BRP FY2027 EPS Estimate Lowered by National Bank Financial

BRP Inc. (NASDAQ:DOOO) – National Bank Financial lowered their FY2027 EPS estimates for shares of BRP in a report issued on Wednesday, March 26th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings per share of $3.98 for the year, down from their previous 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.97 billion. BRP had a net margin of 2.29% and a return on equity of 61.20%.

Separately, Citigroup reiterated a “sell” rating on shares of BRP in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.80.

BRP Price Performance

DOOO stock opened at $35.46 on Friday. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 18.86 and a beta of 2.03. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19. BRP has a 52-week low of $35.36 and a 52-week high of $75.59. The stock’s fifty day simple moving average is $42.90 and its 200-day simple moving average is $49.73.

BRP Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be given a dividend of $0.1508 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Friday, April 4th. This is an increase from BRP’s previous quarterly dividend of $0.15. BRP’s payout ratio is 30.85%.

Institutional Trading of BRP

A number of institutional investors and hedge funds have recently bought and sold shares of DOOO. CIBC Asset Management Inc grew its stake in BRP by 14.0% during the fourth quarter. CIBC Asset Management Inc now owns 133,038 shares of the company’s stock worth $7,270,000 after buying an additional 16,379 shares during the period. Alberta Investment Management Corp boosted its position in BRP by 44.2% during the 4th quarter. Alberta Investment Management Corp now owns 47,300 shares of the company’s stock worth $2,408,000 after purchasing an additional 14,500 shares during the period. Van ECK Associates Corp raised its position in BRP by 699.9% in the fourth quarter. Van ECK Associates Corp now owns 76,147 shares of the company’s stock valued at $3,875,000 after purchasing an additional 66,627 shares during the period. Geode Capital Management LLC raised 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 valued at $12,978,000 after purchasing an additional 15,892 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of BRP by 13.9% during the third 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 in the last quarter.

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.