Desjardins Comments on BRP's Q2 Earnings (NASDAQ:DOOO)

BRP Inc. (NASDAQ:DOOO - Free Report) - Desjardins reduced their Q2 2026 earnings per share (EPS) estimates for BRP in a report released on Thursday, May 29th. Desjardins analyst B. Poirier now anticipates that the company will post earnings of $0.35 per share for the quarter, down from their previous forecast of $0.44. Desjardins currently has a "Buy" rating on the stock. The consensus estimate for BRP's current full-year earnings is $3.15 per share. Desjardins also issued estimates for BRP's Q4 2026 earnings at $0.94 EPS and FY2027 earnings at $3.15 EPS.

BRP (NASDAQ:DOOO - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. BRP had a net margin of 2.29% and a return on equity of 61.20%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.78 billion.

A number of other equities research analysts have also recently weighed in on the company. Raymond James restated a "strong-buy" rating on shares of BRP in a research note on Thursday, March 27th. Wall Street Zen upgraded shares of BRP from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Baird R W cut shares of BRP from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Stifel Canada raised shares of BRP from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 29th. Finally, Citigroup raised shares of BRP from a "sell" rating to a "neutral" rating and raised their price target for the stock from $27.00 to $37.00 in a report on Friday, April 4th. Eight investment analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, BRP currently has an average rating of "Moderate Buy" and a consensus price target of $38.33.

BRP Stock Up 1.0%

NASDAQ:DOOO traded up $0.47 during trading hours on Monday, reaching $47.06. The company's stock had a trading volume of 166,002 shares, compared to its average volume of 165,441. The company has a market capitalization of $3.44 billion, a P/E ratio of 25.03 and a beta of 1.17. BRP has a 12 month low of $31.78 and a 12 month high of $74.00. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37. The stock has a 50 day moving average price of $36.35 and a two-hundred day moving average price of $42.82.

BRP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be given a $0.1557 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.62 dividend on an annualized basis and a yield of 1.32%. This is a positive change from BRP's previous quarterly dividend of $0.15. BRP's dividend payout ratio is currently -143.90%.

Hedge Funds Weigh In On BRP

Several hedge funds and other institutional investors have recently bought and sold shares of DOOO. Capital World Investors lifted its stake in BRP by 101.2% during the 4th quarter. Capital World Investors now owns 1,971,033 shares of the company's stock valued at $100,386,000 after acquiring an additional 991,392 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of BRP by 71.7% in the 4th quarter. Mackenzie Financial Corp now owns 1,639,265 shares of the company's stock valued at $83,399,000 after acquiring an additional 684,651 shares during the last quarter. Turtle Creek Asset Management Inc. boosted its holdings in shares of BRP by 29.0% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,970,680 shares of the company's stock valued at $151,118,000 after acquiring an additional 668,607 shares during the last quarter. FIL Ltd boosted its holdings in shares of BRP by 176.2% in the 4th quarter. FIL Ltd now owns 792,000 shares of the company's stock valued at $40,337,000 after acquiring an additional 505,228 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of BRP by 144.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 723,443 shares of the company's stock valued at $24,460,000 after acquiring an additional 427,434 shares during the last quarter.

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.