BRP (NASDAQ:DOOO – Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. BRP had a net margin of 2.29% and a return on equity of 61.20%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.78 billion.

Several other research firms also recently weighed in on DOOO. Wall Street Zen upgraded shares of BRP from a “hold” rating to a “buy” rating in a report on Friday. Baird R W downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Stifel Canada upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 29th. UBS Group dropped their target price on shares of BRP from $45.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, April 23rd. Finally, TD Securities upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Friday. Eight equities research analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $53.75.

View Our Latest Research Report on DOOO

NASDAQ:DOOO opened at $44.54 on Monday. The company has a current ratio of 1.37, a quick ratio of 0.57 and a debt-to-equity ratio of 5.19. The firm has a 50-day moving average price of $35.64 and a two-hundred day moving average price of $42.79. BRP has a twelve month low of $31.78 and a twelve month high of $74.00. The company has a market capitalization of $3.25 billion, a P/E ratio of 23.69 and a beta of 1.17.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.1557 per share. The ex-dividend date of this dividend is Monday, June 30th. This is an increase from BRP’s previous quarterly dividend of $0.15. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.40%. BRP’s payout ratio is -143.90%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC grew its holdings in shares of BRP by 259.3% during the fourth quarter. Quadrant Capital Group LLC now owns 679 shares of the company’s stock worth $35,000 after buying an additional 490 shares in the last quarter. Signaturefd LLC raised its stake in BRP by 296.1% during the fourth quarter. Signaturefd LLC now owns 1,208 shares of the company’s stock worth $61,000 after purchasing an additional 903 shares during the period. Dnca Finance boosted its holdings in shares of BRP by 36.1% in the 4th quarter. Dnca Finance now owns 1,390 shares of the company’s stock valued at $71,000 after purchasing an additional 369 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of BRP during the 4th quarter valued at $77,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of BRP during the 1st quarter valued at $70,000.

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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 Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.

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