BRP Inc (NASDAQ:DOOO) – Analysts at National Bank Financial reduced their FY2020 earnings per share (EPS) estimates for BRP in a report released on Tuesday, May 21st, Zacks Investment Research reports. National Bank Financial analyst C. Doerksen now forecasts that the company will earn $2.58 per share for the year, down from their prior forecast of $2.61. National Bank Financial also issued estimates for BRP’s FY2021 earnings at $2.40 EPS.
BRP (NASDAQ:DOOO) last issued its quarterly earnings data on Thursday, May 30th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The company had revenue of $999.74 million for 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%.
DOOO has been the topic of several other research reports. Zacks Investment Research lowered shares of BRP from a “hold” rating to a “sell” rating in a report on Thursday, February 14th. Goldman Sachs Group began coverage on shares of BRP in a report on Wednesday, April 24th. They issued a “neutral” rating and a $32.06 target price on the stock. Finally, Wells Fargo & Co upgraded shares of BRP from a “market perform” rating to an “outperform” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $32.06.
DOOO stock traded up $0.48 during midday trading on Thursday, hitting $31.72. The stock had a trading volume of 26,945 shares, compared to its average volume of 20,031. The firm has a market cap of $3.02 billion and a price-to-earnings ratio of 13.33. BRP has a 1-year low of $23.90 and a 1-year high of $55.41.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.074 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.93%. BRP’s dividend payout ratio is currently 12.61%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN raised its holdings in shares of BRP by 303.0% during the first quarter. Wells Fargo & Company MN now owns 1,330 shares of the company’s stock valued at $37,000 after purchasing an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of BRP by 31.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,784 shares of the company’s stock valued at $72,000 after purchasing an additional 660 shares during the period. CLARET ASSET MANAGEMENT Corp acquired a new position in shares of BRP during the first quarter valued at about $202,000. Intact Investment Management Inc. acquired a new position in shares of BRP during the first quarter valued at about $241,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of BRP during the third quarter valued at about $300,000. Hedge funds and other institutional investors own 28.71% of the company’s stock.
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.