National Bank Financial Cuts Earnings Estimates for BRP

BRP Inc. (NASDAQ:DOOO) – Research analysts at National Bank Financial cut their FY2025 EPS estimates for shares of BRP in a note issued to investors on Monday, February 24th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of $3.14 per share for the year, down from their prior forecast of $3.19. The consensus estimate for BRP’s current full-year earnings is $3.15 per share.

BRP (NASDAQ:DOOO) last issued its quarterly earnings results on Friday, December 6th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.35. BRP had a return on equity of 61.20% and a net margin of 2.29%.

Separately, Citigroup downgraded shares of BRP from a “buy” rating to a “neutral” rating in a research report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $97.00.

BRP Stock Down 1.3 %

Shares of NASDAQ DOOO opened at $40.40 on Thursday. BRP has a 52 week low of $40.13 and a 52 week high of $75.59. The stock’s fifty day moving average is $48.31 and its 200 day moving average is $54.06. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37. The stock has a market capitalization of $2.95 billion, a P/E ratio of 21.49 and a beta of 2.02.

Hedge Funds Weigh In On BRP

Large investors have recently bought and sold shares of the company. US Bancorp DE increased its stake in shares of BRP by 350.0% in the third quarter. US Bancorp DE now owns 414 shares of the company’s stock valued at $25,000 after buying an additional 322 shares during the period. Quadrant Capital Group LLC grew its holdings in BRP by 259.3% during the 4th quarter. Quadrant Capital Group LLC now owns 679 shares of the company’s stock worth $35,000 after acquiring an additional 490 shares during the last quarter. Signaturefd LLC increased its position in BRP by 296.1% in the 4th quarter. Signaturefd LLC now owns 1,208 shares of the company’s stock valued at $61,000 after acquiring an additional 903 shares during the period. Dnca Finance raised its stake in shares of BRP by 36.1% during the fourth quarter. Dnca Finance now owns 1,390 shares of the company’s stock valued at $71,000 after acquiring an additional 369 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of BRP during the fourth quarter worth $77,000.

BRP Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a dividend of $0.1485 per share. This represents a $0.59 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Tuesday, December 31st. BRP’s dividend payout ratio (DPR) is 30.85%.

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.