BRP (NASDAQ:DOOO – Get Free Report) updated its FY 2025 earnings guidance on Sunday. The company provided earnings per share (EPS) guidance of 3.115-3.482 for the period, compared to the consensus estimate of 3.070. The company issued revenue guidance of $5.6 billion-$5.7 billion, compared to the consensus revenue estimate of $7.8 billion.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on DOOO shares. National Bank Financial cut BRP from an “outperform” rating to a “sector perform” rating in a report on Wednesday, August 21st. Citigroup reduced their price objective on BRP from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, September 9th. Stifel Nicolaus cut BRP from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Desjardins downgraded BRP from a “moderate buy” rating to a “hold” rating in a research report on Sunday, September 8th. Finally, Cibc World Mkts downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. Six research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $97.00.
BRP Stock Performance
BRP Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders 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 1.15%. The ex-dividend date is Tuesday, December 31st. BRP’s dividend payout ratio is currently 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.
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