Northcoast Research Equities Analysts Reduce Earnings Estimates for BRP Inc (NASDAQ:DOOO)

BRP Inc (NASDAQ:DOOO) – Northcoast Research dropped their FY2020 earnings estimates for BRP in a report released on Thursday, December 5th. Northcoast Research analyst B. Rolle now expects that the company will earn $2.85 per share for the year, down from their previous estimate of $2.88. Northcoast Research currently has a “Buy” rating on the stock. Northcoast Research also issued estimates for BRP’s Q4 2020 earnings at $0.79 EPS and FY2021 earnings at $3.26 EPS.

BRP (NASDAQ:DOOO) last issued its earnings results on Wednesday, November 27th. The company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.19. BRP had a negative return on equity of 73.58% and a net margin of 5.66%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.14 billion.

Several other analysts have also weighed in on DOOO. Zacks Investment Research lowered shares of BRP from a “strong-buy” rating to a “hold” rating and set a $51.00 price objective for the company. in a research note on Thursday, October 31st. Desjardins set a $66.00 price target on shares of BRP and gave the stock a “buy” rating in a report on Friday, August 30th. TD Securities upgraded shares of BRP from a “hold” rating to a “buy” rating in a report on Friday, August 30th. Finally, ValuEngine downgraded shares of BRP from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $49.69.

BRP stock opened at $48.35 on Friday. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 1.17 and a beta of 2.06. BRP has a 52-week low of $23.90 and a 52-week high of $51.46. The stock’s 50 day moving average price is $45.75 and its two-hundred day moving average price is $37.43.

A number of large investors have recently made changes to their positions in DOOO. Usca Ria LLC bought a new stake in shares of BRP during the third quarter valued at approximately $39,000. Wells Fargo & Company MN grew its position in BRP by 81.1% in the 2nd quarter. Wells Fargo & Company MN now owns 2,408 shares of the company’s stock valued at $86,000 after purchasing an additional 1,078 shares during the period. Tower Research Capital LLC TRC grew its position in BRP by 944.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,949 shares of the company’s stock valued at $142,000 after purchasing an additional 3,571 shares during the period. Signition LP increased its stake in BRP by 11.1% during the 3rd quarter. Signition LP now owns 7,000 shares of the company’s stock valued at $273,000 after purchasing an additional 700 shares in the last quarter. Finally, CLARET ASSET MANAGEMENT Corp increased its stake in BRP by 45.7% during the 3rd quarter. CLARET ASSET MANAGEMENT Corp now owns 11,039 shares of the company’s stock valued at $430,000 after purchasing an additional 3,463 shares in the last quarter. Institutional investors and hedge funds own 24.28% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be paid a dividend of $0.076 per share. This is an increase from BRP’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Thursday, December 26th. BRP’s dividend payout ratio is 12.61%.

About BRP

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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