Desjardins Issues Optimistic Forecast for BRP Earnings

Key Points

• Desjardins analysts have raised their Q3 2026 earnings per share (EPS) estimate for BRP Inc. to $0.89, reflecting increased optimism about the company's financial performance.
• BRP recently reported earnings of $0.67 per share for its last quarter, significantly exceeding the consensus estimate of $0.33.
• The company has announced an increase in its quarterly dividend to $0.215 per share, which represents a 1.3% dividend yield.

BRP Inc. (NASDAQ:DOOO - Free Report) - Research analysts at Desjardins increased their Q3 2026 earnings per share (EPS) estimates for shares of BRP in a research report issued to clients and investors on Friday, October 10th. Desjardins analyst B. Poirier now forecasts that the company will post earnings of $0.89 per share for the quarter, up from their prior estimate of $0.86. 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 $1.49 EPS, FY2026 earnings at $3.38 EPS, FY2027 earnings at $4.46 EPS and FY2028 earnings at $5.82 EPS.

BRP (NASDAQ:DOOO - Get Free Report) last released its quarterly earnings results on Friday, August 29th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.34. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.77 billion. BRP had a positive return on equity of 61.26% and a negative net margin of 0.34%. BRP has set its FY 2026 guidance at 3.090-3.460 EPS.

A number of other analysts also recently weighed in on the company. Zacks Research upgraded BRP from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 2nd. Citigroup upgraded BRP from a "neutral" rating to a "buy" rating and upped their target price for the company from $68.00 to $73.00 in a research report on Wednesday, October 1st. UBS Group upped their target price on BRP from $35.00 to $70.00 and gave the company a "neutral" rating in a research report on Friday, September 5th. TD Securities reiterated a "buy" rating on shares of BRP in a research report on Tuesday, September 2nd. Finally, Wall Street Zen downgraded BRP from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Four equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, BRP has an average rating of "Moderate Buy" and an average target price of $72.75.

BRP Stock Performance

DOOO opened at $63.86 on Monday. The business has a fifty day simple moving average of $60.72 and a 200 day simple moving average of $48.56. The company has a market capitalization of $4.66 billion, a PE ratio of -266.08 and a beta of 1.19. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.34 and a quick ratio of 0.55. BRP has a 1 year low of $31.78 and a 1 year high of $68.42.

Institutional Trading of BRP

Several institutional investors and hedge funds have recently modified their holdings of DOOO. Osaic Holdings Inc. lifted its position in shares of BRP by 905.8% during the 2nd quarter. Osaic Holdings Inc. now owns 694 shares of the company's stock worth $34,000 after buying an additional 625 shares during the last quarter. Sagard Holdings Management Inc. bought a new stake in shares of BRP during the 2nd quarter worth $41,000. Raymond James Financial Inc. acquired a new position in BRP in the 2nd quarter worth about $60,000. Acadian Asset Management LLC acquired a new position in BRP in the 1st quarter worth about $70,000. Finally, State of Wyoming acquired a new position in BRP in the 1st quarter worth about $93,000.

BRP Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a dividend of $0.215 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.86 annualized dividend and a dividend yield of 1.3%. This is an increase from BRP's previous quarterly dividend of $0.16. BRP's dividend payout ratio is currently -262.50%.

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.

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