On Wednesday, the company unveiled BRP’s quarterly earnings report (NASDAQ: DOOO-Get Rating). According to information provided by Briefing.com, the company said it had earnings per share (EPS) for the quarter of $2.94, which is $0.91 above the average expectation of $2.03. BRP’s return on equity was negative by a margin of 305.74% and the company’s net margin was 8.79%. The company’s sales during the period were $2.44 billion, beating industry analysts’ forecast that the company would achieve sales of $2.30 billion during the period. The company reported earnings per share of $2.35 for the same quarter in the prior year’s financial statements. Compared to the same quarter of the previous year, BRP’s revenues for the current quarter increased by 28.1%. DOOO shares were first sold for $74.11 per share on NASDAQ.
The company’s moving average for the previous 200 days is $72.71 and the moving average for the previous 50 days is $72.20. The current value of the company, measured by its market capitalization, is $5.83 billion. It has a price/earnings ratio of 11.69 and a beta of 2.53, which are very high numbers. The current price of BRP represents a 1-year high of $90.05, while the current price of BRP represents a 1-year low of $57.38. Recently, hedge funds have been very active in the company’s stock market, buying and selling stocks back and forth. Moors & Cabot Inc. increased its investment in BRP by 8.2% in the first three months of the year by purchasing additional shares of the company.
Moors & Cabot Inc. now owns a total of 2,638 shares of the company, which has a value of $216,000, for a sum of $216,000 following the purchase of 200 additional shares during the aforementioned period. JPMorgan Chase & Co. increased the number of BRP shares held by 21.1% during the second quarter of the year. After purchasing an additional 434 shares in the last quarter, JPMorgan Chase & Co. now owns a total of 2,494 shares worth $153,000. During the last quarter, these shares were acquired. PNC Financial Services Group Inc. increased the number of BRP shares it holds by 11.0% in the first three months of 2018 to bring its total ownership percentage to 100%. After purchasing an additional 560 shares during the relevant period, PNC Financial Services Group Inc. now owns 5,640 shares of the company, currently valued at $460,000. These shares were acquired during the period in question.
During the first three months of 2018, Dimensional Fund Advisors LP increased its stake in BRP by purchasing additional shares at a rate of 4.7%. As a result, Dimensional Fund Advisors LP now owns 12,914 shares of the company due to the purchase of an additional 583 shares during the relevant period. There is currently a value of $1,056,000 attached to these shares. Power Corp. of Canada recorded an expense of approximately $69,000 during the first quarter of the year as a direct result of the addition of BRP assets. At present, the institutions hold 27.35% of the company’s capital. In recent years, brokerages have started focusing more on DOOO. In a research note published on June 6, Stifel Nicolaus stated his intention to lower his price target for BRP from CA$150.00 (which they had previously indicated) to CA$145.00 in a research note. . In a research note released Monday, June 6, Scotiabank announced its intention to lower its price target on BRP shares from C$133.00 (Canadian) to C$126.00 (Canadian).
On Monday, June 6, Raymond James released a research note announcing that he would lower his price target on BRP from CA$145.00 to CA$135.00. The new price target was revealed in the note. In a report made publicly available on Monday, June 6, Royal Bank of Canada said it lowered its target price for BRP from C$128,000.00 to C$111,000.00. This price reduction has been implemented. In a research study released June 6, investment firm Desjardins reiterated its “buy” rating on BRP shares and assigned the company an overall “buy” rating. Seven separate analysts gave the stock a Buy recommendation, and one even went so far as to recommend investors buy the stock. MarketBeat.com reports that the company currently has an average rating of “Moderate Buy” and the consensus price target is $130.33.
BRP Inc. and its subsidiaries in the United States of America, Canada, Europe, Asia-Pacific, Mexico and Austria, as well as other countries, are responsible for the production, development, construction, sale and marketing of motor sports vehicles and marine equipment.
These products can be found in a variety of countries around the world. The motorsports and marine industries are respectively the two main focus of the departments of this organization. In addition to snowmobiles, personal watercraft, jet boat engines, outboard motors, go-karts, scooters and recreational aircraft, you can also purchase all-terrain vehicles, three-wheelers, side-by-side vehicles side-by-side and side-by-side vehicles. vehicles equipped with all-terrain tires.