BRP (NASDAQ:DOOO) Releases Earnings Results, Beats Expectations By $0.07 EPS

BRP (NASDAQ:DOOO) released its quarterly earnings data on Wednesday. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.62 by $0.07, Zacks reports. BRP had a net margin of 2.29% and a return on equity of 61.20%.

BRP Stock Down 6.7 %

Shares of NASDAQ:DOOO opened at $35.54 on Wednesday. The firm has a market capitalization of $2.59 billion, a PE ratio of 18.90 and a beta of 2.03. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37. BRP has a 52-week low of $35.54 and a 52-week high of $75.59. The firm has a fifty day moving average of $43.56 and a 200 day moving average of $49.91.

Analyst Ratings Changes

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