What is Scotiabank’s Forecast for BRP FY2025 Earnings?

BRP Inc. (NASDAQ:DOOO) – Scotiabank issued their FY2025 EPS estimates for shares of BRP in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst J. Goldman forecasts that the company will earn $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 price target on BRP from $66.00 to $65.00 and set a “neutral” rating for the company in a research note 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $97.00.

BRP Price Performance

Shares of NASDAQ:DOOO opened at $51.09 on Friday. The business has a fifty day simple moving average of $50.11 and a 200 day simple moving average of $58.89. The company has a current ratio of 1.37, a quick ratio of 0.37 and a debt-to-equity ratio of 5.19. BRP has a 1 year low of $46.85 and a 1 year high of $75.59. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 27.18 and a beta of 2.02.

Hedge Funds Weigh In On BRP

Hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its position in shares of BRP by 13.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,226,226 shares of the company’s stock worth $73,027,000 after buying an additional 150,039 shares during the period. American Century Companies Inc. increased its stake in shares of BRP by 45.6% in the 2nd 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. Franklin Resources Inc. lifted its holdings in BRP by 41.5% in the third quarter. Franklin Resources Inc. now owns 731,268 shares of the company’s stock valued at $43,461,000 after buying an additional 214,626 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in BRP by 17.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 405,978 shares of the company’s stock valued at $24,159,000 after purchasing an additional 61,502 shares during the last quarter. Finally, Ceredex Value Advisors LLC increased its stake in shares of BRP by 27.5% in the 3rd quarter. Ceredex Value Advisors LLC now owns 221,684 shares of the company’s stock valued at $13,233,000 after acquiring an additional 47,800 shares during the last quarter.

BRP Cuts Dividend

The firm 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 $0.1485 dividend. 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 payout ratio is presently 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.