FY2025 EPS Estimates for BRP Cut by National Bank Financial

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

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

BRP Trading Down 1.3 %

DOOO stock opened at $40.40 on Thursday. The business has a fifty day moving average of $48.31 and a 200-day moving average of $54.06. The company has a market cap of $2.95 billion, a P/E ratio of 21.49 and a beta of 2.02. BRP has a twelve month low of $40.13 and a twelve month high of $75.59. 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 (NASDAQ:DOOO) last issued its quarterly earnings data on Friday, December 6th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.35. BRP had a net margin of 2.29% and a return on equity of 61.20%.

Institutional Investors Weigh In On BRP

Hedge funds have recently bought and sold shares of the company. Capital World Investors lifted its position in shares of BRP by 101.2% in the fourth quarter. Capital World Investors now owns 1,971,033 shares of the company’s stock valued at $100,386,000 after buying an additional 991,392 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in BRP by 71.7% during the 4th quarter. Mackenzie Financial Corp now owns 1,639,265 shares of the company’s stock valued at $83,399,000 after purchasing an additional 684,651 shares during the last quarter. Turtle Creek Asset Management Inc. increased its holdings in shares of BRP by 29.0% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,970,680 shares of the company’s stock valued at $151,118,000 after purchasing an additional 668,607 shares during the last quarter. FIL Ltd raised its position in shares of BRP by 176.2% in the fourth quarter. FIL Ltd now owns 792,000 shares of the company’s stock valued at $40,337,000 after purchasing an additional 505,228 shares during the period. Finally, Norges Bank acquired a new position in BRP in the 4th quarter valued at about $15,259,000.

BRP Cuts Dividend

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

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.