Brunswick Co. (BC) Expected to Announce Earnings of $0.75 Per Share
Wall Street brokerages predict that Brunswick Co. (NYSE:BC) will announce earnings per share (EPS) of $0.75 for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Brunswick’s earnings, with the highest EPS estimate coming in at $0.81 and the lowest estimate coming in at $0.72. Brunswick reported earnings per share of $0.67 during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.9%. The firm is expected to report its next quarterly earnings results on Thursday, January 25th.
According to Zacks, analysts expect that Brunswick will report full-year earnings of $3.85 per share for the current year, with EPS estimates ranging from $3.83 to $3.86. For the next year, analysts anticipate that the business will post earnings of $4.31 per share, with EPS estimates ranging from $4.20 to $4.40. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Brunswick.
Brunswick (NYSE:BC) last issued its earnings results on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.09). Brunswick had a return on equity of 22.71% and a net margin of 5.93%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year.
Several brokerages have weighed in on BC. BMO Capital Markets lowered their target price on shares of Brunswick from $68.00 to $62.00 and set an “outperform” rating on the stock in a research report on Friday, October 27th. Robert W. Baird restated a “buy” rating and set a $65.00 target price on shares of Brunswick in a research report on Friday, December 22nd. Imperial Capital reiterated a “buy” rating and issued a $65.00 price target on shares of Brunswick in a research report on Wednesday, December 13th. They noted that the move was a valuation call. ValuEngine lowered shares of Brunswick from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $62.00 price target on shares of Brunswick in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $63.23.
Brunswick (BC) opened at $56.25 on Thursday. 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 has a 1 year low of $48.04 and a 1 year high of $63.82. The firm has a market cap of $4,930.00, a PE ratio of 18.09, a price-to-earnings-growth ratio of 0.79 and a beta of 1.91.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Tuesday, November 21st were given a $0.19 dividend. The ex-dividend date of this dividend was Monday, November 20th. This is a positive change from Brunswick’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 1.35%. Brunswick’s dividend payout ratio is currently 24.44%.
In other news, insider John C. Pfeifer sold 3,780 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total value of $207,748.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in Brunswick by 0.9% during the second quarter. BlackRock Inc. now owns 7,553,692 shares of the company’s stock worth $473,842,000 after acquiring an additional 65,605 shares during the last quarter. Vanguard Group Inc. raised its stake in Brunswick by 1.1% during the second quarter. Vanguard Group Inc. now owns 7,234,542 shares of the company’s stock worth $453,822,000 after purchasing an additional 76,262 shares during the period. JPMorgan Chase & Co. raised its stake in Brunswick by 4.3% during the third quarter. JPMorgan Chase & Co. now owns 2,928,462 shares of the company’s stock worth $162,382,000 after purchasing an additional 120,485 shares during the period. TimesSquare Capital Management LLC raised its stake in Brunswick by 12.3% during the third quarter. TimesSquare Capital Management LLC now owns 2,191,300 shares of the company’s stock worth $122,647,000 after purchasing an additional 240,600 shares during the period. Finally, Schroder Investment Management Group raised its stake in Brunswick by 13.2% during the third quarter. Schroder Investment Management Group now owns 1,673,989 shares of the company’s stock worth $92,823,000 after purchasing an additional 195,394 shares during the period. Hedge funds and other institutional investors own 92.18% 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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