FY2025 Earnings Forecast for BRP Issued By Scotiabank

BRP Inc. (NASDAQ:DOOO) – Analysts at Scotiabank issued their FY2025 earnings estimates for BRP in a note issued to 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 cut their target price on BRP from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $97.00.

BRP Price Performance

Shares of NASDAQ DOOO opened at $51.09 on Friday. The stock’s 50-day moving average is $50.11 and its two-hundred day moving average is $58.89. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 27.18 and a beta of 2.02. BRP has a 1-year low of $46.85 and a 1-year high of $75.59. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.37.

BRP Cuts Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, December 31st. This represents a $0.59 dividend on an annualized basis and a dividend yield of 1.16%. BRP’s dividend payout ratio (DPR) is presently 32.98%.

Institutional Investors Weigh In On BRP

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE lifted its stake in BRP by 350.0% in the 3rd quarter. US Bancorp DE now owns 414 shares of the company’s stock valued at $25,000 after buying an additional 322 shares in the last quarter. Spartan Fund Management Inc. purchased a new position in shares of BRP in the 3rd quarter worth $72,000. DRW Securities LLC acquired a new position in shares of BRP in the 3rd quarter valued at about $161,000. Public Employees Retirement System of Ohio purchased a new stake in BRP during the third quarter worth approximately $178,000. Finally, Intech Investment Management LLC acquired a new stake in shares of BRP in the second quarter valued at about $209,000.

About BRP

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.