Desjardins Has Strong Estimate for BRP FY2026 Earnings

BRP Inc. (NASDAQ:DOOO - Free Report) - Analysts at Desjardins increased their FY2026 earnings per share estimates for shares of BRP in a report released on Sunday, December 8th. Desjardins analyst B. Poirier now anticipates that the company will earn $3.36 per share for the year, up from their previous estimate 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 equities analysts have also recently issued research reports about the stock. Citigroup cut their target price on shares of BRP from $80.00 to $75.00 and set a "buy" rating on the stock in a report on Monday, September 9th. Stifel Nicolaus lowered BRP from a "buy" rating to a "hold" rating in a research report on Wednesday, August 21st. Cibc World Mkts lowered BRP from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 9th. National Bank Financial downgraded shares of BRP from an "outperform" rating to a "sector perform" rating in a report on Wednesday, August 21st. Finally, UBS Group lowered their price target on shares of BRP from $66.00 to $65.00 and set a "neutral" rating for the company in a research report on Friday, September 13th. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $97.00.

BRP Stock Performance

Shares of NASDAQ:DOOO traded up $0.37 on Wednesday, reaching $52.75. 140,797 shares of the company's stock were exchanged, compared to its average volume of 129,883. BRP has a fifty-two week low of $46.85 and a fifty-two week high of $75.59. The business's 50-day moving average is $51.98 and its two-hundred day moving average is $60.72. The company has a quick ratio of 0.37, a current ratio of 1.32 and a debt-to-equity ratio of 4.99. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 27.86 and a beta of 2.03.

BRP Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.1485 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.59 dividend on an annualized basis and a dividend yield of 1.13%. BRP's dividend payout ratio (DPR) is 32.98%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ceredex Value Advisors LLC lifted its position in BRP by 297.4% in the second quarter. Ceredex Value Advisors LLC now owns 173,884 shares of the company's stock worth $11,160,000 after purchasing an additional 130,131 shares during the period. Bank of New York Mellon Corp grew its position in BRP by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 30,666 shares of the company's stock worth $1,964,000 after buying an additional 520 shares during the last quarter. Cortland Associates Inc. MO bought a new position in shares of BRP in the second quarter valued at $301,000. Hantz Financial Services Inc. acquired a new stake in shares of BRP during the 2nd quarter valued at $562,000. Finally, CIBC Asset Management Inc boosted its stake in shares of BRP by 20.0% during the 2nd quarter. CIBC Asset Management Inc now owns 45,840 shares of the company's stock worth $2,935,000 after acquiring an additional 7,633 shares in the last quarter.

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.