National Bank Financial Lowers Earnings Estimates for BRP

BRP Inc. (NASDAQ:DOOO) – Stock analysts at National Bank Financial lowered their FY2027 earnings per share estimates for BRP in a research note issued to investors on Wednesday, March 26th. National Bank Financial analyst C. Doerksen now expects that the company will earn $3.98 per share for the year, down from their prior forecast of $4.07. The consensus estimate for BRP’s current full-year earnings is $3.15 per share.

BRP (NASDAQ:DOOO) last announced its earnings results on Wednesday, March 26th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.07. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.97 billion. BRP had a return on equity of 61.20% and a net margin of 2.29%.

Separately, Citigroup reissued a “sell” rating and set a $27.00 target price (down previously from $29.00) on shares of BRP in a report on Friday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $87.40.

BRP Stock Down 4.1 %

DOOO opened at $34.00 on Friday. The company has a market cap of $2.48 billion, a PE ratio of 18.09 and a beta of 2.03. BRP has a twelve month low of $33.05 and a twelve month high of $75.59. The company has a 50-day moving average price of $42.54 and a 200 day moving average price of $49.56. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19.

Hedge Funds Weigh In On BRP

Several institutional investors and hedge funds have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in BRP by 0.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,827 shares of the company’s stock valued at $1,823,000 after acquiring an additional 293 shares during the last quarter. Quantbot Technologies LP lifted its stake in shares of BRP by 9.7% in the 3rd quarter. Quantbot Technologies LP now owns 3,827 shares of the company’s stock valued at $228,000 after purchasing an additional 337 shares during the last quarter. Dnca Finance increased its position in shares of BRP by 36.1% during the 4th quarter. Dnca Finance now owns 1,390 shares of the company’s stock worth $71,000 after purchasing an additional 369 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in BRP by 259.3% in the 4th quarter. Quadrant Capital Group LLC now owns 679 shares of the company’s stock valued at $35,000 after buying an additional 490 shares during the period. Finally, Signaturefd LLC boosted its stake in BRP by 296.1% during the fourth quarter. Signaturefd LLC now owns 1,208 shares of the company’s stock worth $61,000 after buying an additional 903 shares during the period.

BRP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 4th will be issued a $0.1508 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.77%. This is a positive change from BRP’s previous quarterly dividend of $0.15. BRP’s dividend payout ratio is currently 30.85%.

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.