FY2025 Earnings Estimate for BRP Issued By Scotiabank

BRP Inc. (NASDAQ:DOOO) – Stock analysts at Scotiabank issued their FY2025 earnings per share estimates for shares of BRP in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst J. Goldman expects that the company will post earnings of $3.02 per share for the year. The consensus estimate for BRP’s current full-year earnings is $3.19 per share.

Separately, UBS Group lowered their price objective on shares of BRP from $66.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $97.00.

BRP Stock Performance

Shares of NASDAQ:DOOO opened at $50.99 on Friday. The business has a fifty day moving average of $50.11 and a 200-day moving average of $58.89. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.37 and a current ratio of 1.37. BRP has a twelve month low of $46.85 and a twelve month high of $75.59. The firm has a market cap of $3.72 billion, a PE ratio of 27.12 and a beta of 2.02.

Hedge Funds Weigh In On BRP

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its stake in shares of BRP by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 30,666 shares of the company’s stock valued at $1,964,000 after purchasing an additional 520 shares during the period. American Century Companies Inc. lifted its stake in BRP by 45.6% in the second 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. Achmea Investment Management B.V. boosted its holdings in BRP by 63.6% during the second quarter. Achmea Investment Management B.V. now owns 46,993 shares of the company’s stock worth $3,011,000 after buying an additional 18,269 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in BRP by 57.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 5,925 shares of the company’s stock worth $368,000 after buying an additional 2,165 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of BRP by 177.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 87,785 shares of the company’s stock worth $5,621,000 after buying an additional 56,110 shares during the period.

BRP Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.1485 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Tuesday, December 31st. BRP’s dividend payout ratio (DPR) is 32.98%.

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.