BRP (NASDAQ:DOO) Updates FY 2027 Earnings Guidance

Key Points

• FY2027 guidance cut: BRP forecasted EPS of $3.95–$4.66 (vs. consensus $4.40) and issued revenue guidance of $3.7–$3.8 billion, well below the consensus revenue estimate of $6.3 billion.
• Dividend hike: the company raised its quarterly dividend to $0.25 (from $0.07), implying a $1.00 annualized payout and a ~1.3% yield with a 21.7% payout ratio.
• Market and analyst response: shares traded up to $76.30 on the news; BRP has a market cap of ~$5.6B and carries an average analyst rating of "Moderate Buy" with an average target of $80.50.

BRP (NASDAQ:DOO - Get Free Report) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share guidance of 3.950-4.660 for the period, compared to the consensus earnings per share estimate of 4.400. The company issued revenue guidance of $3.7 billion-$3.8 billion, compared to the consensus revenue estimate of $6.3 billion.

BRP Price Performance

Shares of BRP stock traded up $1.73 during trading hours on Thursday, reaching $76.30. The company's stock had a trading volume of 87,233 shares, compared to its average volume of 219,572. The business's 50 day simple moving average is $72.33. BRP has a one year low of $31.78 and a one year high of $81.89. The company has a debt-to-equity ratio of 3.92, a quick ratio of 0.56 and a current ratio of 1.27. The stock has a market cap of $5.60 billion, a PE ratio of 26.28 and a beta of 1.15.

BRP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be issued a $0.25 dividend. This is a boost from BRP's previous quarterly dividend of $0.07. The ex-dividend date is Friday, April 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. BRP's payout ratio is presently 21.65%.

Wall Street Analysts Forecast Growth

DOO has been the topic of a number of research reports. Wells Fargo & Company initiated coverage on shares of BRP in a report on Wednesday, March 11th. They issued an "overweight" rating on the stock. Citigroup reduced their target price on shares of BRP from $87.00 to $86.00 and set a "buy" rating on the stock in a report on Monday, March 30th. Zacks Research upgraded shares of BRP from a "hold" rating to a "strong-buy" rating in a report on Friday, March 27th. UBS Group lifted their price target on shares of BRP from $70.00 to $75.00 and gave the stock a "neutral" rating in a research note on Friday, January 9th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of BRP in a research note on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, BRP presently has an average rating of "Moderate Buy" and an average target price of $80.50.

Hedge Funds Weigh In On BRP

A number of large investors have recently made changes to their positions in DOO. PNC Financial Services Group Inc. purchased a new position in shares of BRP during the 4th quarter worth about $142,000. Geode Capital Management LLC purchased a new position in shares of BRP during the 4th quarter worth about $4,122,000. Goldman Sachs Group Inc. purchased a new position in shares of BRP during the 4th quarter worth about $23,858,000. Cibc World Market Inc. purchased a new position in shares of BRP during the 4th quarter worth about $1,054,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in BRP in the 4th quarter valued at about $4,653,000.

About BRP

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.