BRP (NASDAQ:DOO) Issues FY 2027 Earnings Guidance
by Mitch Edgeman · The Markets DailyBRP (NASDAQ:DOO – Get Free Report) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.889-3.251 for the period, compared to the consensus estimate of 2.710. The company issued revenue guidance of $6.7 billion-$6.8 billion, compared to the consensus revenue estimate of $6.7 billion.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on DOO. TD Securities upgraded shares of BRP from a “hold” rating to a “buy” rating in a research note on Tuesday, August 18th. National Bank Financial raised BRP from a “sector perform” rating to an “outperform” rating in a research report on Thursday. Royal Bank Of Canada restated an “outperform” rating on shares of BRP in a research note on Friday, May 29th. Wall Street Zen raised BRP from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Finally, Stifel Nicolaus downgraded BRP from a “buy” rating to a “hold” rating in a research note on Friday, May 29th. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, BRP has a consensus rating of “Hold” and a consensus price target of $83.00.
Check Out Our Latest Stock Report on DOO
BRP Stock Performance
Shares of NASDAQ DOO traded up $0.92 during trading on Thursday, reaching $64.22. 1,168,233 shares of the company traded hands, compared to its average volume of 212,584. The stock has a market cap of $4.71 billion, a P/E ratio of 13.35 and a beta of 0.88. The firm’s fifty day simple moving average is $62.08 and its 200 day simple moving average is $63.19. The company has a current ratio of 1.30, a quick ratio of 0.61 and a debt-to-equity ratio of 3.41. BRP has a 12-month low of $48.83 and a 12-month high of $81.89.
BRP Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Tuesday, September 29th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. BRP’s dividend payout ratio (DPR) is presently 26.42%.
Key BRP News
Here are the key news stories impacting BRP this week:
- Positive Sentiment: BRP reported second-quarter revenue of $2.24 billion, up 18.5% year over year, helped by higher off-road vehicle shipments and a favorable side-by-side vehicle mix. The company also gained North American off-road market share. BRP Presents Its Second Quarter Results for Fiscal Year 2027
- Positive Sentiment: Adjusted quarterly results exceeded expectations: BRP reported an adjusted loss of approximately $0.13 per share versus the projected $0.46 loss. This earnings beat likely helped support the stock.
- Positive Sentiment: BRP raised its fiscal 2027 outlook. The updated EPS range of $2.889 to $3.251 is above the $2.710 consensus estimate, while revenue guidance of $6.7 billion to $6.8 billion is broadly in line with expectations. The company’s release also cited normalized diluted EPS guidance of $4.00 to $4.50 for the full year. BRP Reports Second-Quarter Loss and Raises Full-Year Outlook
- Positive Sentiment: National Bank Financial upgraded BRP from “sector perform” to “outperform,” signaling improved confidence in the company’s outlook and potentially attracting additional buying interest.
- Neutral Sentiment: BRP declared a quarterly dividend of $0.25 per share, equivalent to an annualized yield of approximately 1.6%. The payout provides shareholder support but is unlikely to be the primary driver of the move.
- Neutral Sentiment: CFO Sébastien Martel will retire October 1, with Minh Thanh Tran taking over. The planned transition appears orderly, but investors may monitor execution during the change in financial leadership. BRP Announces Planned Financial Leadership Transition
- Negative Sentiment: BRP posted a $136.8 million net loss, while normalized EBITDA fell 34.9% to $138.8 million. The deterioration in profitability and weaker earnings compared with last year remain key risks despite the revenue growth and guidance increase.
Institutional Trading of BRP
Several institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp purchased a new position in shares of BRP during the 4th quarter valued at approximately $207,651,000. Price T Rowe Associates Inc. MD acquired a new position in BRP during the fourth quarter worth $169,341,000. FIL Ltd acquired a new position in BRP during the fourth quarter worth $123,110,000. The Manufacturers Life Insurance Company purchased a new position in BRP during the fourth quarter valued at $84,978,000. Finally, Caisse de depot et placement du Quebec purchased a new position in BRP during the fourth quarter valued at $69,172,000.
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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