BRP Inc (NASDAQ:DOOO) Announces Quarterly Dividend of $0.07

BRP Inc (NASDAQ:DOOO) announced a quarterly dividend on Monday, June 3rd, Wall Street Journal reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.074 per share on Friday, July 12th. This represents a $0.30 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Thursday, June 27th.

Shares of DOOO opened at $35.31 on Wednesday. The stock has a 50-day moving average of $31.11. The stock has a market capitalization of $3.43 billion and a PE ratio of 14.84. BRP has a 52 week low of $23.90 and a 52 week high of $55.41.

BRP (NASDAQ:DOOO) last issued its quarterly earnings results on Thursday, May 30th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $999.74 million during the quarter, compared to analysts’ expectations of $939.22 million. BRP had a negative return on equity of 80.77% and a net margin of 4.38%. On average, equities analysts forecast that BRP will post 2.71 earnings per share for the current fiscal year.

DOOO has been the subject of a number of analyst reports. Wells Fargo & Co upgraded BRP from a “market perform” rating to an “outperform” rating in a research report on Monday, April 8th. Zacks Investment Research cut BRP from a “hold” rating to a “sell” rating in a research report on Friday, March 8th. Goldman Sachs Group assumed coverage on BRP in a research report on Wednesday, April 24th. They set a “neutral” rating and a $32.06 target price for the company. Finally, ValuEngine upgraded BRP from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $32.06.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersport vehicles and marine products worldwide. It operates through two segments, Powersports and Marine. The company offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircraft.

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