BRP Inc to Post Q2 2018 Earnings of $0.10 Per Share, National Bank Financial Forecasts (DOO)
BRP Inc (TSE:DOO) – Analysts at National Bank Financial decreased their Q2 2018 earnings per share (EPS) estimates for BRP in a research report issued on Tuesday. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of $0.10 per share for the quarter, down from their previous estimate of $0.14. National Bank Financial currently has a “Outperform” rating and a $45.00 target price on the stock.
BRP (TSE:DOO) last released its quarterly earnings data on Friday, June 9th. The company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.15. The firm had revenue of $956.20 million for 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%.
Other equities analysts also recently issued reports about the stock. CIBC raised their target price on shares of BRP from C$34.00 to C$42.00 in a report on Friday, June 2nd. Desjardins raised their target price on shares of BRP from C$35.00 to C$44.00 and gave the company a “buy” rating in a report on Friday, June 2nd. Northcoast Research downgraded shares of BRP from a “buy” rating to a “neutral” rating in a report on Tuesday, June 27th. Royal Bank Of Canada raised their target price on shares of BRP from C$36.00 to C$43.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Finally, BMO Capital Markets raised their target price on shares of BRP from C$38.00 to C$44.00 and gave the company an “outperform” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$40.00.
BRP (DOO) traded up 1.06% on Thursday, hitting $40.95. The stock had a trading volume of 35,549 shares. BRP has a 52-week low of $22.10 and a 52-week high of $41.94. The company’s 50 day moving average price is $39.37 and its 200 day moving average price is $33.26. The firm has a market cap of $4.58 billion and a price-to-earnings ratio of 36.11.
In related news, insider Bernard Guy sold 13,293 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of C$39.00, for a total value of C$518,427.00. Also, Director Edward Michael Philip sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of C$39.69, for a total transaction of C$39,690.00. Over the last quarter, insiders have sold 24,693 shares of company stock valued at $970,447.
BRP Company Profile
BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and propulsion systems worldwide. The company offers all-terrain, side-by-side, and spyder vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircrafts.
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