Wall Street analysts forecast that Brunswick Co. (NYSE:BC) will post sales of $1.16 billion for the current fiscal quarter, Zacks reports. Eleven analysts have provided estimates for Brunswick’s earnings, with the lowest sales estimate coming in at $1.13 billion and the highest estimate coming in at $1.24 billion. Brunswick also posted sales of $1.16 billion during the same quarter last year. The business is expected to announce its next earnings report before the market opens on Thursday, April 26th.
According to Zacks, analysts expect that Brunswick will report full year sales of $4.78 billion for the current financial year, with estimates ranging from $4.75 billion to $4.80 billion. For the next financial year, analysts anticipate that the business will report sales of $5.06 billion per share, with estimates ranging from $5.00 billion to $5.11 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Brunswick.
Brunswick (NYSE:BC) last released its earnings results on Thursday, February 1st. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.04). The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Brunswick had a return on equity of 22.52% and a net margin of 3.09%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 EPS.
Several research firms have weighed in on BC. Northcoast Research set a $69.00 target price on shares of Brunswick and gave the stock a “buy” rating in a research report on Friday, March 2nd. Zacks Investment Research downgraded shares of Brunswick from a “buy” rating to a “hold” rating in a research report on Tuesday, April 10th. Robert W. Baird reissued a “buy” rating and set a $65.00 target price on shares of Brunswick in a research report on Friday, December 22nd. B. Riley boosted their target price on shares of Brunswick from $68.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Wedbush raised shares of Brunswick from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $57.54 to $70.00 in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $69.66.
In other Brunswick news, VP Christopher F. Dekker sold 3,100 shares of Brunswick stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $58.84, for a total transaction of $182,404.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Cerebellum GP LLC acquired a new stake in Brunswick during the 4th quarter valued at approximately $128,000. Ladenburg Thalmann Financial Services Inc. lifted its stake 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 purchasing an additional 2,201 shares during the period. Annex Advisory Services LLC acquired a new position in shares of Brunswick in the 4th quarter valued at $238,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Brunswick by 47.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,757 shares of the company’s stock valued at $263,000 after purchasing an additional 1,540 shares during the period. Finally, Ramsey Quantitative Systems acquired a new position in shares of Brunswick in the 4th quarter valued at $264,000. Institutional investors and hedge funds own 93.79% of the company’s stock.
NYSE:BC opened at $60.49 on Tuesday. The company has a market cap of $5,269.20, a price-to-earnings ratio of 15.55, a P/E/G ratio of 0.80 and a beta of 1.81. Brunswick has a twelve month low of $48.04 and a twelve month high of $64.45. The company has a current ratio of 1.78, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29.
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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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