BRP Inc. Forecasted to Post Q2 2023 Earnings of $2.30 Per Share (TSE:DOO)

BRP Inc. (TSE:DOOGet Rating) – Research analysts at Northcoast Research issued their Q2 2023 earnings per share estimates for BRP in a report released on Tuesday, May 17th. Northcoast Research analyst R. Department anticipates that the company will earn $2.30 per share for the quarter. Northcoast Research has a “Neutral” rating on the stock.

DOO has been the topic of a number of other research reports. TD Securities raised their target price on shares of BRP from C$115.00 to C$125.00 and gave the stock a “buy” rating in a report on Monday, March 28th. Raymond James boosted their price objective on BRP from C$137.00 to C$146.00 in a research report on Monday, March 28th. Robert W. Baird began coverage on BRP in a research report on Monday, March 28th. They issued a “buy” rating and a C$130.00 target price on the stock. CIBC boosted their price target on shares of BRP from C$114.00 to C$124.00 and gave the company an “outperform” rating in a report on Monday, March 28th. Finally, Canaccord Genuity Group increased their price objective on shares of BRP from C$130.00 to C$136.00 in a report on Monday, March 28th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$138.92.

TSE DOO opened at C$88.21 on Friday. BRP has a one year low of C$73.74 and a one year high of C$129.98. The company has a 50-day simple moving average of C$99.23 and a 200-day simple moving average of C$100.96. The firm has a market capitalization of C$6.94 billion and a PE ratio of 9.47.

BRP (TSE:DOOGet Rating) last released its quarterly earnings data on Friday, March 25th. The company reported C$3.00 EPS for the quarter, topping analysts’ consensus estimates of C$2.50 by C$0.50. The business had revenue of C$2.35 billion during the quarter, compared to analyst estimates of C$2.28 billion.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 18th. Shareholders of record on Monday, April 4th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Friday, April 1st. This is a positive change from BRP’s previous quarterly dividend of $0.13. BRP’s dividend payout ratio is currently 5.59%.

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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Earnings History and Estimates for BRP (TSE:DOO)

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