National Bank Financial Decreases Earnings Estimates for BRP

BRP Inc. (NASDAQ:DOOO) – Research analysts at National Bank Financial dropped their FY2027 earnings per share (EPS) estimates for 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 released 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. BRP had a net margin of 2.29% and a return on equity of 61.20%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.97 billion.

Separately, Citigroup reiterated a “sell” rating and issued a $27.00 price objective (down previously from $29.00) on shares of BRP in a research note 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $87.40.

BRP Trading Down 4.1 %

NASDAQ:DOOO opened at $34.00 on Friday. The stock has a fifty day moving average price of $42.54 and a 200 day moving average price of $49.50. The company has a current ratio of 1.37, a quick ratio of 0.57 and a debt-to-equity ratio of 5.19. BRP has a 12-month low of $33.05 and a 12-month high of $75.59. The firm has a market cap of $2.48 billion, a PE ratio of 18.09 and a beta of 2.03.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Turtle Creek Asset Management Inc. boosted its stake in BRP by 29.0% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,970,680 shares of the company’s stock valued at $151,118,000 after acquiring an additional 668,607 shares in the last quarter. Capital World Investors increased its position 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 purchasing an additional 991,392 shares in the last quarter. Mackenzie Financial Corp lifted its holdings 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 position in shares of BRP by 23.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,514,230 shares of the company’s stock valued at $77,223,000 after purchasing an additional 288,004 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of BRP by 13.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,226,226 shares of the company’s stock valued at $73,027,000 after purchasing an additional 150,039 shares during the period.

BRP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be issued a $0.1508 dividend. This is a boost from BRP’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, April 4th. This represents a $0.60 annualized dividend and a dividend yield of 1.77%. BRP’s dividend payout ratio is presently -29.21%.

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.