$0.90 Earnings Per Share Expected for BRP Inc (NASDAQ:DOOO) This Quarter
Brokerages predict that BRP Inc (NASDAQ:DOOO) will post $0.90 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for BRP’s earnings, with the highest EPS estimate coming in at $0.95 and the lowest estimate coming in at $0.82. BRP posted earnings of $0.66 per share during the same quarter last year, which would indicate a positive year over year growth rate of 36.4%. The firm is scheduled to issue its next quarterly earnings results on Friday, March 27th.
On average, analysts expect that BRP will report full-year earnings of $2.84 per share for the current financial year, with EPS estimates ranging from $2.79 to $2.88. For the next year, analysts forecast that the company will post earnings of $3.15 per share, with EPS estimates ranging from $3.06 to $3.30. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for BRP.
BRP (NASDAQ:DOOO) last announced its quarterly earnings results on Wednesday, November 27th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.19. BRP had a net margin of 5.66% and a negative return on equity of 73.58%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.14 billion.
A number of hedge funds and other institutional investors have recently modified their holdings of DOOO. Usca Ria LLC purchased a new stake in BRP in the third quarter worth about $39,000. Wells Fargo & Company MN increased its stake in shares of BRP by 81.1% during the second quarter. Wells Fargo & Company MN now owns 2,408 shares of the company’s stock valued at $86,000 after purchasing an additional 1,078 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of BRP by 944.7% during the second quarter. Tower Research Capital LLC TRC now owns 3,949 shares of the company’s stock valued at $142,000 after purchasing an additional 3,571 shares in the last quarter. Signition LP increased its stake in shares of BRP by 11.1% during the third quarter. Signition LP now owns 7,000 shares of the company’s stock valued at $273,000 after purchasing an additional 700 shares in the last quarter. Finally, CLARET ASSET MANAGEMENT Corp lifted its holdings in shares of BRP by 45.7% during the third quarter. CLARET ASSET MANAGEMENT Corp now owns 11,039 shares of the company’s stock valued at $430,000 after purchasing an additional 3,463 shares during the last quarter. 24.28% of the stock is owned by institutional investors.
BRP stock opened at $47.98 on Friday. The stock’s 50 day simple moving average is $45.25 and its two-hundred day simple moving average is $37.14. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 1.17 and a beta of 2.06. BRP has a fifty-two week low of $23.90 and a fifty-two week high of $51.46.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be given a dividend of $0.076 per share. This is a boost from BRP’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Thursday, December 26th. BRP’s dividend payout ratio (DPR) is 12.61%.
BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersport vehicles and marine products worldwide. It operates through two segments, Powersports and Marine. The company offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircraft.
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