BRP (NASDAQ:DOO) Issues Quarterly Earnings Results, Beats Estimates By $0.58 EPS

BRP (NASDAQ:DOO) issued its quarterly earnings results on Thursday. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.58, Zacks reports. BRP had a return on equity of 73.67% and a net margin of 3.54%.

BRP Trading Up 1.9%

DOO stock opened at $58.03 on Thursday. BRP has a 1-year low of $35.90 and a 1-year high of $81.89. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 19.94 and a beta of 0.90. The firm has a 50 day moving average of $61.64. The company has a debt-to-equity ratio of 3.92, a quick ratio of 0.56 and a current ratio of 1.27.

BRP Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were paid a $0.25 dividend. The ex-dividend date was Friday, April 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. This is an increase from BRP’s previous quarterly dividend of $0.07. BRP’s dividend payout ratio is currently 24.74%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DOO. Quarry LP acquired a new position in BRP during the fourth quarter worth $30,000. Quadrant Capital Group LLC acquired a new position in BRP during the fourth quarter worth $89,000. PNC Financial Services Group Inc. acquired a new position in BRP during the fourth quarter worth $142,000. Wells Fargo & Company MN acquired a new position in BRP during the fourth quarter worth $227,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in BRP during the fourth quarter worth $250,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DOO shares. UBS Group restated a “neutral” rating on shares of BRP in a research note on Friday, April 24th. National Bank Financial downgraded shares of BRP from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, April 15th. Zacks Research downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen downgraded shares of BRP from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. Finally, Raymond James Financial downgraded shares of BRP from a “strong-buy” rating to a “market perform” rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $85.67.

BRP Company Profile

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three?wheel on?road vehicles.