Scotiabank Has Negative Forecast for BRP FY2027 Earnings

BRP Inc. (TSE:DOO) – Research analysts at Scotiabank dropped their FY2027 earnings estimates for shares of BRP in a research report issued on Thursday, October 22nd. Scotiabank analyst J. Goldman now anticipates that the company will post earnings of $4.31 per share for the year, down from their prior estimate of $4.33. The consensus estimate for BRP’s current full-year earnings is $6.89 per share.

BRP (TSE:DOO) last posted its quarterly earnings data on Thursday, September 3rd. The company reported C($0.18) EPS for the quarter. BRP had a net margin of 1.21% and a return on equity of 20.51%. The firm had revenue of C$2.24 billion during the quarter.

Several other equities analysts have also issued reports on the stock. National Bank Financial upgraded shares of BRP from a “hold” rating to an “outperform” rating and boosted their target price for the company from C$98.00 to C$112.00 in a report on Thursday, September 3rd. TD upgraded BRP from a “hold” rating to a “buy” rating and increased their price target for the stock from C$92.00 to C$106.00 in a report on Wednesday, August 19th. Citigroup increased their price target on BRP from C$106.00 to C$110.00 and gave the stock a “buy” rating in a report on Tuesday, September 8th. Finally, TD Securities raised BRP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, BRP presently has an average rating of “Moderate Buy” and a consensus target price of C$103.93.

BRP Price Performance

Shares of TSE DOO opened at C$81.99 on Tuesday. BRP has a twelve month low of C$67.11 and a twelve month high of C$112.26. The firm has a fifty day simple moving average of C$82.77 and a 200 day simple moving average of C$88.78. The company has a market capitalization of C$5.83 billion, a PE ratio of 54.30, a P/E/G ratio of 2.05 and a beta of 0.79. The company has a quick ratio of 0.20, a current ratio of 1.19 and a debt-to-equity ratio of 912.53.

BRP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 13th. Shareholders of record on Tuesday, October 13th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, September 29th. BRP’s dividend payout ratio is presently 61.59%.

About BRP

BRP Inc is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds.