Scotiabank Has Optimistic Outlook of BRP FY2026 Earnings

BRP Inc. (NASDAQ:DOOO) – Equities researchers at Scotiabank boosted their FY2026 earnings per share (EPS) estimates for shares of BRP in a 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 forecast of $2.52. The consensus estimate for BRP’s current full-year earnings is $3.15 per share.

Several other equities analysts also recently commented on the company. Robert W. Baird reaffirmed a “neutral” rating and issued a $43.00 target price (down previously from $48.00) on shares of BRP in a research report on Friday, April 4th. Desjardins raised BRP from a “hold” rating to a “buy” rating in a report on Friday, May 30th. TD Securities upgraded BRP from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 30th. Citigroup raised shares of BRP from a “sell” rating to a “neutral” rating and boosted their target price for the company from $27.00 to $37.00 in a research report on Friday, April 4th. Finally, Baird R W lowered shares of BRP from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Eight investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, BRP has a consensus rating of “Moderate Buy” and an average price target of $38.33.

BRP Stock Down 0.7%

BRP stock opened at $48.83 on Thursday. The company’s 50-day moving average price is $37.59 and its two-hundred day moving average price is $42.80. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19. The stock has a market cap of $3.57 billion, a P/E ratio of 25.97 and a beta of 1.23. BRP has a twelve month low of $31.78 and a twelve month high of $74.00.

BRP (NASDAQ:DOOO) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.78 billion. BRP had a net margin of 2.29% and a return on equity of 61.20%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DOOO. Acadian Asset Management LLC bought a new stake in BRP during the first quarter worth about $70,000. Jane Street Group LLC raised its position in shares of BRP by 110.9% in the 1st quarter. Jane Street Group LLC now owns 138,051 shares of the company’s stock valued at $4,663,000 after buying an additional 72,581 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of BRP by 144.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 723,443 shares of the company’s stock worth $24,460,000 after acquiring an additional 427,434 shares during the period. Jones Financial Companies Lllp boosted its position in shares of BRP by 28,660.0% during the 1st quarter. Jones Financial Companies Lllp now owns 21,570 shares of the company’s stock worth $729,000 after acquiring an additional 21,495 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of BRP during the 1st quarter worth approximately $207,000.

BRP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.1557 per share. This is a positive change from BRP’s previous quarterly dividend of $0.15. This represents a $0.62 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Monday, June 30th. BRP’s dividend payout ratio is -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.