BRP Inc. (NASDAQ:DOOO) to Post FY2025 Earnings of $5.93 Per Share, DA Davidson Forecasts

BRP Inc. (NASDAQ:DOOO - Free Report) - Stock analysts at DA Davidson reduced their FY2025 earnings per share (EPS) estimates for shares of BRP in a report issued on Tuesday, April 2nd. DA Davidson analyst B. Rolle now forecasts that the company will post earnings per share of $5.93 for the year, down from their prior forecast of $6.64. The consensus estimate for BRP's current full-year earnings is $5.64 per share.

Other equities analysts also recently issued reports about the company. Raymond James dropped their price target on BRP from $114.00 to $108.00 and set a "strong-buy" rating on the stock in a research note on Monday. CIBC raised their price target on BRP from $106.00 to $110.00 and gave the stock an "outperformer" rating in a research note on Monday. Desjardins raised their price target on BRP from $112.00 to $137.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, TheStreet downgraded BRP from a "b-" rating to a "c+" rating in a research note on Monday, February 26th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $125.78.

BRP Stock Down 3.2 %

Shares of BRP stock traded down $2.37 on Thursday, reaching $71.77. The company's stock had a trading volume of 193,023 shares, compared to its average volume of 142,699. The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 10.22 and a beta of 2.12. The firm's fifty day simple moving average is $65.64 and its two-hundred day simple moving average is $68.65. BRP has a 52 week low of $57.15 and a 52 week high of $92.74. The company has a quick ratio of 0.41, a current ratio of 1.41 and a debt-to-equity ratio of 3.32.

Institutional Investors Weigh In On BRP

Several large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its stake in BRP by 2.7% during the second quarter. PNC Financial Services Group Inc. now owns 6,160 shares of the company's stock worth $521,000 after acquiring an additional 160 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of BRP by 0.5% during the second quarter. CIBC Asset Management Inc now owns 34,228 shares of the company's stock valued at $2,896,000 after buying an additional 160 shares during the period. Moors & Cabot Inc. boosted its position in shares of BRP by 8.2% during the first quarter. Moors & Cabot Inc. now owns 2,638 shares of the company's stock valued at $216,000 after buying an additional 200 shares during the period. Pearl River Capital LLC boosted its position in shares of BRP by 4.3% during the third quarter. Pearl River Capital LLC now owns 4,944 shares of the company's stock valued at $374,000 after buying an additional 202 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of BRP by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 14,228 shares of the company's stock valued at $876,000 after buying an additional 282 shares during the period.

BRP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 8th will be issued a $0.1545 dividend. The ex-dividend date of this dividend is Friday, April 5th. This represents a $0.62 annualized dividend and a dividend yield of 0.86%. BRP's dividend payout ratio (DPR) is 7.55%.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.