FY2027 EPS Estimates for BRP Cut by National Bank Financial

BRP Inc. (NASDAQ:DOOO - Free Report) - Equities researchers at National Bank Financial dropped their FY2027 earnings estimates for shares of BRP in a note issued to investors 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 estimate of $4.07. The consensus estimate for BRP's current full-year earnings is $3.15 per share.

BRP (NASDAQ:DOOO - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.07. The firm had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.97 billion. BRP had a return on equity of 61.20% and a net margin of 2.29%.

Separately, Citigroup reaffirmed a "sell" rating and issued a $27.00 target price (down from $29.00) on shares of BRP in a report on Friday. One investment 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's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $87.40.

BRP Price Performance

Shares of DOOO traded up $1.31 during trading hours on Friday, reaching $35.12. The company had a trading volume of 125,279 shares, compared to its average volume of 144,586. 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 50 day simple moving average of $42.17 and a 200-day simple moving average of $49.21. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 18.69 and a beta of 2.03.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Capital World Investors raised its holdings in shares of BRP by 101.2% in 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 during the last quarter. Mackenzie Financial Corp increased its position in BRP by 71.7% during the 4th quarter. Mackenzie Financial Corp now owns 1,639,265 shares of the company's stock worth $83,399,000 after purchasing an additional 684,651 shares in the last quarter. Turtle Creek Asset Management Inc. raised its stake in BRP by 29.0% in the 4th 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 during the last quarter. FIL Ltd lifted its holdings in BRP by 176.2% in the 4th quarter. FIL Ltd now owns 792,000 shares of the company's stock valued at $40,337,000 after purchasing an additional 505,228 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of BRP during the 4th quarter worth about $15,259,000.

BRP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be given a $0.1508 dividend. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from BRP's previous quarterly dividend of $0.15. This represents a $0.60 annualized dividend and a dividend yield of 1.72%. BRP's dividend payout ratio is currently -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.