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.
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%.
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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