BRP Inc. (NASDAQ:DOO) Plans Quarterly Dividend of C$0.07

BRP Inc. (NASDAQ:DOO) announced a quarterly dividend on Wednesday, March 25th. Shareholders of record on Thursday, March 26th will be given a dividend of 0.07 per share on Monday, March 30th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, March 26th.

BRP Trading Up 0.2%

Shares of NASDAQ:DOO opened at $65.00 on Thursday. BRP has a 12-month low of $31.78 and a 12-month high of $81.89. The company has a quick ratio of 0.49, a current ratio of 1.23 and a debt-to-equity ratio of 4.31. The company’s 50-day moving average is $73.90. The company has a market capitalization of $4.77 billion, a PE ratio of 175.68 and a beta of 1.22.

BRP (NASDAQ:DOO) last issued its earnings results on Thursday, March 26th. The company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.18. BRP had a return on equity of 67.30% and a net margin of 0.45%.The company’s revenue was up 16.0% on a year-over-year basis.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DOO shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of BRP in a research report on Monday. Wells Fargo & Company started coverage on shares of BRP in a research note on Wednesday, March 11th. They issued an “overweight” rating on the stock. Finally, UBS Group upped their price target on shares of BRP from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, January 9th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $75.00.

BRP Company Profile

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.