BRP (NASDAQ:DOO) Issues Earnings Results

BRP (NASDAQ:DOO) posted its quarterly earnings data on Thursday. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.18, Briefing.com reports. BRP had a return on equity of 67.30% and a net margin of 0.45%.The firm’s quarterly revenue was up 16.0% compared to the same quarter last year.

BRP Stock Up 2.4%

Shares of DOO stock opened at $66.59 on Thursday. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 175.23 and a beta of 1.22. BRP has a 52-week low of $31.78 and a 52-week high of $81.89. The company has a current ratio of 1.23, a quick ratio of 0.49 and a debt-to-equity ratio of 4.31. The company’s 50 day simple moving average is $73.90.

BRP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Thursday, March 26th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, March 26th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.4%. BRP’s dividend payout ratio (DPR) is currently 170.27%.

Institutional Investors Weigh In On BRP

A number of hedge funds have recently made changes to their positions in DOO. PNC Financial Services Group Inc. acquired a new position in shares of BRP in the 4th quarter valued at $142,000. Geode Capital Management LLC acquired a new stake in BRP during the 4th quarter worth about $4,122,000. Goldman Sachs Group Inc. purchased a new stake in BRP during the 4th quarter valued at about $23,858,000. Cibc World Market Inc. purchased a new stake in BRP during the 4th quarter valued at about $1,054,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of BRP in the fourth quarter valued at about $4,653,000.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DOO. UBS Group boosted their target price on BRP from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, January 9th. Wells Fargo & Company assumed coverage on shares of BRP in a research note on Wednesday, March 11th. They set an “overweight” rating for the company. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of BRP in a research report on Monday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $75.00.

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.