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.

Several research analysts have recently issued reports on DOOO shares. Zacks Investment Research lowered BRP from a “strong-buy” rating to a “hold” rating and set a $51.00 target price for the company. in a research report on Thursday, October 31st. Desjardins set a $66.00 price target on BRP and gave the company a “buy” rating in a research report on Friday, August 30th. TD Securities upgraded BRP from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. Northcoast Research reaffirmed a “buy” rating on shares of BRP in a research note on Friday, October 11th. Finally, ValuEngine downgraded BRP from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $49.69.

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%.

About BRP

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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Earnings History and Estimates for BRP (NASDAQ:DOOO)

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