What is Scotiabank’s Forecast for BRP FY2027 Earnings?

BRP Inc. (TSE:DOO) – Scotiabank reduced their FY2027 earnings per share (EPS) estimates for BRP in a report released on Friday, April 17th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings of $2.86 per share for the year, down from their previous forecast of $6.41. The consensus estimate for BRP’s current full-year earnings is $6.89 per share.

Several other equities analysts have also issued reports on the company. Raymond James Financial cut their target price on BRP from C$117.00 to C$115.00 in a research note on Friday, March 27th. Canaccord Genuity Group lowered BRP from a “buy” rating to a “hold” rating and cut their target price for the company from C$118.00 to C$90.00 in a research note on Wednesday, April 15th. Citigroup cut their target price on BRP from C$119.00 to C$102.00 and set a “buy” rating on the stock in a research note on Monday. Desjardins cut their target price on BRP from C$138.00 to C$97.00 and set a “buy” rating on the stock in a research note on Thursday, April 16th. Finally, TD lowered BRP from a “buy” rating to a “hold” rating and cut their target price for the company from C$119.00 to C$84.00 in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, BRP has an average rating of “Moderate Buy” and an average target price of C$105.20.

BRP Stock Performance

DOO stock opened at C$77.31 on Wednesday. The company has a debt-to-equity ratio of 443.59, a current ratio of 1.27 and a quick ratio of 0.20. The business has a 50-day moving average price of C$95.63 and a 200 day moving average price of C$97.42. The company has a market capitalization of C$5.65 billion, a P/E ratio of 19.57, a PEG ratio of 2.05 and a beta of 0.94. BRP has a 1-year low of C$44.98 and a 1-year high of C$112.26.

BRP (TSE:DOO) last released its quarterly earnings data on Thursday, March 26th. The company reported C$2.21 earnings per share for the quarter. The firm had revenue of C$2.46 billion during the quarter. BRP had a return on equity of 54.95% and a net margin of 3.45%.

BRP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 24th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, April 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. BRP’s payout ratio is presently 21.77%.

About BRP

BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after discontinuing the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia).