Equities Analysts Offer Predictions for BRP Inc’s Q4 2019 Earnings (DOO)
BRP Inc (TSE:DOO) – Analysts at National Bank Financial issued their Q4 2019 earnings estimates for shares of BRP in a research report issued on Thursday, January 31st. National Bank Financial analyst C. Doerksen anticipates that the company will post earnings per share of $0.84 for the quarter. National Bank Financial has a “Outperform” rating and a $48.00 price target on the stock. National Bank Financial also issued estimates for BRP’s FY2020 earnings at $3.43 EPS.
Other analysts have also issued reports about the stock. UBS Group cut their price target on shares of BRP from C$80.00 to C$73.00 in a research note on Wednesday, December 19th. BMO Capital Markets lowered their price objective on BRP from C$76.00 to C$65.00 in a research report on Monday, December 3rd. CIBC lowered their price objective on BRP from C$79.00 to C$63.00 in a research report on Monday, December 3rd. Desjardins lowered their price objective on BRP from C$78.00 to C$74.00 in a research report on Monday, December 3rd. Finally, Royal Bank of Canada raised BRP from a “sector perform” rating to an “outperform” rating and set a C$70.00 price objective for the company in a research report on Tuesday, October 9th. Five investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of C$65.43.
BRP (TSE:DOO) last issued its quarterly earnings data on Friday, November 30th. The company reported C$1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.97 by C$0.07. The company had revenue of C$1.39 billion during the quarter, compared to analysts’ expectations of C$1.30 billion.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 11th. Stockholders of record on Friday, December 28th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Thursday, December 27th. BRP’s dividend payout ratio is presently 14.15%.
BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and propulsion systems worldwide. The company offers all-terrain, side-by-side, and spyder vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircrafts.
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