Scotiabank Weighs in on BRP’s FY2025 Earnings (NASDAQ:DOOO)

BRP Inc. (NASDAQ:DOOO) – Scotiabank issued their FY2025 earnings per share estimates for BRP in a research note issued on Wednesday, January 8th. Scotiabank analyst J. Goldman expects that the company will post earnings of $3.02 per share for the year. The consensus estimate for BRP’s current full-year earnings is $3.19 per share.

Separately, UBS Group cut their target price on shares of BRP from $66.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. Six analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $97.00.

BRP Stock Down 0.2 %

Shares of BRP stock opened at $50.99 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.37 and a debt-to-equity ratio of 5.19. The company has a market cap of $3.72 billion, a P/E ratio of 27.12 and a beta of 2.02. The stock has a 50-day moving average price of $50.11 and a 200 day moving average price of $58.89. BRP has a 1 year low of $46.85 and a 1 year high of $75.59.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. grew its holdings in BRP by 17.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 405,978 shares of the company’s stock valued at $24,159,000 after buying an additional 61,502 shares during the last quarter. Sei Investments Co. raised its position in shares of BRP by 31.3% during the second quarter. Sei Investments Co. now owns 105,163 shares of the company’s stock valued at $6,734,000 after buying an additional 25,041 shares during the last quarter. Achmea Investment Management B.V. raised its stake in shares of BRP by 63.6% in the second quarter. Achmea Investment Management B.V. now owns 46,993 shares of the company’s stock valued at $3,011,000 after purchasing an additional 18,269 shares in the last quarter. Geode Capital Management LLC lifted its position in BRP by 8.3% in the third quarter. Geode Capital Management LLC now owns 208,186 shares of the company’s stock worth $12,978,000 after purchasing an additional 15,892 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in BRP by 154.5% during the third quarter. CIBC Asset Management Inc now owns 116,659 shares of the company’s stock worth $7,347,000 after buying an additional 70,819 shares in the last quarter.

BRP Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.1485 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Tuesday, December 31st. BRP’s dividend payout ratio is 32.98%.

BRP Company Profile

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.