Stifel Canada Research Analysts Decrease Earnings Estimates for BRP Inc. (NASDAQ:DOOO)

BRP Inc. (NASDAQ:DOOO) – Investment analysts at Stifel Canada dropped their FY2025 earnings per share (EPS) estimates for shares of BRP in a research report issued to clients and investors on Tuesday, August 20th. Stifel Canada analyst M. Landry now expects that the company will earn $4.53 per share for the year, down from their prior estimate of $4.54. The consensus estimate for BRP’s current full-year earnings is $4.49 per share.

BRP (NASDAQ:DOOO) last posted its earnings results on Friday, May 31st. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. BRP had a return on equity of 101.72% and a net margin of 5.87%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion.

Several other analysts also recently weighed in on the company. National Bank Financial downgraded BRP from an “outperform” rating to a “sector perform” rating in a research note on Wednesday. CIBC cut their price target on BRP from $110.00 to $100.00 and set an “outperformer” rating on the stock in a research note on Monday, June 3rd. Stifel Nicolaus downgraded BRP from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Citigroup upped their price target on BRP from $73.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $122.75.

BRP Stock Performance

BRP stock opened at $68.28 on Thursday. The company has a quick ratio of 0.46, a current ratio of 1.35 and a debt-to-equity ratio of 4.23. The company has a market capitalization of $5.06 billion, a P/E ratio of 12.35 and a beta of 2.06. The stock’s 50 day moving average is $66.63 and its 200 day moving average is $66.81. BRP has a twelve month low of $57.15 and a twelve month high of $81.19.

Institutional Trading of BRP

Several institutional investors have recently added to or reduced their stakes in DOOO. The Manufacturers Life Insurance Company boosted its stake in BRP by 539.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 559,543 shares of the company’s stock valued at $40,105,000 after purchasing an additional 471,986 shares during the last quarter. QV Investors Inc. bought a new position in shares of BRP during the 2nd quarter valued at $28,142,000. Norges Bank bought a new position in shares of BRP during the 4th quarter valued at $30,666,000. The Manufacturers Life Insurance Company lifted its holdings in shares of BRP by 61.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,076,187 shares of the company’s stock valued at $68,850,000 after buying an additional 408,692 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of BRP by 45.6% during the 2nd quarter. American Century Companies Inc. now owns 1,072,168 shares of the company’s stock valued at $68,656,000 after buying an additional 335,715 shares during the period.

BRP Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were paid a dividend of $0.152 per share. The ex-dividend date was Friday, June 28th. This represents a $0.61 annualized dividend and a yield of 0.89%. BRP’s dividend payout ratio is 11.03%.

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.