BRP (NASDAQ:DOOO) Posts Earnings Results

BRP (NASDAQ:DOOO) posted its quarterly earnings results on Thursday. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.06, Morningstar.com reports. BRP had a net margin of 4.38% and a negative return on equity of 80.77%. BRP updated its FY 2020 guidance to $2.74-2.85 EPS.

Shares of BRP stock opened at $34.79 on Friday. The firm has a fifty day moving average price of $33.13 and a 200 day moving average price of $31.21. BRP has a 1 year low of $23.90 and a 1 year high of $55.41. The stock has a market cap of $2.64 billion and a PE ratio of 14.62.

Institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of BRP by 21.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,393 shares of the company’s stock worth $94,000 after purchasing an additional 609 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of BRP during the first quarter worth $391,000. Highstreet Asset Management Inc. raised its holdings in shares of BRP by 3.4% during the first quarter. Highstreet Asset Management Inc. now owns 71,617 shares of the company’s stock worth $1,987,000 after purchasing an additional 2,368 shares during the last quarter. Annex Advisory Services LLC purchased a new position in shares of BRP during the second quarter worth $208,000. Finally, Norges Bank purchased a new position in shares of BRP during the fourth quarter worth $10,383,000. 30.37% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have issued reports on DOOO. Zacks Investment Research raised shares of BRP from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Tuesday, July 30th. TD Securities raised shares of BRP from a “hold” rating to a “buy” rating in a report on Friday. Finally, ValuEngine raised shares of BRP from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $35.53.

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 for BRP (NASDAQ:DOOO)

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