$1.36 Billion in Sales Expected for BRP Inc. (NASDAQ:DOOO) This Quarter

Brokerages expect BRP Inc. (NASDAQ:DOOO) to report sales of $1.36 billion for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for BRP’s earnings, with the highest sales estimate coming in at $1.45 billion and the lowest estimate coming in at $1.18 billion. BRP reported sales of $1.26 billion in the same quarter last year, which suggests a positive year over year growth rate of 7.9%. The firm is scheduled to report its next quarterly earnings report on Wednesday, November 24th.

On average, analysts expect that BRP will report full-year sales of $6.16 billion for the current year, with estimates ranging from $6.08 billion to $6.31 billion. For the next fiscal year, analysts forecast that the business will post sales of $6.77 billion, with estimates ranging from $6.61 billion to $6.97 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow BRP.

BRP (NASDAQ:DOOO) last announced its quarterly earnings data on Wednesday, September 1st. The company reported $2.89 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $1.85. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.72 billion. BRP had a negative return on equity of 209.67% and a net margin of 12.76%. The company’s revenue for the quarter was up 54.4% compared to the same quarter last year.

A number of analysts recently commented on the company. Raymond James lifted their price target on BRP from C$122.00 to C$137.00 and gave the stock a “strong-buy” rating in a report on Friday, September 3rd. TD Securities boosted their target price on BRP from C$120.00 to C$140.00 and gave the company a “buy” rating in a research note on Friday, September 3rd. CIBC upgraded BRP from a “neutral” rating to an “outperform” rating in a research report on Friday, September 3rd. Robert W. Baird reiterated a “buy” rating and issued a $98.00 price target on shares of BRP in a research report on Monday, June 28th. Finally, BMO Capital Markets upgraded BRP from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $100.00 to $154.00 in a research report on Tuesday, September 7th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $126.69.

Several large investors have recently made changes to their positions in DOOO. Mackenzie Financial Corp raised its position in shares of BRP by 17.6% in the 2nd quarter. Mackenzie Financial Corp now owns 5,814,474 shares of the company’s stock worth $454,549,000 after acquiring an additional 868,626 shares in the last quarter. FMR LLC boosted its stake in BRP by 700.7% during the 1st quarter. FMR LLC now owns 655,115 shares of the company’s stock valued at $18,178,000 after purchasing an additional 573,296 shares during the last quarter. Intact Investment Management Inc. lifted its holdings in shares of BRP by 449.2% during the 2nd quarter. Intact Investment Management Inc. now owns 431,660 shares of the company’s stock valued at $41,806,000 after buying an additional 353,060 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of BRP by 45,170.8% during the 1st quarter. Lazard Asset Management LLC now owns 240,388 shares of the company’s stock valued at $20,893,000 after buying an additional 239,857 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of BRP by 40.6% during the 2nd quarter. Morgan Stanley now owns 547,611 shares of the company’s stock valued at $42,912,000 after buying an additional 158,122 shares during the period. 28.68% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:DOOO traded up $2.93 during mid-day trading on Monday, hitting $94.59. 4,291 shares of the company traded hands, compared to its average volume of 51,707. The stock has a market cap of $7.63 billion, a P/E ratio of 11.70 and a beta of 2.85. BRP has a 12-month low of $46.90 and a 12-month high of $102.96. The stock has a 50-day moving average price of $90.68 and a two-hundred day moving average price of $85.97.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 14th. Shareholders of record on Thursday, September 30th will be given a dividend of $0.104 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Wednesday, September 29th. BRP’s payout ratio is 10.20%.

About BRP

BRP, Inc is a holding company, which engages in the design, development, manufacture, distribution, and marketing of power sports vehicles and marine products. The firm operates through the Powersports and Marine segments. The Powersports segment includes Year-Round Products, Seasonal Products and Powersports PA&A and OEM Engines.

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Earnings History and Estimates for BRP (NASDAQ:DOOO)

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