BRP Inc. (DOO) To Go Ex-Dividend on April 10th

BRP Inc. (NASDAQ:DOO) announced a quarterly dividend on Wednesday, March 25th. Stockholders of record on Friday, April 10th will be given a dividend of 0.25 per share on Friday, April 24th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, April 10th. This is a 257.1% increase from BRP’s previous quarterly dividend of $0.07.

BRP Price Performance

Shares of DOO opened at $67.24 on Friday. BRP has a 1-year low of $31.78 and a 1-year high of $81.89. The firm’s 50-day moving average is $73.67. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 181.73 and a beta of 1.22. The company has a quick ratio of 0.49, a current ratio of 1.23 and a debt-to-equity ratio of 4.31.

BRP (NASDAQ:DOO) last issued its earnings results on Thursday, March 26th. The company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.18. BRP had a net margin of 0.45% and a return on equity of 67.30%. BRP’s quarterly revenue was up 16.0% on a year-over-year basis.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wells Fargo & Company started coverage on BRP in a report on Wednesday, March 11th. They issued an “overweight” rating for the company. UBS Group raised their price objective on BRP from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, January 9th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BRP in a research report on Monday. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, BRP has an average rating of “Hold” and a consensus price target 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.