Scotiabank Has Optimistic Outlook of BRP FY2027 Earnings

BRP Inc. (NASDAQ:DOO) – Investment analysts at Scotiabank lifted their FY2027 earnings per share (EPS) estimates for shares of BRP in a report released on Thursday, September 10th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings per share of $3.13 for the year, up from their previous estimate of $2.43. Scotiabank has a “Sector Perform” rating on the stock. The consensus estimate for BRP’s current full-year earnings is $3.32 per share.

A number of other research analysts have also weighed in on the stock. Stifel Nicolaus lowered shares of BRP from a “buy” rating to a “hold” rating in a research note on Friday, May 29th. Royal Bank Of Canada restated an “outperform” rating on shares of BRP in a research report on Friday, May 29th. Citigroup raised their target price on BRP from $74.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, September 8th. Wall Street Zen lowered BRP from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of BRP in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.00.

BRP Price Performance

NASDAQ:DOO opened at $60.69 on Tuesday. The company has a 50 day moving average price of $62.50 and a 200-day moving average price of $62.37. The company has a debt-to-equity ratio of 7.31, a current ratio of 1.19 and a quick ratio of 0.52. BRP has a 1-year low of $48.83 and a 1-year high of $81.89. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 55.17 and a beta of 0.88.

BRP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Tuesday, September 29th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 29th. BRP’s dividend payout ratio is presently 65.45%.

Institutional Investors Weigh In On BRP

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Capital World Investors acquired a new stake in shares of BRP during the fourth quarter worth $158,763,000. CIBC Asset Management Inc purchased a new position in BRP during the 4th quarter worth $23,758,000. Systematic Financial Management LP acquired a new stake in shares of BRP in the 4th quarter worth $17,672,000. TD Asset Management Inc purchased a new stake in shares of BRP in the fourth quarter valued at about $17,431,000. Finally, Lazard Asset Management LLC boosted its holdings in shares of BRP by 324.1% in the first quarter. Lazard Asset Management LLC now owns 152,035 shares of the company’s stock valued at $10,931,000 after acquiring an additional 116,189 shares in the last quarter.

About BRP

BRP Inc is a Canadian manufacturer of powersports and recreational products. The company develops, manufactures, distributes and sells vehicles and related products through a portfolio of well-known brands, including Ski-Doo snowmobiles, Sea-Doo personal watercraft, Can-Am on-road and off-road vehicles, and Rotax engines and propulsion systems.

BRP also offers marine products through its boat brands, including Alumacraft, Manitou and Quintrex. Its product portfolio is supported by parts, accessories, apparel and other services designed to complement its vehicles and recreational equipment.

The company traces its origins to 1942, when Joseph-Armand Bombardier founded the business that developed the first Ski-Doo snowmobile.