Desjardins Weighs in on BRP Inc.’s FY2024 Earnings (TSE:DOO)

BRP Inc. (TSE:DOOGet Rating) – Research analysts at Desjardins lifted their FY2024 EPS estimates for BRP in a research report issued to clients and investors on Wednesday, September 14th. Desjardins analyst B. Poirier now forecasts that the company will post earnings per share of $12.04 for the year, up from their previous estimate of $11.53. Desjardins has a “Buy” rating on the stock. The consensus estimate for BRP’s current full-year earnings is $12.20 per share. Desjardins also issued estimates for BRP’s FY2025 earnings at $12.66 EPS.

A number of other equities research analysts have also commented on DOO. DA Davidson dropped their price objective on shares of BRP from C$134.00 to C$122.00 and set a “buy” rating on the stock in a report on Tuesday, June 7th. Stifel Nicolaus dropped their price objective on shares of BRP from C$150.00 to C$145.00 in a report on Monday, June 6th. Raymond James raised their price objective on shares of BRP from C$135.00 to C$138.00 in a report on Thursday. Scotiabank raised their price objective on shares of BRP from C$126.00 to C$127.00 in a report on Thursday. Finally, Royal Bank of Canada raised their price objective on shares of BRP from C$113.00 to C$114.00 and gave the stock an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, BRP has an average rating of “Moderate Buy” and a consensus target price of C$135.50.

BRP Stock Performance

DOO opened at C$90.78 on Friday. The firm’s fifty day moving average is C$93.77 and its two-hundred day moving average is C$93.19. The firm has a market cap of C$7.15 billion and a PE ratio of 11.38. BRP has a twelve month low of C$73.74 and a twelve month high of C$125.00.

BRP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Wednesday, September 28th. BRP’s dividend payout ratio (DPR) is presently 7.27%.

BRP Company Profile

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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 company operates through two segments, Powersports and Marine. It offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products, such as snowmobiles and personal watercraft; and engines for jet boats, outboards, karts, motorcycles, and recreational aircraft.

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Earnings History and Estimates for BRP (TSE:DOO)

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