (NASDAQ:DOOO) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.06. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.01 billion. BRP had a negative return on equity of 73.27% and a net margin of 5.11%.
Several research firms have recently weighed in on DOOO. Zacks Investment Research raised BRP from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Tuesday, July 30th. TD Securities raised BRP from a “hold” rating to a “buy” rating in a report on Friday, August 30th. Desjardins set a $66.00 price objective on BRP and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Northcoast Research reissued a “buy” rating on shares of BRP in a report on Friday, October 11th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. BRP has an average rating of “Buy” and an average price target of $45.69.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC Asset Management Inc lifted its holdings in shares of BRP by 2.4% during the second quarter. CIBC Asset Management Inc now owns 24,909 shares of the company’s stock worth $890,000 after purchasing an additional 579 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in shares of BRP by 0.3% during the second quarter. D. E. Shaw & Co. Inc. now owns 187,385 shares of the company’s stock worth $6,698,000 after purchasing an additional 608 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of BRP by 81.1% during the second quarter. Wells Fargo & Company MN now owns 2,408 shares of the company’s stock worth $86,000 after purchasing an additional 1,078 shares during the period. Swiss National Bank lifted its holdings in shares of BRP by 2.7% during the second quarter. Swiss National Bank now owns 80,500 shares of the company’s stock worth $2,877,000 after purchasing an additional 2,100 shares during the period. Finally, CLARET ASSET MANAGEMENT Corp lifted its holdings in shares of BRP by 45.7% during the third quarter. CLARET ASSET MANAGEMENT Corp now owns 11,039 shares of the company’s stock worth $430,000 after purchasing an additional 3,463 shares during the period. 27.69% of the stock is owned by hedge funds and other institutional investors.
Shares of DOOO stock traded up $0.30 during trading hours on Thursday, hitting $43.64. The stock had a trading volume of 23,165 shares, compared to its average volume of 31,885. The firm has a market capitalization of $3.94 billion and a PE ratio of 18.34. BRP has a twelve month low of $23.90 and a twelve month high of $43.89. The stock’s 50 day moving average is $38.96 and its 200 day moving average is $33.98.
The business also recently declared a — dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a dividend of $0.0752 per share. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, September 26th. BRP’s dividend payout ratio is presently 12.61%.
BRP Company Profile
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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