BRP (NASDAQ:DOOO) Posts Earnings Results

BRP (NASDAQ:DOOO) announced its earnings results on Wednesday. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 Stock Performance

Shares of DOOO opened at $39.59 on Wednesday. The firm has a market capitalization of $2.89 billion, a P/E ratio of 21.00 and a beta of 2.03. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57. BRP has a one year low of $35.54 and a one year high of $75.59. The business has a fifty day moving average of $43.56 and a 200 day moving average of $49.91.

Wall Street Analysts Forecast Growth

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

About BRP

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.