Brokers

Brokers Set Expectations for BRP Inc.’s Q1 2023 Earnings (TSE:DOO)

BRP Inc. (TSE:DOOGet Rating) – Stock analysts at Northcoast Research issued their Q1 2023 earnings per share (EPS) estimates for BRP in a report released on Tuesday, May 17th. Northcoast Research analyst R. Department expects that the company will earn $1.28 per share for the quarter. Northcoast Research has a “Neutral” rating on the stock. Northcoast Research also issued estimates for BRP’s Q3 2023 earnings at $2.70 EPS, Q4 2023 earnings at $4.48 EPS, FY2023 earnings at $10.75 EPS and FY2024 earnings at $11.30 EPS. BRP (TSE:DOOGet Rating) last announced its quarterly earnings data on Friday, March 25th. The company reported C$3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.50 by C$0.50. The company had revenue of C$2.35 billion for the quarter, compared to the consensus estimate of C$2.28 billion.

A number of other brokerages have also commented on DOO. DA Davidson reissued a “buy” rating and set a C$134.00 price target on shares of BRP in a research note on Thursday, May 5th. UBS Group upped their price objective on BRP from C$165.00 to C$185.00 and gave the stock a “buy” rating in a report on Friday, April 1st. Robert W. Baird initiated coverage on BRP in a report on Monday, March 28th. They set a “buy” rating and a C$130.00 price objective on the stock. Royal Bank of Canada set a C$128.00 price objective on BRP and gave the stock an “outperform” rating in a report on Monday, April 4th. Finally, CIBC upped their price objective on BRP from C$114.00 to C$124.00 and gave the stock an “outperform” rating in a report on Monday, March 28th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$138.92.

(Ad)

Analyst says this stock could make quick strides with its unbelievable assets.

Shares of DOO opened at C$93.36 on Thursday. BRP has a 1 year low of C$73.74 and a 1 year high of C$129.98. The company has a 50 day simple moving average of C$99.10 and a two-hundred day simple moving average of C$101.13. The firm has a market cap of C$7.35 billion and a P/E ratio of 10.03.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 18th. Investors of record on Monday, April 4th were issued a $0.16 dividend. This is an increase from BRP’s previous quarterly dividend of $0.13. This represents a $0.64 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Friday, April 1st. BRP’s payout ratio is presently 5.59%.

About BRP (Get Rating)

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 company operates through two segments, Powersports and Marine. It offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products, such as snowmobiles and personal watercraft; and engines for jet boats, outboards, karts, motorcycles, and recreational aircraft.

Read More

Earnings History and Estimates for BRP (TSE:DOO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in BRP right now?

Before you consider BRP, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and BRP wasn’t on the list.

While BRP currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 

Source link

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.