BRP (DOOO) Expected to Announce Earnings on Wednesday

BRP (NASDAQ:DOOO) is expected to be announcing its earnings results before the market opens on Wednesday, March 26th. Analysts expect the company to announce earnings of $0.62 per share and revenue of $1.97 billion for the quarter.

BRP Price Performance

NASDAQ DOOO opened at $38.10 on Tuesday. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 20.27 and a beta of 2.03. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57. The stock’s fifty day moving average price is $43.91 and its 200 day moving average price is $50.10. BRP has a 1 year low of $36.27 and a 1 year high of $75.59.

Analysts Set New Price Targets

Separately, Citigroup lowered BRP from a “neutral” rating to a “sell” rating and cut their price objective for the company from $48.00 to $29.00 in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $87.80.

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.