BRP Inc. (DOOO) To Go Ex-Dividend on September 30th

BRP Inc. (NASDAQ:DOOO) declared a quarterly dividend on Thursday, August 28th, RTT News reports. Shareholders of record on Tuesday, September 30th will be given a dividend of 0.215 per share on Tuesday, October 14th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a 38.1% increase from BRP’s previous quarterly dividend of $0.16.

BRP has a dividend payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BRP to earn $3.43 per share next year, which means the company should continue to be able to cover its $0.63 annual dividend with an expected future payout ratio of 18.4%.

BRP Trading Up 0.4%

Shares of NASDAQ:DOOO opened at $60.71 on Friday. The company has a market cap of $4.43 billion, a P/E ratio of -252.96 and a beta of 1.19. The stock’s 50-day moving average is $57.79 and its 200-day moving average is $46.59. BRP has a 52-week low of $31.78 and a 52-week high of $68.42. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.55 and a current ratio of 1.34.

BRP (NASDAQ:DOOO) last released its earnings results on Friday, August 29th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.34. BRP had a positive return on equity of 61.26% and a negative net margin of 0.34%.The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.77 billion. BRP has set its FY 2026 guidance at 3.090-3.460 EPS. Equities research analysts predict that BRP will post 3.15 earnings per share for the current year.

Hedge Funds Weigh In On BRP

Large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its stake in BRP by 10.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 109,158 shares of the company’s stock valued at $3,685,000 after purchasing an additional 10,004 shares in the last quarter. Ontario Teachers Pension Plan Board grew its holdings in shares of BRP by 31.2% during the first quarter. Ontario Teachers Pension Plan Board now owns 64,941 shares of the company’s stock valued at $2,193,000 after buying an additional 15,447 shares during the last quarter. Fiera Capital Corp grew its holdings in shares of BRP by 5.5% during the first quarter. Fiera Capital Corp now owns 135,330 shares of the company’s stock valued at $4,574,000 after buying an additional 7,082 shares during the last quarter. National Bank of Canada FI boosted its holdings in BRP by 20.0% during the first quarter. National Bank of Canada FI now owns 495,657 shares of the company’s stock worth $16,731,000 after purchasing an additional 82,723 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new position in BRP during the first quarter worth about $451,000.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.