Scotiabank Has Positive Estimate for BRP FY2027 Earnings

Key Points

• Scotiabank raised its FY2027 EPS estimate for BRP to $3.13 from $2.43, while maintaining a “Sector Perform” rating. The new forecast remains below the $3.32 consensus estimate.
• Analyst sentiment is mixed but leans positive, with BRP holding a consensus “Moderate Buy” rating and an average price target of $84, compared with shares recently trading near $60.69.
• BRP announced a quarterly dividend of $0.25 per share, or $1.00 annualized, representing a 1.6% yield; the dividend will be paid October 13 to shareholders of record September 29.

BRP Inc. (NASDAQ:DOO - Free Report) - Scotiabank increased their FY2027 earnings per share (EPS) estimates for BRP in a research report issued on Thursday, September 10th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings of $3.13 per share for the year, up from their previous forecast of $2.43. Scotiabank has a "Sector Perform" rating on the stock. The consensus estimate for BRP's current full-year earnings is $3.32 per share.

A number of other research analysts have also recently issued reports on DOO. Weiss Ratings cut BRP from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, September 3rd. Wall Street Zen downgraded shares of BRP from a "buy" rating to a "hold" rating in a research note on Saturday, September 5th. UBS Group cut their target price on BRP from $78.00 to $68.00 and set a "neutral" rating on the stock in a research note on Friday, June 5th. TD Securities raised BRP from a "hold" rating to a "buy" rating in a research note on Tuesday, August 18th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of BRP in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $84.00.

BRP Price Performance

Shares of BRP stock opened at $60.69 on Tuesday. The company has a debt-to-equity ratio of 7.31, a quick ratio of 0.52 and a current ratio of 1.19. BRP has a 52-week low of $48.83 and a 52-week high of $81.89. The company has a fifty day moving average of $62.50 and a 200-day moving average of $62.37. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 55.17 and a beta of 0.88.

Institutional Trading of BRP

Hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in shares of BRP by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,078,181 shares of the company's stock valued at $65,728,000 after purchasing an additional 23,055 shares during the last quarter. Tidal Investments LLC grew its position in BRP by 65.4% in the 2nd quarter. Tidal Investments LLC now owns 15,415 shares of the company's stock valued at $941,000 after acquiring an additional 6,095 shares during the last quarter. NewEdge Advisors LLC purchased a new position in BRP in the 2nd quarter worth about $79,000. Nykredit A S purchased a new position in shares of BRP during the second quarter worth approximately $61,000. Finally, Allianz Asset Management GmbH increased its holdings in BRP by 24.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 60,855 shares of the company's stock worth $3,716,000 after purchasing an additional 11,966 shares during the period.

BRP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 13th. Investors of record on Tuesday, September 29th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 29th. BRP's dividend payout ratio (DPR) is currently 65.45%.

About BRP

BRP Inc is a Canadian manufacturer of powersports and recreational products. The company develops, manufactures, distributes and sells vehicles and related products through a portfolio of well-known brands, including Ski-Doo snowmobiles, Sea-Doo personal watercraft, Can-Am on-road and off-road vehicles, and Rotax engines and propulsion systems.

BRP also offers marine products through its boat brands, including Alumacraft, Manitou and Quintrex. Its product portfolio is supported by parts, accessories, apparel and other services designed to complement its vehicles and recreational equipment.

The company traces its origins to 1942, when Joseph-Armand Bombardier founded the business that developed the first Ski-Doo snowmobile.

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.