BRP Inc. (DOOO) To Go Ex-Dividend on September 27th

BRP Inc. (NASDAQ:DOOO) announced a quarterly dividend on Thursday, September 5th, Zacks reports. Investors of record on Friday, September 27th will be paid a dividend of 0.152 per share on Friday, October 11th. This represents a $0.61 annualized dividend and a yield of 1.00%. The ex-dividend date is Friday, September 27th.

BRP has raised its dividend payment by an average of 87.0% per year over the last three years. BRP has a payout ratio of 15.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect BRP to earn $3.78 per share next year, which means the company should continue to be able to cover its $0.62 annual dividend with an expected future payout ratio of 16.4%.

BRP Trading Down 0.3 %

Shares of BRP stock opened at $60.55 on Wednesday. The company has a debt-to-equity ratio of 4.99, a current ratio of 1.32 and a quick ratio of 0.37. The stock’s 50 day simple moving average is $67.12 and its 200-day simple moving average is $66.63. The stock has a market cap of $4.49 billion, a P/E ratio of 10.95 and a beta of 2.07. BRP has a 1-year low of $57.15 and a 1-year high of $79.40.

Analyst Ratings Changes

Several analysts have issued reports on DOOO shares. Citigroup dropped their target price on BRP from $80.00 to $75.00 and set a “buy” rating for the company in a report on Monday, September 9th. UBS Group dropped their price objective on shares of BRP from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Stifel Nicolaus cut shares of BRP from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Desjardins lowered shares of BRP from a “moderate buy” rating to a “hold” rating in a report on Sunday, September 8th. Finally, National Bank Financial downgraded shares of BRP from an “outperform” rating to a “sector perform” rating in a report on Wednesday, August 21st. Seven investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $97.00.

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.