BRP Inc (NASDAQ:DOOO) declared a quarterly dividend on Monday, June 3rd, Wall Street Journal reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.074 per share on Friday, July 12th. This represents a $0.30 annualized dividend and a yield of 0.83%. The ex-dividend date is Thursday, June 27th.
BRP stock traded up $0.24 during trading hours on Wednesday, hitting $35.55. 14,270 shares of the company traded hands, compared to its average volume of 30,430. The company has a market cap of $3.44 billion and a price-to-earnings ratio of 14.94. The firm’s 50-day moving average price is $31.24. BRP has a 1-year low of $23.90 and a 1-year high of $55.41.
BRP (NASDAQ:DOOO) last released its earnings results on Thursday, May 30th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.02. The firm had revenue of $999.74 million for the quarter, compared to analysts’ expectations of $939.22 million. BRP had a net margin of 4.38% and a negative return on equity of 80.77%. As a group, analysts anticipate that BRP will post 2.71 EPS for the current fiscal year.
DOOO has been the topic of several recent research reports. Zacks Investment Research raised shares of BRP from a “sell” rating to a “hold” rating in a research note on Wednesday, February 27th. Wells Fargo & Co raised shares of BRP from a “market perform” rating to an “outperform” rating in a research note on Monday, April 8th. Goldman Sachs Group initiated coverage on shares of BRP in a research note on Wednesday, April 24th. They issued a “neutral” rating and a $32.06 price objective on the stock. Finally, ValuEngine raised shares of BRP from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $32.06.
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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