Q3 2018 EPS Estimates for BRP Inc (TSE:DOO) Increased by Desjardins
BRP Inc (TSE:DOO) – Stock analysts at Desjardins lifted their Q3 2018 earnings per share (EPS) estimates for BRP in a report issued on Tuesday. Desjardins analyst B. Poirier now forecasts that the company will post earnings of $1.03 per share for the quarter, up from their prior estimate of $0.97. Desjardins currently has a “Buy” rating and a $46.00 target price on the stock. Desjardins also issued estimates for BRP’s Q4 2018 earnings at $1.03 EPS, FY2018 earnings at $2.40 EPS and FY2019 earnings at $2.63 EPS.
DOO has been the topic of several other reports. CIBC increased their price objective on shares of BRP from C$34.00 to C$42.00 in a report on Friday, June 2nd. Northcoast Research lowered shares of BRP from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 27th. Scotiabank increased their price target on shares of BRP from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a report on Tuesday, March 28th. BMO Capital Markets restated an “outperform” rating and issued a C$38.00 target price on shares of BRP in a report on Monday, March 27th. Finally, Royal Bank Of Canada lifted their price target on BRP from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Monday, March 27th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. BRP presently has a consensus rating of “Buy” and a consensus target price of C$37.88.
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Shares of BRP (TSE DOO) traded up 2.09% during midday trading on Thursday, reaching $39.55. The company had a trading volume of 31,732 shares. BRP has a 52 week low of $20.85 and a 52 week high of $40.55. The company has a market capitalization of $4.42 billion and a P/E ratio of 34.88. The company’s 50 day moving average price is $38.47 and its 200-day moving average price is $31.54.
BRP (TSE:DOO) last released its quarterly earnings results on Friday, June 9th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.15. The business had revenue of $956.20 million during the quarter, compared to the consensus estimate of $1.03 billion. BRP had a negative return on equity of 47.28% and a negative net margin of 1.93%.
In other BRP news, Director Michael Hanley sold 5,100 shares of the business’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of C$40.30, for a total transaction of C$205,530.00. Also, insider Bernard Guy sold 13,293 shares of the business’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of C$39.00, for a total value of C$518,427.00. Insiders sold 24,693 shares of company stock worth $970,447 over the last ninety days.
BRP Company Profile
BRP Inc is engaged in the design, development, manufacturing, distribution and marketing of power sports vehicles and propulsion systems. The Company manufactures and sells Year-Round Products consisting of all-terrain vehicles (ATVs), side-by-side vehicles (SSVs) and roadsters; Seasonal Products consisting of snowmobiles and personal watercrafts (PWCs), and Propulsion Products consisting of engines for outboard and jet boats, karts, motorcycles and recreational aircraft.
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