What is Stifel Canada's Forecast for BRP FY2028 Earnings?

Key Points

• Stifel Canada predicts BRP Inc. will achieve earnings of $5.64 per share for FY2028, significantly higher than the current consensus estimate of $3.15 per share.
• The stock has received various ratings from analysts, including a "strong-buy" from Cibc World Markets and a price target increase from Citigroup from $68.00 to $73.00.
• BRP recently raised its quarterly dividend from $0.16 to $0.215 per share, marking a positive change for shareholders.

BRP Inc. (NASDAQ:DOOO - Free Report) - Research analysts at Stifel Canada issued their FY2028 earnings estimates for shares of BRP in a research report issued on Thursday, October 9th. Stifel Canada analyst M. Landry anticipates that the company will post earnings of $5.64 per share for the year. The consensus estimate for BRP's current full-year earnings is $3.15 per share.

A number of other equities research analysts also recently weighed in on DOOO. Cibc World Mkts raised shares of BRP from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 1st. BMO Capital Markets reaffirmed an "outperform" rating on shares of BRP in a research report on Tuesday, September 2nd. Wall Street Zen downgraded shares of BRP from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Citigroup raised shares of BRP from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $68.00 to $73.00 in a research report on Wednesday, October 1st. Finally, National Bankshares set a $105.00 price objective on shares of BRP and gave the company a "sector perform" rating in a research report on Tuesday, September 2nd. Four investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.75.

BRP Price Performance

Shares of NASDAQ:DOOO opened at $63.86 on Monday. The company has a quick ratio of 0.55, a current ratio of 1.34 and a debt-to-equity ratio of 5.54. BRP has a fifty-two week low of $31.78 and a fifty-two week high of $68.42. The firm has a 50-day simple moving average of $60.72 and a 200 day simple moving average of $48.56. The company has a market cap of $4.66 billion, a PE ratio of -266.08 and a beta of 1.19.

BRP (NASDAQ:DOOO - Get Free Report) last released its earnings results on Friday, August 29th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.34. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.77 billion. BRP had a negative net margin of 0.34% and a positive return on equity of 61.26%. BRP has set its FY 2026 guidance at 3.090-3.460 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DOOO. Charles Schwab Investment Management Inc. lifted its stake in shares of BRP by 10.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 109,158 shares of the company's stock worth $3,685,000 after acquiring an additional 10,004 shares during the period. Ontario Teachers Pension Plan Board lifted its stake in shares of BRP by 31.2% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 64,941 shares of the company's stock worth $2,193,000 after acquiring an additional 15,447 shares during the period. Fiera Capital Corp raised its holdings in shares of BRP by 5.5% in the 1st quarter. Fiera Capital Corp now owns 135,330 shares of the company's stock worth $4,574,000 after purchasing an additional 7,082 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of BRP by 20.0% in the 1st quarter. National Bank of Canada FI now owns 495,657 shares of the company's stock worth $16,731,000 after purchasing an additional 82,723 shares in the last quarter. Finally, Aigen Investment Management LP bought a new stake in shares of BRP in the 1st quarter worth approximately $451,000.

BRP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from BRP's previous quarterly dividend of $0.16. BRP's dividend payout ratio (DPR) is presently -262.50%.

About BRP

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.