BRP (TSE:DOO) Announces Quarterly Earnings Results

BRP (TSE:DOO) announced its earnings results on Thursday. The company reported C($0.18) EPS for the quarter, FiscalAI reports. The company had revenue of C$2.24 billion for the quarter. BRP had a return on equity of 46.01% and a net margin of 3.01%.

BRP Stock Performance

Shares of BRP stock opened at C$88.23 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.20 and a debt-to-equity ratio of 419.45. The business has a 50-day moving average price of C$87.04 and a two-hundred day moving average price of C$87.65. BRP has a 1-year low of C$67.11 and a 1-year high of C$112.26. The company has a market cap of C$6.51 billion, a P/E ratio of 24.11, a PEG ratio of 2.05 and a beta of 0.81.

Wall Street Analysts Forecast Growth

DOO has been the subject of several recent research reports. Royal Bank Of Canada increased their price target on BRP from C$107.00 to C$113.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. TD Securities raised BRP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Canadian Imperial Bank of Commerce upped their target price on BRP from C$90.00 to C$94.00 and gave the company an “outperformer” rating in a report on Friday, May 29th. TD raised shares of BRP from a “hold” rating to a “buy” rating and increased their target price for the company from C$92.00 to C$106.00 in a research report on Wednesday, August 19th. Finally, Citigroup decreased their target price on shares of BRP from C$75.00 to C$74.00 and set a “buy” rating for the company in a research report on Friday, May 29th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, BRP currently has an average rating of “Moderate Buy” and an average target price of C$100.60.

Key BRP News

Here are the key news stories impacting BRP this week:

• Positive Sentiment: BRP raised its full-year guidance as demand remained resilient and it benefited from lower-than-expected net tariff costs. The company now expects to absorb approximately C$425 million in tariff expenses over the next two years, but believes pricing, cost reductions and other measures will help offset the impact. BRP raises full-year outlook on reduced net tariff costs
• Positive Sentiment: National Bank Financial upgraded BRP from “hold” to “strong-buy,” providing an additional bullish signal for TSX: DOO following the improved outlook. National Bank Financial upgrade
• Positive Sentiment: Management indicated that sales are holding up despite U.S. tariffs, suggesting demand for BRP’s Sea-Doo and Ski-Doo products remains relatively durable. BRP raises full-year guidance as demand holds up
• Neutral Sentiment: BRP appointed Minh Thanh Tran as chief financial officer. The leadership change may improve financial oversight, although the announcement itself does not materially alter near-term earnings expectations. BRP appoints Minh Thanh Tran as CFO
• Negative Sentiment: Second-quarter results were weak: BRP reported a C$136.8 million net loss and adjusted EPS of negative C$0.18 on C$2.24 billion in revenue. The company also warned that third-quarter normalized earnings could be soft, reflecting continued margin and cost pressure. BRP second-quarter loss and outlook

About BRP

BRP Inc is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds.