Scotiabank Has Bearish Estimate for BRP FY2027 Earnings

BRP Inc. (NASDAQ:DOO) – Research analysts at Scotiabank lowered their FY2027 EPS estimates for BRP in a report released on Thursday, October 22nd. Scotiabank analyst J. Goldman now expects that the company will post earnings of $3.07 per share for the year, down from their previous estimate of $3.13. Scotiabank has a “Sector Perform” rating on the stock. The consensus estimate for BRP’s current full-year earnings is $3.04 per share.

DOO has been the subject of a number of other reports. Wall Street Zen downgraded shares of BRP from a “buy” rating to a “hold” rating in a research report on Saturday, September 5th. Weiss Ratings cut shares of BRP from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. National Bank Financial raised shares of BRP from a “sector perform” rating to an “outperform” rating in a report on Thursday, September 3rd. TD Securities upgraded BRP from a “hold” rating to a “buy” rating in a research note on Tuesday, August 18th. Finally, Citigroup increased their price objective on BRP from $74.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, September 8th. Six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $84.00.

BRP Stock Up 0.6%

DOO opened at $58.44 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 7.31. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 14.75 and a beta of 0.97. BRP has a twelve month low of $48.83 and a twelve month high of $81.89. The company’s 50-day moving average price is $59.20 and its two-hundred day moving average price is $64.05.

Hedge Funds Weigh In On BRP

Several hedge funds have recently made changes to their positions in DOO. Lazard Asset Management LLC raised its stake in shares of BRP by 324.1% during the 1st quarter. Lazard Asset Management LLC now owns 152,035 shares of the company’s stock valued at $10,931,000 after purchasing an additional 116,189 shares during the period. The Manufacturers Life Insurance Company boosted its stake in BRP by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,078,181 shares of the company’s stock worth $65,728,000 after purchasing an additional 23,055 shares during the period. Dimensional Fund Advisors LP boosted its stake in BRP by 11.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 206,229 shares of the company’s stock worth $14,805,000 after purchasing an additional 20,786 shares during the period. Walleye Capital LLC boosted its stake in BRP by 224.1% in the 2nd quarter. Walleye Capital LLC now owns 29,035 shares of the company’s stock worth $1,772,000 after purchasing an additional 20,077 shares during the period. Finally, VELA Investment Management LLC grew its holdings in BRP by 60.7% during the 2nd quarter. VELA Investment Management LLC now owns 45,333 shares of the company’s stock valued at $2,766,000 after buying an additional 17,131 shares in the last quarter.

BRP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 13th. Shareholders of record on Tuesday, September 29th were issued a dividend of C$0.25 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. BRP’s payout ratio is presently 65.45%.

BRP Company Profile

BRP Inc is a Canadian powersports and recreational products manufacturer headquartered in Valcourt, Quebec. The company traces its origins to 1942, when Joseph-Armand Bombardier founded a business focused on tracked vehicles, and became an independent public company after separating from Bombardier Inc in 2003.

BRP develops, manufactures and distributes powersports vehicles and marine products. Its portfolio includes Ski-Doo snowmobiles, Sea-Doo personal watercraft, Can-Am side-by-side and three-wheel vehicles, Rotax engines, and marine brands such as Alumacraft and Manitou.