What is Scotiabank's Forecast for BRP FY2027 Earnings?

Key Points

• Scotiabank lowered its FY2027 EPS forecast for BRP to $3.07 from $3.13, while maintaining a “Sector Perform” rating. The revised estimate remains slightly above the broader consensus of $3.04 per share.
• Analyst sentiment is mixed: BRP has an average “Hold” rating based on six Buy, seven Hold, and one Sell recommendation, with an average price target of $84.
• BRP shares opened at $58.44, near their 50-day average of $59.20 and below their 52-week high of $81.89. The company also pays a quarterly dividend of C$0.25 per share, representing an annualized yield of about 1.7%.

BRP Inc. (NASDAQ:DOO - Free Report) - Investment analysts at Scotiabank decreased their FY2027 earnings per share estimates for shares of BRP in a research report issued on Thursday, October 22nd. Scotiabank analyst J. Goldman now forecasts that the company will post earnings per share of $3.07 for the year, down from their previous forecast of $3.13. Scotiabank currently has a "Sector Perform" rating on the stock. The consensus estimate for BRP's current full-year earnings is $3.04 per share.

DOO has been the topic of a number of other reports. Citigroup raised their price objective on shares of BRP from $74.00 to $77.00 and gave the company a "buy" rating in a research note on Tuesday, September 8th. Weiss Ratings downgraded shares of BRP from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, October 8th. National Bank Financial raised shares of BRP from a "sector perform" rating to an "outperform" rating in a research report on Thursday, September 3rd. Zacks Research lowered shares of BRP from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 8th. Finally, TD Securities raised shares of BRP from a "hold" rating to a "buy" rating in a research report on Tuesday, August 18th. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, BRP presently has an average rating of "Hold" and an average target price of $84.00.

BRP Stock Performance

DOO opened at $58.44 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 7.31. The company's fifty day moving average price is $59.20 and its two-hundred day moving average price is $64.05. BRP has a 1-year low of $48.83 and a 1-year high of $81.89. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 14.75 and a beta of 0.97.

Hedge Funds Weigh In On BRP

A number of hedge funds and other institutional investors have recently modified their holdings of DOO. Caitong International Asset Management Co. Ltd increased its position in shares of BRP by 4,070.6% during the second quarter. Caitong International Asset Management Co. Ltd now owns 709 shares of the company's stock valued at $43,000 after acquiring an additional 692 shares during the last quarter. Nykredit A S bought a new position in BRP in the 2nd quarter valued at $61,000. NewEdge Advisors LLC bought a new position in BRP in the 2nd quarter valued at $79,000. State of Wyoming grew its stake in BRP by 21.4% in the 2nd quarter. State of Wyoming now owns 2,317 shares of the company's stock valued at $141,000 after purchasing an additional 408 shares during the period. Finally, Persistent Asset Partners Ltd purchased a new stake in shares of BRP during the 2nd quarter valued at $214,000.

BRP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 13th. Shareholders of record on Tuesday, September 29th were given a dividend of C$0.25 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. BRP's dividend payout ratio (DPR) is currently 65.45%.

About BRP

BRP Inc is a Canadian powersports and recreational products manufacturer headquartered in Valcourt, Quebec. The company traces its origins to 1942, when Joseph-Armand Bombardier founded a business focused on tracked vehicles, and became an independent public company after separating from Bombardier Inc in 2003.

BRP develops, manufactures and distributes powersports vehicles and marine products. Its portfolio includes Ski-Doo snowmobiles, Sea-Doo personal watercraft, Can-Am side-by-side and three-wheel vehicles, Rotax engines, and marine brands such as Alumacraft and Manitou.

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