BRP (TSE:DOO) Releases Earnings Results

BRP (TSE:DOO) issued its earnings results on Thursday. The company reported C$1.83 EPS for the quarter, FiscalAI reports. The firm had revenue of C$2.39 billion during the quarter. BRP had a net margin of 3.45% and a return on equity of 54.95%.

BRP Price Performance

Shares of TSE:DOO opened at C$80.93 on Friday. The company has a 50-day simple moving average of C$84.75 and a 200-day simple moving average of C$94.93. BRP has a one year low of C$53.60 and a one year high of C$112.26. The company has a debt-to-equity ratio of 443.59, a quick ratio of 0.20 and a current ratio of 1.27. The stock has a market capitalization of C$5.97 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 2.05 and a beta of 1.03.

BRP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 24th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, April 10th. BRP’s dividend payout ratio is presently 21.77%.

Analyst Ratings Changes

DOO has been the subject of a number of analyst reports. Raymond James Financial downgraded shares of BRP from a “strong-buy” rating to a “market perform” rating in a research note on Friday, April 24th. Citigroup lowered their target price on shares of BRP from C$119.00 to C$102.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Canadian Imperial Bank of Commerce lowered their target price on shares of BRP from C$118.00 to C$90.00 and set an “outperformer” rating for the company in a research note on Thursday, May 21st. National Bank Financial downgraded shares of BRP from an “outperform” rating to a “hold” rating and lowered their target price for the stock from C$125.00 to C$80.00 in a research note on Wednesday, April 15th. Finally, Scotia lowered their target price on shares of BRP from C$117.00 to C$80.00 and set a “sector perform” rating for the company in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$103.33.

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).