Equities research analysts expect that BRP Inc (NASDAQ:DOOO) will announce $1.14 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for BRP’s earnings, with the lowest sales estimate coming in at $1.11 billion and the highest estimate coming in at $1.18 billion. BRP reported sales of $1.07 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 6.5%. The company is expected to issue its next earnings results on Friday, November 29th.
On average, analysts expect that BRP will report full year sales of $4.40 billion for the current fiscal year, with estimates ranging from $4.38 billion to $4.42 billion. For the next year, analysts forecast that the company will report sales of $4.61 billion, with estimates ranging from $4.47 billion to $4.70 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow BRP.
BRP (NASDAQ:DOOO) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.06. BRP had a net margin of 5.11% and a negative return on equity of 73.27%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.01 billion.
DOOO has been the subject of several recent analyst reports. TD Securities upgraded shares of BRP from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. Desjardins set a $66.00 target price on shares of BRP and gave the company a “buy” rating in a research note on Friday, August 30th. Northcoast Research reiterated a “buy” rating on shares of BRP in a research note on Friday, October 11th. Finally, Zacks Investment Research downgraded shares of BRP from a “strong-buy” rating to a “hold” rating and set a $51.00 target price for the company. in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $49.69.
BRP stock opened at $45.67 on Friday. The firm has a 50-day moving average of $41.26 and a 200-day moving average of $35.20. BRP has a one year low of $23.90 and a one year high of $46.27. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 1.07 and a beta of 2.03.
The company also recently announced a — dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a $0.0752 dividend. The ex-dividend date was Thursday, September 26th. This represents a yield of 0.8%. BRP’s dividend payout ratio (DPR) is currently 12.61%.
A number of large investors have recently modified their holdings of the stock. Usca Ria LLC bought a new position in BRP in the 3rd quarter valued at about $39,000. Wells Fargo & Company MN raised its holdings in BRP by 81.1% in the 2nd quarter. Wells Fargo & Company MN now owns 2,408 shares of the company’s stock valued at $86,000 after acquiring an additional 1,078 shares during the period. Tower Research Capital LLC TRC raised its holdings in BRP by 944.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,949 shares of the company’s stock valued at $142,000 after acquiring an additional 3,571 shares during the period. Annex Advisory Services LLC bought a new position in BRP in the 2nd quarter valued at about $208,000. Finally, Signition LP raised its holdings in BRP by 11.1% in the 3rd quarter. Signition LP now owns 7,000 shares of the company’s stock valued at $273,000 after acquiring an additional 700 shares during the period. Institutional investors and hedge funds own 27.61% of the company’s stock.
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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