BRP Inc., a global leader in powersports, has announced the Toronto Stock Exchange’s approval to renew its normal course issuer bid (NCIB), allowing the company to repurchase up to 3,331,852 subordinate voting shares over the next twelve months. This represents approximately 10% of the public float and is seen as a strategic move to enhance shareholder value.
BRP Inc. (DOOO) is set to release its third-quarter earnings on December 6th, with analysts forecasting a substantial decline in both earnings per share and revenue compared to the previous year. The company’s recent sale of its marine businesses and mixed analyst ratings add to the uncertainty surrounding the stock’s performance.
