BRP (NASDAQ:DOOO) Releases Earnings Results, Beats Estimates By $0.35 EPS

Key Points

• BRP reported earnings of $0.67 EPS, surpassing analysts' expectations by $0.35 and updated its FY 2026 guidance to 3.090-3.460 EPS.
• The company announced an increase in its quarterly dividend to $0.215 per share, representing a yield of 1.5%.
• Institutional ownership of BRP shares has increased, with notable purchases from Geode Capital Management and British Columbia Investment Management Corp during the 2nd quarter.

BRP (NASDAQ:DOOO - Get Free Report) posted its earnings results on Friday. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.35, Zacks reports. BRP had a negative net margin of 0.55% and a positive return on equity of 54.71%. BRP updated its FY 2026 guidance to 3.090-3.460 EPS.

BRP Price Performance

DOOO opened at $57.49 on Friday. The company has a fifty day moving average price of $51.81 and a two-hundred day moving average price of $43.24. The company has a debt-to-equity ratio of 5.85, a quick ratio of 0.58 and a current ratio of 1.34. BRP has a 52 week low of $31.78 and a 52 week high of $72.52. The firm has a market capitalization of $4.20 billion, a PE ratio of -140.22 and a beta of 1.24.

BRP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.5%. This is a positive change from BRP's previous quarterly dividend of $0.16. BRP's payout ratio is currently -153.66%.

Institutional Trading of BRP

A number of institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in BRP by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 50,692 shares of the company's stock worth $2,463,000 after acquiring an additional 955 shares during the period. Raymond James Financial Inc. acquired a new stake in BRP during the 2nd quarter worth $60,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in BRP by 8.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 20,942 shares of the company's stock worth $1,017,000 after acquiring an additional 1,557 shares during the period. Acadian Asset Management LLC acquired a new stake in BRP during the 1st quarter worth $70,000. Finally, Nebula Research & Development LLC grew its holdings in BRP by 93.9% during the 2nd quarter. Nebula Research & Development LLC now owns 11,680 shares of the company's stock worth $566,000 after acquiring an additional 5,657 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DOOO. Citigroup reiterated a "neutral" rating and issued a $51.00 target price (up previously from $43.00) on shares of BRP in a research note on Monday, June 16th. Desjardins upgraded shares of BRP from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. TD Securities upgraded shares of BRP from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 30th. Stifel Canada upgraded shares of BRP from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 29th. Finally, Wall Street Zen upgraded shares of BRP from a "hold" rating to a "buy" rating in a research report on Sunday, July 6th. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $43.00.

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.

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