Equities Analysts Issue Forecasts for BRP FY2025 Earnings

BRP Inc. (NASDAQ:DOOO) – DA Davidson upped their FY2025 earnings per share (EPS) estimates for shares of BRP in a report released on Tuesday, December 10th. DA Davidson analyst B. Rolle now anticipates that the company will post earnings per share of $3.20 for the year, up from their previous forecast of $2.19. The consensus estimate for BRP’s current full-year earnings is $2.26 per share. DA Davidson also issued estimates for BRP’s FY2026 earnings at $3.91 EPS.

DOOO has been the subject of a number of other research reports. Stifel Nicolaus cut shares of BRP from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. UBS Group lowered their price target on BRP from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Cibc World Mkts lowered BRP from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. Desjardins downgraded BRP from a “moderate buy” rating to a “hold” rating in a research report on Sunday, September 8th. Finally, National Bank Financial lowered shares of BRP from an “outperform” rating to a “sector perform” rating in a report on Wednesday, August 21st. Six research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $97.00.

BRP Price Performance

Shares of NASDAQ:DOOO opened at $51.52 on Thursday. The stock has a market cap of $3.76 billion, a P/E ratio of 27.40 and a beta of 2.03. BRP has a 12 month low of $46.85 and a 12 month high of $75.59. The company has a 50 day moving average of $51.73 and a 200 day moving average of $60.60. The company has a current ratio of 1.32, a quick ratio of 0.37 and a debt-to-equity ratio of 4.99.

Hedge Funds Weigh In On BRP

Several hedge funds and other institutional investors have recently modified their holdings of DOOO. US Bancorp DE increased its stake in shares of BRP by 350.0% in the 3rd quarter. US Bancorp DE now owns 414 shares of the company’s stock worth $25,000 after acquiring an additional 322 shares in 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 worth $228,000 after purchasing an additional 337 shares during the period. Bank of New York Mellon Corp grew its holdings in BRP by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 30,666 shares of the company’s stock valued at $1,964,000 after purchasing an additional 520 shares during the period. Spartan Fund Management Inc. purchased a new stake in shares of BRP in the third quarter worth $72,000. Finally, Van ECK Associates Corp raised its holdings in BRP by 18.6% during the third quarter. Van ECK Associates Corp now owns 9,520 shares of the company’s stock valued at $567,000 after acquiring an additional 1,490 shares during the period.

BRP Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.1485 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.59 annualized dividend and a dividend yield of 1.15%. BRP’s dividend payout ratio (DPR) is presently 32.98%.

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.