Brunswick Co. (NYSE:BC) – Research analysts at SunTrust Banks boosted their Q1 2018 earnings per share (EPS) estimates for shares of Brunswick in a research report issued on Thursday, Zacks Investment Research reports. SunTrust Banks analyst M. Swartz now forecasts that the company will earn $0.94 per share for the quarter, up from their prior forecast of $0.85. SunTrust Banks currently has a “Buy” rating and a $62.00 price objective on the stock. SunTrust Banks also issued estimates for Brunswick’s FY2018 earnings at $4.58 EPS and FY2019 earnings at $5.25 EPS.
Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.04). Brunswick had a net margin of 3.09% and a return on equity of 22.52%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the business earned $0.66 EPS. The business’s revenue was up 10.6% on a year-over-year basis.
Other analysts have also recently issued research reports about the stock. Imperial Capital restated a “buy” rating and set a $65.00 target price on shares of Brunswick in a research note on Wednesday, December 13th. They noted that the move was a valuation call. B. Riley restated a “buy” rating on shares of Brunswick in a research note on Wednesday, December 6th. Northcoast Research upgraded shares of Brunswick from a “neutral” rating to a “buy” rating in a research note on Friday, November 3rd. Stifel Nicolaus cut their target price on shares of Brunswick from $68.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Finally, Royal Bank of Canada restated a “buy” rating and set a $66.00 target price on shares of Brunswick in a research note on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $65.47.
Shares of Brunswick (NYSE BC) traded up $0.30 on Monday, hitting $57.84. 47,693 shares of the stock were exchanged, compared to its average volume of 976,828. The company has a current ratio of 1.78, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. The company has a market cap of $5,016.74, a P/E ratio of 15.06, a PEG ratio of 0.77 and a beta of 1.82. Brunswick has a 52 week low of $48.04 and a 52 week high of $64.45.
In other Brunswick news, insider John C. Pfeifer sold 3,780 shares of Brunswick stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total value of $207,748.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of BC. Cerebellum GP LLC acquired a new position in shares of Brunswick in the 4th quarter valued at approximately $128,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Brunswick by 1,158.4% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock valued at $132,000 after buying an additional 2,201 shares in the last quarter. Advisor Group Inc. raised its position in shares of Brunswick by 2.7% in the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after buying an additional 87 shares in the last quarter. Nomura Holdings Inc. acquired a new position in shares of Brunswick in the 2nd quarter valued at approximately $240,000. Finally, Boothbay Fund Management LLC acquired a new position in shares of Brunswick in the 3rd quarter valued at approximately $252,000. Institutional investors and hedge funds own 85.96% of the company’s stock.
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Brunswick Company Profile
Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.
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