FY2024 Earnings Forecast for BRP Inc. Issued By Desjardins (NASDAQ:DOOO)

BRP Inc. (NASDAQ:DOOO) – Stock analysts at Desjardins lifted their FY2024 EPS estimates for BRP in a report released on Monday, March 25th. Desjardins analyst B. Poirier now expects that the company will post earnings per share of $8.38 for the year, up from their previous forecast of $8.26. The consensus estimate for BRP’s current full-year earnings is $8.30 per share. Desjardins also issued estimates for BRP’s Q4 2024 earnings at $1.96 EPS, FY2025 earnings at $6.26 EPS and FY2026 earnings at $7.19 EPS.

DOOO has been the subject of several other reports. UBS Group lowered shares of BRP from a “buy” rating to a “neutral” rating in a research report on Monday, December 4th. Canaccord Genuity Group lowered shares of BRP from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, TheStreet lowered shares of BRP from a “b-” rating to a “c+” rating in a research report on Monday, February 26th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $129.88.

BRP Price Performance

Shares of NASDAQ:DOOO opened at $63.65 on Tuesday. The company has a 50 day moving average of $65.26 and a 200 day moving average of $68.78. The stock has a market cap of $4.83 billion, a P/E ratio of 7.42 and a beta of 2.12. BRP has a 12 month low of $57.15 and a 12 month high of $92.74. The company has a current ratio of 1.40, a quick ratio of 0.41 and a debt-to-equity ratio of 4.00.

Hedge Funds Weigh In On BRP

Several institutional investors have recently made changes to their positions in the business. Group One Trading L.P. purchased a new stake in BRP in the 1st quarter worth approximately $52,000. State of Wyoming grew its holdings in BRP by 126.5% during the 4th quarter. State of Wyoming now owns 845 shares of the company’s stock valued at $65,000 after buying an additional 472 shares in the last quarter. Power Corp of Canada purchased a new stake in BRP during the 1st quarter valued at approximately $69,000. Barclays PLC grew its holdings in BRP by 232.5% during the 3rd quarter. Barclays PLC now owns 971 shares of the company’s stock valued at $73,000 after buying an additional 679 shares in the last quarter. Finally, Ensign Peak Advisors Inc purchased a new stake in BRP during the 3rd quarter valued at approximately $93,000.

BRP Company Profile

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.