BRP (NASDAQ:DOOO) Issues FY25 Earnings Guidance

BRP (NASDAQ:DOOO) issued an update on its FY25 earnings guidance on Thursday morning. The company provided EPS guidance of CAD7.25-8.25 for the period, compared to the consensus EPS estimate of $9.00. The company issued revenue guidance of CAD9.1-9.5 billion, compared to the consensus revenue estimate of $10.01 billion. BRP also updated its FY 2025 guidance to 5.370-6.110 EPS.

BRP Stock Performance

Shares of NASDAQ DOOO opened at $67.10 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.41 and a debt-to-equity ratio of 4.00. The stock’s 50-day moving average is $65.24 and its 200 day moving average is $68.77. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 7.82 and a beta of 2.12. BRP has a 1-year low of $57.15 and a 1-year high of $92.74.

BRP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be paid a $0.1545 dividend. The ex-dividend date of this dividend is Friday, April 5th. This represents a $0.62 dividend on an annualized basis and a yield of 0.92%. BRP’s dividend payout ratio (DPR) is currently 6.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DOOO. Canaccord Genuity Group cut BRP from a buy rating to a hold rating in a research note on Friday, December 1st. UBS Group cut BRP from a buy rating to a neutral rating in a research note on Monday, December 4th. Finally, TheStreet cut BRP from a b- rating to a c+ rating in a research note on Monday, February 26th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $129.88.

Institutional Investors Weigh In On BRP

A number of large investors have recently made changes to their positions in DOOO. Group One Trading L.P. bought a new stake in shares of BRP in the 1st quarter worth approximately $52,000. State of Wyoming grew its position in shares of BRP by 126.5% in the 4th quarter. State of Wyoming now owns 845 shares of the company’s stock worth $65,000 after buying an additional 472 shares during the last quarter. Power Corp of Canada bought a new stake in shares of BRP in the 1st quarter worth approximately $69,000. Ensign Peak Advisors Inc bought a new stake in shares of BRP in the 3rd quarter worth approximately $93,000. Finally, BNP Paribas Arbitrage SA bought a new stake in shares of BRP in the 2nd quarter worth approximately $94,000.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.