BRP Inc. to Issue Quarterly Dividend of $0.15 (NASDAQ:DOOO)

BRP Inc. (NASDAQ:DOOO) announced a quarterly dividend on Monday, December 9th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.1485 per share on Tuesday, January 14th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Tuesday, December 31st.

BRP has raised its dividend payment by an average of 87.0% per year over the last three years. BRP has a payout ratio of 16.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect BRP to earn $3.60 per share next year, which means the company should continue to be able to cover its $0.61 annual dividend with an expected future payout ratio of 16.9%.

BRP Stock Up 3.8 %

NASDAQ:DOOO opened at $53.39 on Tuesday. The firm has a 50-day simple moving average of $52.10 and a two-hundred day simple moving average of $60.82. The firm has a market cap of $3.90 billion, a P/E ratio of 28.40 and a beta of 2.03. BRP has a fifty-two week low of $46.85 and a fifty-two week high of $75.59. The company has a debt-to-equity ratio of 4.99, a quick ratio of 0.37 and a current ratio of 1.32.

BRP (NASDAQ:DOOO) last released its quarterly earnings data on Friday, September 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.23. BRP had a return on equity of 58.01% and a net margin of 2.29%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Analysts predict that BRP will post 2.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on DOOO. National Bank Financial cut BRP from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, August 21st. Stifel Nicolaus lowered shares of BRP from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. UBS Group lowered their price objective on shares of BRP from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Desjardins cut shares of BRP from a “moderate buy” rating to a “hold” rating in a report on Sunday, September 8th. Finally, Scotiabank lowered shares of BRP from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, September 9th. Six research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $97.00.

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.