BRP (NASDAQ:DOO – Get Free Report) updated its FY 2027 earnings guidance on Friday. The company provided earnings per share guidance of 2.190-2.550 for the period, compared to the consensus earnings per share estimate of 2.090. The company issued revenue guidance of $6.7 billion-$6.8 billion, compared to the consensus revenue estimate of $6.5 billion.
Analyst Ratings Changes
A number of research firms recently weighed in on DOO. Wall Street Zen downgraded BRP from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BRP in a research note on Monday, March 23rd. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of BRP in a research note on Friday. TD Securities reaffirmed a “hold” rating on shares of BRP in a research note on Friday. Finally, Canaccord Genuity Group downgraded BRP from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Four research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, BRP has an average rating of “Hold” and an average price target of $85.33.
BRP Stock Down 1.4%
BRP Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. BRP’s dividend payout ratio is 27.17%.
More BRP News
Here are the key news stories impacting BRP this week:
- Positive Sentiment: BRP reported fiscal Q1 2027 results that beat expectations, with EPS of $1.33 versus $0.75 expected and revenue of $1.74 billion versus $1.52 billion expected; revenue rose 29.5% year over year. Article: BRP Inc. (DOO) Beats Q1 Earnings and Revenue Estimates
- Positive Sentiment: The company also raised its outlook, guiding FY2027 revenue to $9.1 billion-$9.4 billion and normalized diluted EPS to $3.00-$3.50, both signaling stronger-than-expected growth. Article: BRP Reports Fiscal Year 2027 First Quarter Results
- Positive Sentiment: Citigroup kept a buy rating and only trimmed its price target slightly to $74 from $75, still implying meaningful upside from current levels. Article: Citi Lowered BRP Price Target
- Neutral Sentiment: BRP declared a quarterly dividend of $0.25 per share, which supports shareholder returns but is not a major catalyst on its own. Article: BRP Announces Elections of Directors and Board Committee Composition
- Negative Sentiment: Stifel downgraded BRP from buy to hold, which can pressure sentiment even after the earnings beat. Article: Stifel Downgraded BRP
- Negative Sentiment: Management warned that U.S. tariff changes will create a significant profit hit, and the revised guidance already incorporates those added costs. Article: BRP Restores Financial Outlook, Expects Major Profit Hit Amid U.S. Tariff Changes
Institutional Trading of BRP
Several institutional investors and hedge funds have recently modified their holdings of DOO. Quarry LP purchased a new stake in shares of BRP in the fourth quarter worth approximately $30,000. Quadrant Capital Group LLC purchased a new stake in shares of BRP in the fourth quarter worth approximately $89,000. PNC Financial Services Group Inc. purchased a new stake in shares of BRP in the fourth quarter worth approximately $142,000. Wells Fargo & Company MN purchased a new stake in shares of BRP in the fourth quarter worth approximately $227,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of BRP in the fourth quarter valued at approximately $250,000.
About BRP
BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.
BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three?wheel on?road vehicles.
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