BRP (NASDAQ:DOO) Updates FY 2027 Earnings Guidance

BRP (NASDAQ:DOOGet 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.

Read Our Latest Report on DOO

BRP Stock Down 1.4%

Shares of BRP stock opened at $57.77 on Friday. The stock has a market capitalization of $4.26 billion, a P/E ratio of 21.80 and a beta of 0.90. BRP has a 52 week low of $38.18 and a 52 week high of $81.89. The business has a 50 day moving average of $61.45. The company has a current ratio of 1.27, a quick ratio of 0.56 and a debt-to-equity ratio of 3.92.

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:

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

(Get Free Report)

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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