BRP Inc., together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The company operates through two segments, Powersports and Marine. It offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products, such as snowmobiles and personal watercraft; and engines for jet boats, outboards, karts, motorcycles, and recreational aircraft. The company also provides parts, accessories, and apparel, as well as other services. It sells its products through a network of independent dealers and distributors, as well as to original equipment manufacturers. The company was formerly known as J.A. Bombardier (J.A.B.) Inc. and changed its name to BRP Inc. in April 2013. BRP Inc. was founded in 1937 and is headquartered in Valcourt, Canada.
Analyst Ratings Changes
DOOO has been the topic of a number of recent analyst reports. Scotiabank lowered their price target on BRP from C$133.00 to C$126.00 in a research report on Monday, June 6th. Desjardins restated a "buy" rating on shares of BRP in a report on Monday, June 6th. Stifel Nicolaus reduced their price objective on BRP from C$150.00 to C$145.00 in a report on Monday, June 6th. Royal Bank of Canada reduced their price objective on BRP from C$128.00 to C$111.00 in a report on Monday, June 6th. Finally, Northcoast Research cut BRP from a "buy" rating to a "neutral" rating in a report on Tuesday, May 17th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $132.15.
BRP Price Performance
DOOO traded up $0.42 during trading on Tuesday, hitting $80.99. 41,414 shares of the stock traded hands, compared to its average volume of 103,879. BRP has a twelve month low of $57.38 and a twelve month high of $102.96. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 12.77 and a beta of 2.54. The business has a 50 day moving average price of $68.38 and a 200 day moving average price of $73.42.
BRP (NASDAQ:DOOO - Get Rating) last announced its quarterly earnings data on Friday, June 3rd. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $0.84 by $0.47. BRP had a net margin of 8.79% and a negative return on equity of 305.74%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the business earned $2.00 earnings per share. The company's revenue was up .0% on a year-over-year basis. On average, equities research analysts predict that BRP will post 8.89 earnings per share for the current year.
BRP Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 14th. Shareholders of record on Thursday, June 30th were given a dividend of $0.124 per share. The ex-dividend date was Wednesday, June 29th. This represents a $0.50 annualized dividend and a yield of 0.61%. BRP's dividend payout ratio is currently 8.04%.