National Bank Financial Reduces Earnings Estimates for BRP

BRP Inc. (NASDAQ:DOOO) – Analysts at National Bank Financial lowered their FY2026 EPS estimates for shares of BRP in a research note issued on Wednesday, November 20th. National Bank Financial analyst C. Doerksen now expects that the company will post earnings per share of $3.28 for the year, down from their previous estimate of $4.38. National Bank Financial has a “Sector Perform” rating on the stock. The consensus estimate for BRP’s current full-year earnings is $2.27 per share.

Several other research firms have also recently issued reports on DOOO. Cibc World Mkts cut shares of BRP from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. Citigroup dropped 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. Stifel Nicolaus lowered BRP from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. UBS Group dropped their target price 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. Finally, Desjardins lowered BRP from a “moderate buy” rating to a “hold” rating in a research report on Sunday, September 8th. Seven investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $97.00.

BRP Trading Up 4.8 %

Shares of DOOO stock opened at $50.84 on Monday. The company’s fifty day simple moving average is $54.54 and its two-hundred day simple moving average is $62.31. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 21.10 and a beta of 2.07. The company has a debt-to-equity ratio of 4.99, a current ratio of 1.32 and a quick ratio of 0.37. BRP has a 1 year low of $46.85 and a 1 year high of $75.59.

BRP (NASDAQ:DOOO) last released its earnings results on Friday, September 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.23. BRP had a net margin of 2.78% and a return on equity of 79.58%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.35 billion.

BRP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a dividend of $0.152 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.61 annualized dividend and a yield of 1.20%. BRP’s dividend payout ratio is 25.73%.

Hedge Funds Weigh In On BRP

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD bought a new stake in shares of BRP during the 1st quarter valued at about $2,422,000. Sei Investments Co. lifted its holdings in shares of BRP by 31.3% in the second quarter. Sei Investments Co. now owns 105,163 shares of the company’s stock worth $6,734,000 after buying an additional 25,041 shares in the last quarter. Achmea Investment Management B.V. grew its position in shares of BRP by 63.6% during the second quarter. Achmea Investment Management B.V. now owns 46,993 shares of the company’s stock valued at $3,011,000 after purchasing an additional 18,269 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of BRP by 154.5% during the 3rd quarter. CIBC Asset Management Inc now owns 116,659 shares of the company’s stock worth $7,347,000 after acquiring an additional 70,819 shares in the last quarter. Finally, National Bank of Canada FI raised its stake in BRP by 13.5% during the second quarter. National Bank of Canada FI now owns 479,312 shares of the company’s stock valued at $30,455,000 after purchasing an additional 56,954 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.