Wall Street analysts expect BRP Inc. (NASDAQ:DOOO – Get Rating) to post $1.45 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for BRP’s earnings, with the highest sales estimate coming in at $1.48 billion and the lowest estimate coming in at $1.44 billion. BRP posted sales of $1.43 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.4%. The company is scheduled to report its next earnings report on Monday, January 1st.
On average, analysts expect that BRP will report full year sales of $7.62 billion for the current year, with estimates ranging from $7.51 billion to $7.83 billion. For the next year, analysts forecast that the firm will post sales of $8.26 billion, with estimates ranging from $7.77 billion to $8.68 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow BRP.
BRP (NASDAQ:DOOO – Get Rating) last announced its quarterly earnings data on Friday, March 25th. The company reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $1.03. BRP had a net margin of 10.39% and a negative return on equity of 326.52%. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter last year, the business posted $1.40 EPS. The firm’s revenue for the quarter was up 29.3% on a year-over-year basis.
A number of research analysts have commented on DOOO shares. Scotiabank raised their target price on shares of BRP from C$125.00 to C$133.00 in a research report on Monday, March 28th. Robert W. Baird started coverage on shares of BRP in a research report on Monday, March 28th. They set a “buy” rating and a $104.00 target price on the stock. TD Securities raised their target price on shares of BRP from C$115.00 to C$125.00 in a research report on Monday, March 28th. National Bank Financial raised their target price on shares of BRP from C$124.00 to C$136.00 in a research report on Monday, March 28th. Finally, Zacks Investment Research raised shares of BRP from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research report on Monday, March 7th. Sixteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $131.81.
A number of large investors have recently added to or reduced their stakes in DOOO. FMR LLC grew its position in BRP by 700.7% during the 1st quarter. FMR LLC now owns 655,115 shares of the company’s stock worth $18,178,000 after purchasing an additional 573,296 shares during the last quarter. Morgan Stanley lifted its stake in BRP by 40.6% during the 2nd quarter. Morgan Stanley now owns 547,463 shares of the company’s stock valued at $42,900,000 after acquiring an additional 157,974 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in BRP by 8,515.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 78,224 shares of the company’s stock valued at $7,388,000 after acquiring an additional 77,316 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in BRP by 4.9% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,250 shares of the company’s stock valued at $393,000 after acquiring an additional 200 shares during the period. Finally, Cerity Partners LLC acquired a new stake in BRP during the 3rd quarter valued at approximately $232,000. 53.84% of the stock is currently owned by institutional investors.
NASDAQ DOOO opened at $83.36 on Friday. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 11.28 and a beta of 2.71. The company’s 50-day simple moving average is $74.54 and its two-hundred day simple moving average is $82.34. BRP has a one year low of $57.38 and a one year high of $102.96.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 18th. Shareholders of record on Monday, April 4th will be given a dividend of $0.126 per share. This represents a $0.50 annualized dividend and a yield of 0.60%. The ex-dividend date is Friday, April 1st. This is an increase from BRP’s previous quarterly dividend of $0.10. BRP’s payout ratio is currently 6.90%.
BRP Company Profile
BRP, Inc is a holding company, which engages in the design, development, manufacture, distribution, and marketing of power sports vehicles and marine products. The firm operates through the Powersports and Marine segments. The Powersports segment includes Year-Round Products, Seasonal Products and Powersports PA&A and OEM Engines.