BRP Inc (DOOO) Expected to Post Earnings of $0.40 Per Share

Wall Street analysts predict that BRP Inc (NASDAQ:DOOO) will post earnings of $0.40 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for BRP’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.36. BRP reported earnings of $0.41 per share in the same quarter last year, which would indicate a negative year over year growth rate of 2.4%. The firm is scheduled to report its next quarterly earnings results on Thursday, May 30th.

On average, analysts expect that BRP will report full-year earnings of $2.69 per share for the current fiscal year, with EPS estimates ranging from $2.61 to $2.74. For the next financial year, analysts forecast that the company will post earnings of $2.86 per share, with EPS estimates ranging from $2.43 to $3.08. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that cover BRP.

BRP (NASDAQ:DOOO) last released its quarterly earnings results on Friday, March 22nd. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.05. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.06 billion. BRP had a net margin of 4.30% and a negative return on equity of 80.69%.

A number of brokerages have issued reports on DOOO. National Bank Financial reissued a “buy” rating on shares of BRP in a research report on Saturday, February 2nd. Zacks Investment Research raised BRP from a “sell” rating to a “hold” rating in a research report on Wednesday, February 27th. TD Securities began coverage on BRP in a research report on Thursday, February 7th. They issued a “hold” rating on the stock. Goldman Sachs Group began coverage on BRP in a research report on Wednesday, April 24th. They issued a “neutral” rating and a $32.06 target price on the stock. Finally, Wells Fargo & Co raised BRP from a “market perform” rating to an “outperform” rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $32.06.

Shares of DOOO stock traded up $0.40 during trading on Wednesday, hitting $29.17. 9,510 shares of the stock traded hands, compared to its average volume of 32,723. The firm has a market cap of $2.79 billion and a PE ratio of 12.23. BRP has a 52-week low of $23.90 and a 52-week high of $55.41.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN grew its stake in shares of BRP by 303.0% in the first quarter. Wells Fargo & Company MN now owns 1,330 shares of the company’s stock worth $37,000 after acquiring an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of BRP by 31.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,784 shares of the company’s stock worth $72,000 after acquiring an additional 660 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of BRP by 21.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,393 shares of the company’s stock worth $94,000 after acquiring an additional 609 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of BRP in the third quarter worth $300,000. Finally, Intact Investment Management Inc. acquired a new position in shares of BRP in the first quarter worth $241,000. 31.64% of the stock is currently owned by institutional investors.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersport vehicles and marine products worldwide. It operates through two segments, Powersports and Marine. The company offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircraft.

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Earnings History and Estimates for BRP (NASDAQ:DOOO)

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