Brokerages predict that BRP Inc. (NASDAQ:DOOO – Get Rating) will post $1.45 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for BRP’s earnings. The lowest sales estimate is $1.44 billion and the highest is $1.48 billion. BRP posted sales of $1.43 billion during the same quarter last year, which would indicate a positive year over year growth rate of 1.4%. The company is expected to issue its next quarterly earnings report before the market opens on Monday, January 1st.
On average, analysts expect that BRP will report full-year sales of $7.62 billion for the current financial year, with estimates ranging from $7.51 billion to $7.83 billion. For the next financial year, analysts expect that the business will report sales of $8.26 billion, with estimates ranging from $7.77 billion to $8.68 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover BRP.
BRP (NASDAQ:DOOO – Get Rating) last announced its earnings results on Friday, March 25th. The company reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.39. The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.30 billion. BRP had a net margin of 10.39% and a negative return on equity of 326.52%. The firm’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same quarter last year, the company posted $1.40 EPS.
Shares of BRP stock opened at $68.90 on Friday. The stock has a market capitalization of $5.58 billion, a P/E ratio of 9.32 and a beta of 2.53. The company has a 50-day simple moving average of $78.26 and a 200 day simple moving average of $79.61. BRP has a 12-month low of $57.38 and a 12-month high of $102.96.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 18th. Stockholders of record on Monday, April 4th were given a $0.126 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Friday, April 1st. This is a boost from BRP’s previous quarterly dividend of $0.10. BRP’s payout ratio is presently 6.90%.
Institutional investors have recently made changes to their positions in the company. CIBC Asset Management Inc boosted its position in shares of BRP by 6.8% in the fourth quarter. CIBC Asset Management Inc now owns 32,930 shares of the company’s stock valued at $2,882,000 after acquiring an additional 2,096 shares during the period. Addenda Capital Inc. raised its stake in BRP by 11.9% in the fourth quarter. Addenda Capital Inc. now owns 5,858 shares of the company’s stock valued at $650,000 after purchasing an additional 625 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in BRP by 5.8% in the third quarter. UBS Asset Management Americas Inc. now owns 44,452 shares of the company’s stock valued at $4,114,000 after purchasing an additional 2,430 shares in the last quarter. Shell Asset Management Co. raised its stake in BRP by 4.7% in the fourth quarter. Shell Asset Management Co. now owns 4,412 shares of the company’s stock valued at $387,000 after purchasing an additional 200 shares in the last quarter. Finally, TD Asset Management Inc. raised its stake in BRP by 9.0% during the fourth quarter. TD Asset Management Inc. now owns 225,615 shares of the company’s stock worth $19,790,000 after acquiring an additional 18,658 shares in the last quarter. 54.38% of the stock is owned by institutional investors.
BRP Company Profile (Get Rating)
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 company operates through two segments, Powersports and Marine. It offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products, such as snowmobiles and personal watercraft; and engines for jet boats, outboards, karts, motorcycles, and recreational aircraft.
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