DA Davidson Has Positive Outlook of BRP FY2025 Earnings

BRP Inc. (NASDAQ:DOOO - Free Report) - Stock analysts at DA Davidson boosted their FY2025 earnings per share (EPS) estimates for shares of BRP in a research report issued on Tuesday, December 10th. DA Davidson analyst B. Rolle now forecasts that the company will post earnings of $3.20 per share 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.

A number of other equities research analysts have also recently issued reports on the stock. Cibc World Mkts cut shares of BRP from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 9th. National Bank Financial lowered shares of BRP from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, August 21st. Desjardins downgraded shares of BRP from a "moderate buy" rating to a "hold" rating in a research report on Sunday, September 8th. Scotiabank cut BRP from a "sector outperform" rating to a "sector perform" rating in a report on Monday, September 9th. Finally, Citigroup cut their price objective on BRP from $80.00 to $75.00 and set a "buy" rating for the company in a research note on Monday, September 9th. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, BRP presently has a consensus rating of "Hold" and a consensus price target of $97.00.

BRP Price Performance

DOOO traded down $1.23 during trading on Thursday, hitting $51.52. The company's stock had a trading volume of 122,412 shares, compared to its average volume of 129,755. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 28.06 and a beta of 2.03. BRP has a twelve month low of $46.85 and a twelve month high of $75.59. The business's fifty day simple moving average is $51.87 and its 200 day simple moving average is $60.66. The company has a current ratio of 1.32, a quick ratio of 0.37 and a debt-to-equity ratio of 4.99.

Institutional Trading of BRP

A number of hedge funds have recently bought and sold shares of the business. US Bancorp DE raised its holdings in 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 acquiring an additional 322 shares during the last quarter. Quantbot Technologies LP raised its holdings in BRP by 9.7% in the 3rd quarter. Quantbot Technologies LP now owns 3,827 shares of the company's stock valued at $228,000 after acquiring an additional 337 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in BRP by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 30,666 shares of the company's stock valued at $1,964,000 after acquiring an additional 520 shares during the last quarter. Spartan Fund Management Inc. acquired a new stake in BRP in the 3rd quarter valued at about $72,000. Finally, Van ECK Associates Corp raised its holdings in BRP by 18.6% in the 3rd 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 last quarter.

BRP Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be issued a $0.1485 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.59 dividend on an annualized basis and a yield of 1.15%. BRP's payout ratio is 32.98%.

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.