Scotiabank Comments on BRP's FY2026 Earnings (NASDAQ:DOOO)

BRP Inc. (NASDAQ:DOOO - Free Report) - Equities researchers at Scotiabank lifted their FY2026 earnings per share estimates for shares of BRP in a research report issued on Monday, June 9th. Scotiabank analyst J. Goldman now expects that the company will post earnings per share of $2.74 for the year, up from their previous estimate of $2.52. The consensus estimate for BRP's current full-year earnings is $3.15 per share.

Other research analysts have also issued research reports about the company. TD Securities upgraded BRP from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 30th. Baird R W lowered BRP from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. UBS Group reduced their price target on BRP from $45.00 to $35.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Desjardins upgraded BRP from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $43.00 price target (down previously from $48.00) on shares of BRP in a research report on Friday, April 4th. Eight research analysts have rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $38.33.

BRP Stock Performance

NASDAQ:DOOO traded down $0.33 during midday trading on Thursday, reaching $48.83. 312,890 shares of the company traded hands, compared to its average volume of 167,888. BRP has a twelve month low of $31.78 and a twelve month high of $74.00. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 25.97 and a beta of 1.23. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57. The company has a fifty day moving average price of $37.59 and a 200 day moving average price of $42.80.

BRP (NASDAQ:DOOO - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. BRP had a return on equity of 61.20% and a net margin of 2.29%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.78 billion.

Institutional Trading of BRP

A number of hedge funds and other institutional investors have recently modified their holdings of DOOO. Van ECK Associates Corp raised its position in shares of BRP by 699.9% during the fourth quarter. Van ECK Associates Corp now owns 76,147 shares of the company's stock worth $3,875,000 after purchasing an additional 66,627 shares during the period. CIBC Asset Management Inc raised its position in BRP by 14.0% during the fourth quarter. CIBC Asset Management Inc now owns 133,038 shares of the company's stock valued at $7,270,000 after buying an additional 16,379 shares during the period. Alberta Investment Management Corp raised its position in BRP by 44.2% during the fourth quarter. Alberta Investment Management Corp now owns 47,300 shares of the company's stock valued at $2,408,000 after buying an additional 14,500 shares during the period. Charles Schwab Investment Management Inc. raised its position in BRP by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,154 shares of the company's stock valued at $5,047,000 after buying an additional 3,351 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in BRP during the fourth quarter valued at $916,000.

BRP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a $0.1557 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Monday, June 30th. This is an increase from BRP's previous quarterly dividend of $0.15. BRP's payout ratio is currently -151.22%.

BRP Company Profile

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.