BRP (NASDAQ:DOOO) Issues Quarterly Earnings Results

BRP (NASDAQ:DOOO) announced its quarterly earnings data on Wednesday. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.07, Zacks reports. BRP had a return on equity of 61.20% and a net margin of 2.29%.

BRP Price Performance

Shares of BRP stock opened at $39.59 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19. The business has a 50 day moving average of $43.56 and a 200 day moving average of $49.91. The company has a market cap of $2.89 billion, a PE ratio of 21.00 and a beta of 2.03. BRP has a 52 week low of $35.54 and a 52 week high of $75.59.

Wall Street Analyst Weigh In

Separately, Citigroup cut BRP from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $48.00 to $29.00 in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, BRP presently has a consensus rating of “Hold” and an average target price of $87.80.

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.