BRP Inc. (TSE:DOO) Declares $0.25 Quarterly Dividend

BRP Inc. (TSE:DOO) declared a quarterly dividend on Friday, April 10th, TickerTech Dividends reports. Investors of record on Friday, April 24th will be paid a dividend of 0.25 per share on Friday, April 24th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, April 10th.

BRP Stock Performance

Shares of DOO stock opened at C$100.77 on Wednesday. BRP has a one year low of C$43.88 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 company has a 50 day moving average price of C$99.19 and a 200 day moving average price of C$97.23. The firm has a market capitalization of C$7.37 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 2.05 and a beta of 0.94.

BRP (TSE:DOO) last issued its quarterly earnings results on Thursday, March 26th. The company reported C$2.21 EPS for the quarter. BRP had a net margin of 3.45% and a return on equity of 54.95%. The firm had revenue of C$2.46 billion during the quarter. Sell-side analysts anticipate that BRP will post 6.890971 EPS for the current year.

Analyst Upgrades and Downgrades

DOO has been the topic of a number of research analyst reports. Desjardins lifted their target price on BRP from C$130.00 to C$138.00 and gave the company a “buy” rating in a report on Friday, March 27th. BMO Capital Markets lifted their target price on BRP from C$115.00 to C$120.00 and gave the company an “outperform” rating in a report on Friday, March 27th. Citigroup reduced their target price on BRP from C$128.00 to C$119.00 in a report on Monday, March 30th. Ci Capital reduced their target price on BRP from C$128.00 to C$119.00 and set a “buy” rating on the stock in a report on Friday, March 27th. Finally, Royal Bank Of Canada reduced their target price on BRP from C$131.00 to C$124.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$115.14.

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).