BRP (NASDAQ:DOOO) Issues Earnings Results

BRP (NASDAQ:DOOO) posted its quarterly earnings data on Thursday. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.27, Zacks reports. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.50 billion. BRP had a negative net margin of 0.34% and a positive return on equity of 61.26%. The business’s revenue was up 14.0% compared to the same quarter last year. BRP updated its FY 2026 guidance to 3.600-3.600 EPS.

BRP Stock Up 6.4%

NASDAQ DOOO opened at $75.29 on Friday. BRP has a twelve month low of $31.78 and a twelve month high of $78.07. The stock has a market cap of $5.50 billion, a PE ratio of -313.71 and a beta of 1.26. The firm has a 50-day simple moving average of $65.55 and a 200 day simple moving average of $56.83. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.55 and a current ratio of 1.34.

BRP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. BRP’s dividend payout ratio is currently -258.33%.

Institutional Investors Weigh In On BRP

Large investors have recently modified their holdings of the stock. Tidal Investments LLC bought a new stake in BRP in the second quarter valued at $290,000. Select Equity Group L.P. acquired a new stake in shares of BRP during the second quarter worth about $1,793,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of BRP by 8.0% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 20,942 shares of the company’s stock valued at $1,017,000 after purchasing an additional 1,557 shares in the last quarter. Raymond James Financial Inc. acquired a new position in BRP during the second quarter valued at approximately $60,000. Finally, Alliancebernstein L.P. increased its position in BRP by 7.3% during the second quarter. Alliancebernstein L.P. now owns 476,328 shares of the company’s stock worth $23,088,000 after buying an additional 32,424 shares during the last quarter.

Analyst Ratings Changes

Several research firms recently commented on DOOO. BMO Capital Markets reissued an “outperform” rating on shares of BRP in a research note on Tuesday, September 2nd. Zacks Research downgraded BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Natl Bk Canada raised shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Thursday. TD Securities reissued a “buy” rating on shares of BRP in a research note on Thursday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of BRP in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, BRP presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.60.

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.