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

BRP Inc. (NASDAQ:DOOO - Free Report) - Investment analysts at Desjardins dropped their Q2 2026 earnings per share estimates for BRP in a research report issued to clients and investors on Thursday, May 29th. Desjardins analyst B. Poirier now forecasts that the company will post earnings per share of $0.35 for the quarter, down from their prior forecast of $0.44. Desjardins 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 issued its earnings results on Thursday, May 29th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.78 billion. BRP had a return on equity of 61.20% and a net margin of 2.29%.

A number of other research firms also recently commented on DOOO. Citigroup raised shares of BRP from a "sell" rating to a "neutral" rating and increased their target price for the company from $27.00 to $37.00 in a research report on Friday, April 4th. Wall Street Zen raised BRP from a "hold" rating to a "buy" rating in a report on Friday. Raymond James reiterated a "strong-buy" rating on shares of BRP in a research report on Thursday, March 27th. Baird R W downgraded BRP from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Stifel Canada upgraded BRP from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 29th. Eight research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $53.75.

BRP Stock Up 1.6%

BRP stock traded up $0.70 during mid-day trading on Monday, hitting $45.24. The company had a trading volume of 173,083 shares, compared to its average volume of 165,455. 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 has a 1 year low of $31.78 and a 1 year high of $74.00. The business has a fifty day moving average of $35.64 and a 200 day moving average of $42.79. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 24.06 and a beta of 1.17.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Turtle Creek Asset Management Inc. raised its stake in shares of BRP by 29.0% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,970,680 shares of the company's stock worth $151,118,000 after buying an additional 668,607 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in BRP by 14.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,744,879 shares of the company's stock valued at $92,805,000 after acquiring an additional 346,114 shares during the period. Capital World Investors lifted its holdings in 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 acquiring an additional 991,392 shares during the period. Mackenzie Financial Corp boosted its position in shares of BRP by 15.0% during the 1st quarter. Mackenzie Financial Corp now owns 1,884,728 shares of the company's stock worth $63,636,000 after purchasing an additional 245,463 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of BRP by 23.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,514,230 shares of the company's stock worth $77,223,000 after purchasing an additional 288,004 shares during the period.

BRP Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.1557 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.38%. This is a positive change from BRP's previous quarterly dividend of $0.15. The ex-dividend date is Monday, June 30th. BRP's payout ratio is -143.90%.

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.