BRP (DOO) Set to Announce Quarterly Earnings on Friday

BRP (TSE:DOO) is set to issue its quarterly earnings data before the market opens on Friday, September 6th. Analysts expect the company to announce earnings of C$0.30 per share for the quarter.

BRP Trading Down 1.1 %

Shares of DOO stock opened at C$93.15 on Thursday. The company has a current ratio of 1.35, a quick ratio of 0.20 and a debt-to-equity ratio of 461.35. The stock has a market cap of C$3.32 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 2.05 and a beta of 2.33. The company’s 50-day moving average price is C$92.58 and its 200-day moving average price is C$91.40. BRP has a twelve month low of C$77.42 and a twelve month high of C$109.00.

BRP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, July 12th were given a $0.21 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.84 annualized dividend and a yield of 0.90%. BRP’s payout ratio is 11.28%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Raymond James dropped their price target on shares of BRP from C$108.00 to C$100.00 in a research report on Monday, June 3rd. Scotiabank dropped their price objective on BRP from C$105.00 to C$103.00 and set a “sector perform” rating for the company in a research note on Monday, June 3rd. Stifel Nicolaus lowered BRP from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$106.00 to C$97.00 in a research note on Wednesday, August 21st. National Bank Financial downgraded BRP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada lowered their price objective on shares of BRP from C$110.00 to C$108.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$101.92.

About BRP

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.