BRP Inc (NASDAQ:DOOO) Expected to Announce Quarterly Sales of $1.14 Billion

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Equities analysts predict that BRP Inc (NASDAQ:DOOO) will report sales of $1.14 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for BRP’s earnings. The lowest sales estimate is $1.13 billion and the highest is $1.15 billion. BRP reported sales of $1.13 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.9%. The company is expected to announce its next quarterly earnings report on Friday, March 27th.

On average, analysts expect that BRP will report full-year sales of $4.45 billion for the current year, with estimates ranging from $4.42 billion to $4.49 billion. For the next financial year, analysts forecast that the firm will post sales of $4.75 billion, with estimates ranging from $4.67 billion to $4.81 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for BRP.

BRP (NASDAQ:DOOO) last released its quarterly earnings data on Wednesday, November 27th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.14 billion. BRP had a net margin of 5.66% and a negative return on equity of 73.58%.

DOOO has been the topic of a number of research analyst reports. ValuEngine downgraded BRP from a “hold” rating to a “sell” rating in a report on Wednesday, November 13th. Zacks Investment Research cut BRP from a “strong-buy” rating to a “hold” rating and set a $51.00 price objective for the company. in a report on Thursday, October 31st. Desjardins set a $66.00 price objective on BRP and gave the stock a “buy” rating in a research report on Friday, August 30th. TD Securities raised BRP from a “hold” rating to a “buy” rating in a research note on Friday, August 30th. Finally, Northcoast Research restated a “buy” rating on shares of BRP in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $49.69.

Shares of NASDAQ DOOO traded down $0.25 during trading hours on Monday, hitting $48.10. The company’s stock had a trading volume of 34,584 shares, compared to its average volume of 36,344. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 1.17 and a beta of 2.06. BRP has a 12 month low of $23.90 and a 12 month high of $51.46. The business has a 50-day simple moving average of $45.90 and a 200-day simple moving average of $37.53.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be given a $0.076 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.63%. This is a boost from BRP’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, December 26th. BRP’s dividend payout ratio (DPR) is currently 12.61%.

Institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC raised its stake in BRP by 700.7% in the first quarter. FMR LLC now owns 655,115 shares of the company’s stock worth $18,178,000 after buying an additional 573,296 shares in the last quarter. AGF Investments Inc. lifted its stake in shares of BRP by 29.1% in the 2nd quarter. AGF Investments Inc. now owns 356,581 shares of the company’s stock valued at $12,743,000 after purchasing an additional 80,455 shares during the period. Swiss National Bank boosted its position in shares of BRP by 2.7% during the second quarter. Swiss National Bank now owns 80,500 shares of the company’s stock valued at $2,877,000 after purchasing an additional 2,100 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of BRP by 2.4% during the second quarter. CIBC Asset Management Inc now owns 24,909 shares of the company’s stock valued at $890,000 after purchasing an additional 579 shares in the last quarter. Finally, Seizert Capital Partners LLC bought a new stake in shares of BRP during the second quarter valued at approximately $1,923,000. 24.28% of the stock is currently owned by hedge funds and other institutional investors.

BRP Company Profile

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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Earnings History and Estimates for BRP (NASDAQ:DOOO)

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