BRP (NASDAQ:DOOO) Releases FY25 Earnings Guidance

BRP (NASDAQ:DOOO - Get Free Report) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of CAD7.25-8.25 for the period, compared to the consensus estimate of $9.00. The company issued revenue guidance of CAD9.1-9.5 billion, compared to the consensus revenue estimate of $10.01 billion. BRP also updated its FY 2025 guidance to 5.370-6.110 EPS.

BRP Stock Up 5.4 %

Shares of DOOO stock traded up $3.45 during trading hours on Thursday, reaching $67.10. The company had a trading volume of 468,462 shares, compared to its average volume of 135,590. BRP has a 12 month low of $57.15 and a 12 month high of $92.74. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.40 and a quick ratio of 0.41. The business has a fifty day simple moving average of $65.26 and a 200-day simple moving average of $68.78. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 7.96 and a beta of 2.12.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. TheStreet lowered BRP from a b- rating to a c+ rating in a report on Monday, February 26th. Canaccord Genuity Group lowered BRP from a buy rating to a hold rating in a report on Friday, December 1st. Finally, UBS Group lowered BRP from a buy rating to a neutral rating in a report on Monday, December 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $129.88.

Institutional Trading of BRP

Several hedge funds have recently made changes to their positions in DOOO. PNC Financial Services Group Inc. raised its stake in shares of BRP by 11.0% in the first quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company's stock valued at $462,000 after buying an additional 560 shares during the period. Dimensional Fund Advisors LP grew its position in shares of BRP by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 12,914 shares of the company's stock valued at $1,056,000 after purchasing an additional 583 shares in the last quarter. Moors & Cabot Inc. grew its position in shares of BRP by 8.2% in the first quarter. Moors & Cabot Inc. now owns 2,638 shares of the company's stock valued at $216,000 after purchasing an additional 200 shares in the last quarter. Vanguard Group Inc. grew its position in shares of BRP by 2.6% in the first quarter. Vanguard Group Inc. now owns 1,200,665 shares of the company's stock valued at $98,202,000 after purchasing an additional 30,978 shares in the last quarter. Finally, Ergoteles LLC purchased a new position in shares of BRP in the first quarter valued at $425,000.

About BRP

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.