National Bank Financial Lowers Earnings Estimates for BRP

BRP Inc. (NASDAQ:DOOO - Free Report) - Equities researchers at National Bank Financial decreased their FY2026 earnings per share estimates for BRP in a report released on Monday, February 24th. National Bank Financial analyst C. Doerksen now anticipates that the company will earn $2.84 per share for the year, down from their prior forecast of $3.20. The consensus estimate for BRP's current full-year earnings is $3.15 per share. National Bank Financial also issued estimates for BRP's FY2027 earnings at $4.07 EPS.

Separately, Citigroup lowered BRP from a "buy" rating to a "neutral" rating in a report on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $97.00.

BRP Stock Performance

Shares of DOOO stock traded up $0.52 during trading hours on Wednesday, reaching $39.65. 131,434 shares of the company's stock were exchanged, compared to its average volume of 190,893. BRP has a fifty-two week low of $38.69 and a fifty-two week high of $75.59. The stock has a market capitalization of $2.89 billion, a P/E ratio of 21.09 and a beta of 2.02. The business has a fifty day moving average price of $48.06 and a 200-day moving average price of $53.96. 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 (NASDAQ:DOOO - Get Free Report) last issued its quarterly earnings results on Friday, December 6th. The company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.35. BRP had a return on equity of 61.20% and a net margin of 2.29%.

BRP Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a $0.1485 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.59 dividend on an annualized basis and a dividend yield of 1.50%. BRP's payout ratio is 30.85%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Turtle Creek Asset Management Inc. raised its stake in shares of 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 purchasing an additional 668,607 shares in the last quarter. Capital World Investors raised its stake in 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 acquiring an additional 991,392 shares in the last quarter. Mackenzie Financial Corp raised its stake in BRP by 71.7% during the fourth quarter. Mackenzie Financial Corp now owns 1,639,265 shares of the company's stock worth $83,399,000 after acquiring an additional 684,651 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in BRP by 23.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,514,230 shares of the company's stock worth $77,223,000 after acquiring an additional 288,004 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in 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 acquiring an additional 150,039 shares in the last quarter.

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.