Scotiabank Equities Analysts Cut Earnings Estimates for BRP

BRP Inc. (NASDAQ:DOO) – Research analysts at Scotiabank cut their FY2027 earnings per share (EPS) estimates for BRP in a report released on Friday, April 17th. Scotiabank analyst J. Goldman now expects that the company will post earnings of $2.09 per share for the year, down from their prior estimate of $4.62. The consensus estimate for BRP’s current full-year earnings is $2.91 per share.

Other analysts also recently issued reports about the company. Seaport Research Partners downgraded BRP from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 15th. Canaccord Genuity Group downgraded BRP from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Citigroup reduced their price objective on BRP from $86.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday. Weiss Ratings restated a “hold (c-)” rating on shares of BRP in a research report on Monday, March 23rd. Finally, TD Securities downgraded BRP from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $85.67.

BRP Stock Performance

DOO opened at $56.49 on Wednesday. The company has a debt-to-equity ratio of 3.92, a quick ratio of 0.56 and a current ratio of 1.27. BRP has a one year low of $32.54 and a one year high of $81.89. The business’s fifty day moving average price is $69.65. The stock has a market capitalization of $4.14 billion, a P/E ratio of 19.41 and a beta of 1.15.

Hedge Funds Weigh In On BRP

Large investors have recently added to or reduced their stakes in the business. Quarry LP purchased a new position in BRP during the fourth quarter worth about $30,000. Signaturefd LLC purchased a new position in BRP during the fourth quarter worth about $43,000. Quadrant Capital Group LLC purchased a new position in BRP during the fourth quarter worth about $89,000. PNC Financial Services Group Inc. purchased a new position in BRP during the fourth quarter worth about $142,000. Finally, Intact Investment Management Inc. purchased a new position in BRP during the fourth quarter worth about $156,000.

BRP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.8%. This is a boost from BRP’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, April 10th. BRP’s dividend payout ratio (DPR) is currently 24.74%.

About BRP

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.