BRP (TSE:DOO) Releases Quarterly Earnings Results

BRP (TSE:DOO) issued its quarterly earnings results on Thursday. The company reported C$2.21 EPS for the quarter, FiscalAI reports. BRP had a net margin of 0.30% and a return on equity of 5.55%. The company had revenue of C$2.46 billion for the quarter.

BRP Price Performance

DOO stock opened at C$93.08 on Friday. The company has a quick ratio of 0.20, a current ratio of 1.23 and a debt-to-equity ratio of 489.75. The firm has a market cap of C$6.83 billion, a price-to-earnings ratio of 282.06, a PEG ratio of 2.05 and a beta of 1.15. The company’s fifty day simple moving average is C$100.73 and its 200 day simple moving average is C$96.55. BRP has a 12-month low of C$43.88 and a 12-month high of C$112.26.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DOO. Citigroup increased their price objective on BRP from C$122.00 to C$128.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Canadian Imperial Bank of Commerce lifted their target price on BRP from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. National Bank Financial raised BRP from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$105.00 to C$125.00 in a research note on Friday, December 5th. Wells Fargo & Company raised BRP to a “strong-buy” rating in a research note on Wednesday, March 11th. Finally, Royal Bank Of Canada raised their price objective on BRP from C$107.00 to C$131.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$115.55.

BRP Company Profile

BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after discontinuing the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia).