National Bank Financial Expects Reduced Earnings for BRP

BRP Inc. (NASDAQ:DOOO) – Equities research analysts at National Bank Financial decreased their FY2025 earnings per share estimates for BRP in a research report issued to clients and investors on Monday, February 24th. National Bank Financial analyst C. Doerksen now expects that the company will post earnings of $3.14 per share for the year, down from their prior estimate of $3.19. The consensus estimate for BRP’s current full-year earnings is $3.15 per share.

Separately, Citigroup lowered BRP from a “buy” rating to a “neutral” rating in a report on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, BRP has a consensus rating of “Hold” and a consensus price target of $97.00.

BRP Price Performance

NASDAQ DOOO opened at $39.13 on Thursday. The company has a market cap of $2.86 billion, a PE ratio of 20.81 and a beta of 2.02. The firm’s 50 day moving average price is $48.06 and its 200-day moving average price is $53.96. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37. BRP has a 52-week low of $39.05 and a 52-week high of $75.59.

BRP (NASDAQ:DOOO) last posted its quarterly earnings results on Friday, December 6th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.35. BRP had a return on equity of 61.20% and a net margin of 2.29%.

Hedge Funds Weigh In On BRP

Large investors have recently made changes to their positions in the business. Turtle Creek Asset Management Inc. grew its stake in BRP by 29.0% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,970,680 shares of the company’s stock worth $151,118,000 after buying an additional 668,607 shares during the last quarter. Capital World Investors grew its stake in shares of BRP by 101.2% during the fourth quarter. Capital World Investors now owns 1,971,033 shares of the company’s stock worth $100,386,000 after acquiring an additional 991,392 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of BRP by 71.7% in the 4th quarter. Mackenzie Financial Corp now owns 1,639,265 shares of the company’s stock valued at $83,399,000 after purchasing an additional 684,651 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in BRP by 23.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,514,230 shares of the company’s stock worth $77,223,000 after purchasing an additional 288,004 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in BRP by 13.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,226,226 shares of the company’s stock worth $73,027,000 after purchasing an additional 150,039 shares during the last quarter.

BRP Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a $0.1485 dividend. This represents a $0.59 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Tuesday, December 31st. BRP’s dividend payout ratio is currently 30.85%.

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.