BRP (TSE:DOO) Releases Quarterly Earnings Results

BRP (TSE:DOO) issued its quarterly earnings results on Thursday. The company reported C($0.18) earnings per share (EPS) for the quarter, FiscalAI reports. BRP had a net margin of 3.01% and a return on equity of 46.01%. The business had revenue of C$2.24 billion during the quarter.

BRP Stock Performance

TSE:DOO opened at C$87.60 on Thursday. BRP has a fifty-two week low of C$67.11 and a fifty-two week high of C$112.26. The company has a 50 day simple moving average of C$87.04 and a two-hundred day simple moving average of C$87.78. The company has a market capitalization of C$6.46 billion, a PE ratio of 23.93, a P/E/G ratio of 2.05 and a beta of 0.81. The company has a debt-to-equity ratio of 419.45, a quick ratio of 0.20 and a current ratio of 1.30.

Analysts Set New Price Targets

Several research firms recently weighed in on DOO. Desjardins raised their price objective on BRP from C$97.00 to C$103.00 and gave the company a “buy” rating in a research note on Monday, June 1st. TD Securities raised BRP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Stifel Nicolaus cut shares of BRP from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$92.00 to C$85.00 in a report on Friday, May 29th. National Bank Financial upped their price objective on shares of BRP from C$84.00 to C$98.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 20th. Finally, Royal Bank Of Canada raised their target price on shares of BRP from C$107.00 to C$113.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, BRP presently has a consensus rating of “Moderate Buy” and a consensus target price of C$100.60.

About BRP

BRP Inc is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds.