National Bank Financial Lowers Earnings Estimates for BRP

BRP Inc. (NASDAQ:DOOO) – Stock analysts at National Bank Financial reduced their FY2026 earnings estimates for BRP in a research note issued on Wednesday, May 14th. National Bank Financial analyst C. Doerksen now expects that the company will post earnings per share of $2.30 for the year, down from their previous estimate of $2.43. The consensus estimate for BRP’s current full-year earnings is $3.15 per share. National Bank Financial also issued estimates for BRP’s FY2027 earnings at $3.79 EPS.

BRP (NASDAQ:DOOO) last issued its earnings results 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. BRP had a net margin of 2.29% and a return on equity of 61.20%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.97 billion.

Several other analysts have also recently weighed in on DOOO. TD Securities reiterated a “hold” rating on shares of BRP in a report on Thursday, March 27th. Citigroup upgraded shares of BRP from a “sell” rating to a “neutral” rating and lifted their price target for the company from $27.00 to $37.00 in a report on Friday, April 4th. Robert W. Baird reiterated a “neutral” rating and issued a $43.00 price target (down previously from $48.00) on shares of BRP in a report on Friday, April 4th. UBS Group cut their price target on shares of BRP from $45.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. Finally, Baird R W cut shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Ten analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, BRP has a consensus rating of “Hold” and an average price target of $53.75.

BRP Stock Performance

NASDAQ:DOOO opened at $37.41 on Friday. The stock has a market cap of $2.73 billion, a P/E ratio of 19.90 and a beta of 1.17. The firm’s fifty day simple moving average is $35.62 and its 200 day simple moving average is $43.72. BRP has a twelve month low of $31.78 and a twelve month high of $74.00. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19.

BRP Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, April 4th were given a dividend of $0.1508 per share. The ex-dividend date was Friday, April 4th. This represents a $0.60 annualized dividend and a yield of 1.61%. This is a positive change from BRP’s previous quarterly dividend of $0.15. BRP’s dividend payout ratio (DPR) is currently -29.21%.

Hedge Funds Weigh In On BRP

Several institutional investors and hedge funds have recently added to or reduced their stakes in DOOO. Quadrant Capital Group LLC lifted its position in BRP by 259.3% during the fourth quarter. Quadrant Capital Group LLC now owns 679 shares of the company’s stock valued at $35,000 after buying an additional 490 shares during the period. Signaturefd LLC lifted its position in BRP by 296.1% during the fourth quarter. Signaturefd LLC now owns 1,208 shares of the company’s stock valued at $61,000 after buying an additional 903 shares during the period. Dnca Finance lifted its position in 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 buying an additional 369 shares during the period. C M Bidwell & Associates Ltd. purchased a new position in shares of BRP in the 4th quarter worth about $77,000. Finally, State of Wyoming purchased a new position in shares of BRP in the 1st quarter worth about $93,000.

About BRP

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.