BRP Inc. (TSE:DOO) Announces Quarterly Dividend of $0.21

BRP Inc. (TSE:DOO) announced a quarterly dividend on Thursday, September 5th, Zacks reports. Shareholders of record on Friday, September 27th will be paid a dividend of 0.21 per share on Friday, October 11th. This represents a $0.84 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Friday, September 27th.

BRP Stock Performance

Shares of BRP stock traded down C$4.05 on Friday, hitting C$85.30. 476,753 shares of the company’s stock were exchanged, compared to its average volume of 196,925. BRP has a 1 year low of C$77.42 and a 1 year high of C$109.00. The company has a 50-day simple moving average of C$92.70 and a 200-day simple moving average of C$91.39. The company has a debt-to-equity ratio of 461.35, a quick ratio of 0.20 and a current ratio of 1.35. The stock has a market capitalization of C$3.04 billion, a PE ratio of 11.45, a PEG ratio of 2.05 and a beta of 2.33.

BRP (TSE:DOO) last released its earnings results on Friday, September 6th. The company reported C$0.61 earnings per share for the quarter, beating the consensus estimate of C$0.30 by C$0.31. The company had revenue of C$1.84 billion for the quarter, compared to the consensus estimate of C$1.85 billion. BRP had a return on equity of 94.59% and a net margin of 5.83%. As a group, equities analysts anticipate that BRP will post 8.3681507 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DOO. Raymond James dropped their target price on shares of BRP from C$108.00 to C$100.00 in a report on Monday, June 3rd. TD Securities cut their target price on BRP from C$100.00 to C$98.00 and set a “hold” rating for the company in a research report on Monday, June 3rd. National Bankshares cut BRP from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$109.00 to C$100.00 in a report on Wednesday, August 21st. Citigroup increased their price objective on shares of BRP from C$100.00 to C$110.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Finally, Canaccord Genuity Group set a C$90.00 price objective on shares of BRP and gave the company a “hold” rating in a research report on Wednesday, August 28th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$101.92.

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.