BRP Inc. (NASDAQ:DOOO) Declares Quarterly Dividend of $0.15

BRP Inc. (NASDAQ:DOOO - Get Free Report) announced a quarterly dividend on Thursday, March 27th, Wall Street Journal reports. Stockholders of record on Friday, April 4th will be given a dividend of 0.1508 per share on Friday, April 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Friday, April 4th. This is a 1.5% increase from BRP's previous quarterly dividend of $0.15.

BRP has raised its dividend by an average of 17.5% annually over the last three years. BRP has a payout ratio of 12.7% meaning its dividend is sufficiently covered by earnings. Analysts expect BRP to earn $3.43 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 16.9%.

BRP Trading Down 0.6 %

NASDAQ DOOO traded down $0.19 during trading hours on Monday, hitting $33.81. 260,567 shares of the company were exchanged, compared to its average volume of 144,650. The stock has a market cap of $2.47 billion, a PE ratio of 17.98 and a beta of 2.03. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19. The stock has a 50-day moving average price of $42.17 and a 200 day moving average price of $49.21. BRP has a 52 week low of $33.05 and a 52 week high of $75.59.

BRP (NASDAQ:DOOO - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.62 by $0.07. BRP had a net margin of 2.29% and a return on equity of 61.20%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.97 billion. Analysts forecast that BRP will post 3.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Citigroup reissued a "sell" rating and issued a $27.00 price objective (down from $29.00) on shares of BRP in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, BRP presently has a consensus rating of "Hold" and an average price target of $87.40.

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.