Desjardins Predicts BRP’s FY2026 Earnings (NASDAQ:DOOO)

BRP Inc. (NASDAQ:DOOO) – Equities research analysts at Desjardins boosted their FY2026 earnings per share (EPS) estimates for BRP in a report issued on Sunday, December 8th. Desjardins analyst B. Poirier now forecasts that the company will post earnings of $3.36 per share for the year, up from their prior forecast of $3.32. Desjardins currently has a “Hold” rating on the stock. The consensus estimate for BRP’s current full-year earnings is $2.26 per share. Desjardins also issued estimates for BRP’s FY2027 earnings at $3.98 EPS.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus cut shares of BRP from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Citigroup cut their target price on BRP from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, September 9th. Cibc World Mkts lowered shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. Scotiabank cut BRP from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, September 9th. Finally, National Bank Financial downgraded BRP from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, August 21st. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $97.00.

BRP Trading Down 2.3 %

DOOO stock opened at $51.52 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 0.37 and a debt-to-equity ratio of 4.99. BRP has a 12-month low of $46.85 and a 12-month high of $75.59. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 27.40 and a beta of 2.03. The business’s 50-day moving average is $51.73 and its 200 day moving average is $60.60.

Hedge Funds Weigh In On BRP

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE boosted its holdings in shares of BRP by 350.0% in the 3rd quarter. US Bancorp DE now owns 414 shares of the company’s stock valued at $25,000 after buying an additional 322 shares in the last quarter. Spartan Fund Management Inc. acquired a new position in BRP in the third quarter valued at $72,000. DRW Securities LLC purchased a new stake in BRP during the 3rd quarter valued at approximately $161,000. Public Employees Retirement System of Ohio acquired a new position in shares of BRP in the third quarter valued at approximately $178,000. Finally, Lake Street Advisors Group LLC purchased a new position in BRP during the 2nd quarter worth $201,000.

BRP Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be issued a $0.1485 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.59 dividend on an annualized basis and a dividend yield of 1.15%. BRP’s payout ratio is currently 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.