Wall Street analysts expect Brunswick Co. (NYSE:BC) to report $0.95 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Brunswick’s earnings. The highest EPS estimate is $0.99 and the lowest is $0.86. Brunswick posted earnings per share of $0.84 in the same quarter last year, which indicates a positive year-over-year growth rate of 13.1%. The business is expected to report its next quarterly earnings report on Thursday, April 26th.
On average, analysts expect that Brunswick will report full year earnings of $4.59 per share for the current financial year, with EPS estimates ranging from $4.51 to $4.66. For the next financial year, analysts forecast that the business will report earnings of $5.15 per share, with EPS estimates ranging from $5.06 to $5.25. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Brunswick.
Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.04). Brunswick had a return on equity of 22.52% and a net margin of 3.09%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the business earned $0.66 earnings per share. Brunswick’s revenue was up 10.6% compared to the same quarter last year.
BC has been the subject of a number of analyst reports. B. Riley raised their price objective on Brunswick from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. CL King restated a “neutral” rating on shares of Brunswick in a research report on Friday, February 2nd. Citigroup raised their price objective on Brunswick from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Northcoast Research set a $64.00 price objective on Brunswick and gave the stock a “buy” rating in a research report on Monday, January 29th. Finally, BMO Capital Markets raised their price objective on Brunswick to $69.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $68.79.
Brunswick (BC) opened at $60.77 on Monday. Brunswick has a 1 year low of $48.04 and a 1 year high of $64.45. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 1.78. The stock has a market capitalization of $5,358.51, a PE ratio of 38.22, a PEG ratio of 0.82 and a beta of 1.83.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 1.25%. Brunswick’s payout ratio is currently 47.80%.
In other news, insider John C. Pfeifer sold 3,780 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $54.96, for a total transaction of $207,748.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher F. Dekker sold 3,100 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $58.84, for a total value of $182,404.00. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BC. Goldman Sachs Group Inc. increased its holdings in shares of Brunswick by 128.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,006,453 shares of the company’s stock valued at $166,017,000 after acquiring an additional 1,689,317 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Brunswick by 213.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,131,199 shares of the company’s stock valued at $117,685,000 after acquiring an additional 1,451,636 shares in the last quarter. Impala Asset Management LLC bought a new stake in shares of Brunswick during the fourth quarter valued at approximately $50,358,000. Two Sigma Advisers LP increased its holdings in shares of Brunswick by 315.2% during the fourth quarter. Two Sigma Advisers LP now owns 1,093,746 shares of the company’s stock valued at $60,397,000 after acquiring an additional 830,300 shares in the last quarter. Finally, Lakewood Capital Management LP bought a new stake in shares of Brunswick during the fourth quarter valued at approximately $24,090,000. Hedge funds and other institutional investors own 93.79% of the company’s stock.
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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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