BRP Inc. (TSE:DOO – Get Rating) – Investment analysts at DA Davidson boosted their FY2023 earnings estimates for BRP in a research note issued on Thursday, December 1st. DA Davidson analyst B. Rolle now anticipates that the company will post earnings per share of $12.00 for the year, up from their prior estimate of $11.65. The consensus estimate for BRP's current full-year earnings is $12.36 per share. DA Davidson also issued estimates for BRP's Q4 2023 earnings at $3.76 EPS and FY2024 earnings at $12.45 EPS.
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BRP (TSE:DOO – Get Rating) last announced its quarterly earnings results on Wednesday, September 14th. The company reported C$2.94 EPS for the quarter, beating analysts' consensus estimates of C$2.58 by C$0.36. The firm had revenue of C$2.44 billion during the quarter, compared to analyst estimates of C$2.21 billion.
DOO has been the subject of a number of other research reports. Royal Bank of Canada increased their price target on shares of BRP from C$114.00 to C$124.00 and gave the company an "outperform" rating in a research note on Thursday. Scotiabank increased their price target on shares of BRP from C$126.00 to C$127.00 in a research note on Thursday, September 15th. National Bankshares cut their price target on shares of BRP from C$136.00 to C$130.00 and set an "outperform" rating for the company in a research note on Wednesday, November 23rd. Raymond James increased their price target on shares of BRP from C$135.00 to C$138.00 in a research note on Thursday, September 15th. Finally, CIBC increased their price target on shares of BRP from C$132.00 to C$137.00 and gave the company an "outperform" rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$136.50.
BRP Stock Performance
Shares of DOO stock opened at C$105.18 on Friday. The stock has a market cap of C$8.28 billion and a P/E ratio of 12.46. The company has a debt-to-equity ratio of 28,052.17, a current ratio of 1.08 and a quick ratio of 0.18. The company has a fifty day moving average price of C$90.18 and a two-hundred day moving average price of C$90.60. BRP has a one year low of C$73.74 and a one year high of C$113.84.
BRP Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 30th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Thursday, December 29th. BRP's dividend payout ratio is 7.23%.
About BRP
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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, Latin America, and internationally. The company operates through two segments, Powersports and Marine. It offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products, which consists of snowmobiles, personal watercraft, and pontoons; and parts, accessories and apparel, and engines for karts and recreational aircraft and other services.
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