BRP Inc. (DOO) To Go Ex-Dividend on September 27th

BRP Inc. (TSE:DOO) declared a quarterly dividend on Thursday, September 5th, Zacks reports. Stockholders of record on Friday, September 27th will be paid a dividend of 0.21 per share on Friday, October 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, September 27th.

BRP Stock Performance

Shares of BRP stock traded down C$4.05 on Friday, reaching C$85.30. 476,753 shares of the stock were exchanged, compared to its average volume of 196,925. The business has a 50 day moving average price of C$92.70 and a two-hundred day moving average price of C$91.39. The firm has a market capitalization of C$3.04 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 2.05 and a beta of 2.33. BRP has a twelve month low of C$77.42 and a twelve month high of C$109.00. The company has a quick ratio of 0.20, a current ratio of 1.35 and a debt-to-equity ratio of 461.35.

BRP (TSE:DOO) last announced its quarterly earnings data on Friday, September 6th. The company reported C$0.61 EPS for the quarter, beating the consensus estimate of C$0.30 by C$0.31. The business had revenue of C$1.84 billion during the quarter, compared to analysts’ expectations of C$1.85 billion. BRP had a net margin of 5.83% and a return on equity of 94.59%. Analysts anticipate that BRP will post 8.3681507 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DOO has been the topic of several analyst reports. CIBC cut their price target on BRP from C$110.00 to C$100.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Canaccord Genuity Group set a C$90.00 target price on BRP and gave the stock a “hold” rating in a report on Wednesday, August 28th. TD Securities reduced their price target on BRP from C$100.00 to C$98.00 and set a “hold” rating for the company in a research report on Monday, June 3rd. Stifel Nicolaus lowered BRP from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$106.00 to C$97.00 in a research report on Wednesday, August 21st. Finally, National Bankshares lowered shares of BRP from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$109.00 to C$100.00 in a report on Wednesday, August 21st. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$101.92.

BRP Company Profile

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 Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.