National Bank Financial Reduces Earnings Estimates for BRP

BRP Inc. (NASDAQ:DOOO) – Investment analysts at National Bank Financial cut their FY2027 earnings estimates for shares of BRP in a research report issued on Wednesday, March 26th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of $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 released its quarterly earnings results on Wednesday, March 26th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.62 by $0.07. BRP had a return on equity of 61.20% and a net margin of 2.29%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.97 billion.

Separately, Citigroup reiterated a “sell” rating on shares of BRP in a research note on Friday. One 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $87.80.

BRP Stock Performance

Shares of DOOO opened at $35.46 on Friday. The firm has a market cap 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. The business’s 50 day moving average is $42.90 and its two-hundred day moving average is $49.73. BRP has a 52-week low of $35.36 and a 52-week high of $75.59.

BRP Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of BRP by 0.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,827 shares of the company’s stock worth $1,823,000 after acquiring an additional 293 shares during the period. Quantbot Technologies LP grew its position in BRP by 9.7% in the 3rd quarter. Quantbot Technologies LP now owns 3,827 shares of the company’s stock worth $228,000 after purchasing an additional 337 shares during the last quarter. Dnca Finance increased its stake in shares of BRP by 36.1% in the fourth quarter. Dnca Finance now owns 1,390 shares of the company’s stock valued at $71,000 after purchasing an additional 369 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of BRP by 259.3% during the fourth 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 last quarter. Finally, Signaturefd LLC boosted its position in shares of 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 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.