BRP Inc (NASDAQ:DOOO) – Equities researchers at Desjardins issued their Q1 2020 earnings estimates for BRP in a note issued to investors on Monday, March 25th. Desjardins analyst B. Poirier anticipates that the company will earn $0.39 per share for the quarter. Desjardins also issued estimates for BRP’s Q2 2020 earnings at $0.48 EPS, FY2020 earnings at $2.69 EPS and FY2021 earnings at $2.86 EPS.
Other research analysts also recently issued reports about the stock. GMP Securities started coverage on shares of BRP in a report on Monday, December 3rd. They issued a “buy” rating for the company. Canaccord Genuity reissued a “buy” rating on shares of BRP in a report on Sunday, December 2nd. National Bank Financial reissued a “buy” rating on shares of BRP in a report on Tuesday, November 27th. TD Securities started coverage on shares of BRP in a report on Thursday, February 7th. They issued a “hold” rating for the company. Finally, Zacks Investment Research raised shares of BRP from a “sell” rating to a “hold” rating in a report on Wednesday, February 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. BRP presently has a consensus rating of “Buy”.
Shares of NASDAQ:DOOO opened at $26.66 on Tuesday. BRP has a one year low of $23.90 and a one year high of $55.41. The firm has a market capitalization of $2.57 billion and a price-to-earnings ratio of 11.20.
BRP (NASDAQ:DOOO) last released its quarterly earnings data on Friday, March 22nd. The company reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.05. BRP had a net margin of 4.30% and a negative return on equity of 76.88%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.06 billion.
A number of large investors have recently made changes to their positions in DOOO. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in BRP by 31.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,784 shares of the company’s stock worth $72,000 after buying an additional 660 shares during the period. Shell Asset Management Co. purchased a new position in BRP during the 3rd quarter valued at about $177,000. Annex Advisory Services LLC purchased a new position in BRP during the 3rd quarter valued at about $272,000. Bank of New York Mellon Corp purchased a new position in BRP during the 3rd quarter valued at about $300,000. Finally, Great West Life Assurance Co. Can increased its position in BRP by 18.8% during the 4th quarter. Great West Life Assurance Co. Can now owns 14,238 shares of the company’s stock valued at $357,000 after purchasing an additional 2,251 shares during the period. 30.89% of the stock is owned by hedge funds and other institutional investors.
BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and propulsion systems worldwide. The company offers all-terrain, side-by-side, and spyder vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircrafts.
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