BRP (NASDAQ:DOOO) Issues FY25 Earnings Guidance

BRP (NASDAQ:DOOO) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share guidance of CAD7.25-8.25 for the period, compared to the consensus earnings per share 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 $63.65 on Thursday. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.41 and a current ratio of 1.40. The stock has a 50 day moving average price of $65.26 and a 200 day moving average price of $68.78. The stock has a market capitalization of $4.83 billion, a PE ratio of 7.42 and a beta of 2.12. BRP has a 52 week low of $57.15 and a 52 week high of $92.74.

Wall Street Analyst Weigh In

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

Institutional Trading of BRP

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of BRP by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 1,200,665 shares of the company’s stock valued at $98,202,000 after acquiring an additional 30,978 shares during the period. Invesco Ltd. raised its position in BRP by 103.1% during the first quarter. Invesco Ltd. now owns 802,926 shares of the company’s stock worth $65,671,000 after acquiring an additional 407,545 shares during the period. Bank of America Corp DE boosted its holdings in BRP by 51.6% in the 1st quarter. Bank of America Corp DE now owns 734,279 shares of the company’s stock worth $57,421,000 after buying an additional 250,005 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in BRP by 35.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 711,049 shares of the company’s stock valued at $50,975,000 after purchasing an additional 184,313 shares during the last quarter. Finally, Morgan Stanley boosted its position in BRP by 100.4% during the third quarter. Morgan Stanley now owns 628,044 shares of the company’s stock worth $47,643,000 after acquiring an additional 314,625 shares during the last quarter.

About BRP

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.