Brunswick (BC) Stock Rating Reaffirmed by B. Riley
B. Riley reissued their buy rating on shares of Brunswick (NYSE:BC) in a report issued on Wednesday morning. B. Riley also issued estimates for Brunswick’s Q4 2017 earnings at $0.73 EPS, FY2017 earnings at $3.83 EPS, Q1 2018 earnings at $0.91 EPS, Q2 2018 earnings at $1.46 EPS, Q3 2018 earnings at $1.13 EPS, Q4 2018 earnings at $0.83 EPS, FY2018 earnings at $4.33 EPS, Q1 2019 earnings at $1.01 EPS, Q2 2019 earnings at $1.61 EPS, Q3 2019 earnings at $1.25 EPS and FY2019 earnings at $4.78 EPS.
Several other equities research analysts also recently commented on BC. Zacks Investment Research upgraded Brunswick from a sell rating to a hold rating in a report on Wednesday, October 18th. ValuEngine upgraded Brunswick from a hold rating to a buy rating in a report on Monday, October 2nd. Royal Bank Of Canada upped their price target on Brunswick and gave the stock an outperform rating in a report on Wednesday. BidaskClub downgraded Brunswick from a sell rating to a strong sell rating in a report on Friday, August 11th. Finally, Stifel Nicolaus reiterated a buy rating and set a $68.00 price target on shares of Brunswick in a report on Thursday, September 7th. One 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. The stock currently has a consensus rating of Buy and an average target price of $62.50.
Shares of Brunswick (NYSE:BC) opened at $55.72 on Wednesday. The company has a market capitalization of $4,886.09, a P/E ratio of 14.78, a PEG ratio of 0.89 and a beta of 1.90. Brunswick has a 1-year low of $48.04 and a 1-year high of $63.82. The company has a current ratio of 1.81, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28.
Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.09). The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.16 billion. Brunswick had a net margin of 5.93% and a return on equity of 22.71%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 EPS. sell-side analysts expect that Brunswick will post 3.85 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 21st will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $0.76 annualized dividend and a yield of 1.36%. This is an increase from Brunswick’s previous quarterly dividend of $0.17. Brunswick’s dividend payout ratio is 24.52%.
A number of large investors have recently made changes to their positions in BC. Ladenburg Thalmann Financial Services Inc. grew its stake in 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. Advisors Asset Management Inc. bought a new position in Brunswick in the 2nd quarter valued at $134,000. Bronfman E.L. Rothschild L.P. grew its stake in Brunswick by 149.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock valued at $160,000 after purchasing an additional 1,529 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Brunswick by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock valued at $202,000 after purchasing an additional 280 shares during the period. Finally, Advisor Group Inc. grew its stake in 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 purchasing an additional 87 shares during the period. Hedge funds and other institutional investors own 92.66% 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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