National Bank Financial Forecasts Reduced Earnings for BRP

BRP Inc. (TSE:DOO) – Equities research analysts at National Bank Financial dropped their FY2027 earnings per share (EPS) estimates for shares of BRP in a research report issued on Wednesday, March 26th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings per share of $5.68 for the year, down from their prior estimate of $5.81. The consensus estimate for BRP’s current full-year earnings is $6.89 per share.

A number of other analysts have also commented on DOO. BMO Capital Markets cut their price objective on shares of BRP from C$100.00 to C$70.00 in a research report on Thursday. Raymond James lowered their price target on shares of BRP from C$98.00 to C$65.00 in a research note on Thursday. Scotiabank reduced their price objective on shares of BRP from C$91.00 to C$86.00 and set a “sector perform” rating for the company in a research note on Monday, December 9th. TD Securities decreased their price objective on BRP from C$70.00 to C$65.00 and set a “hold” rating for the company in a report on Thursday. Finally, DA Davidson dropped their target price on BRP from C$96.00 to C$88.00 in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$73.69.

BRP Trading Down 6.8 %

TSE:DOO opened at C$50.82 on Friday. The company has a market cap of C$3.74 billion, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. BRP has a twelve month low of C$50.67 and a twelve month high of C$102.46. The business has a 50 day moving average price of C$61.57 and a two-hundred day moving average price of C$69.91. The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79.

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.