Q1 2018 EPS Estimates for Brunswick Co. (BC) Increased by Analyst
Brunswick Co. (NYSE:BC) – Research analysts at Northcoast Research lifted their Q1 2018 earnings per share (EPS) estimates for Brunswick in a research note issued on Wednesday. Northcoast Research analyst S. Woolf now expects that the company will post earnings of $0.98 per share for the quarter, up from their previous forecast of $0.96. Northcoast Research has a “Buy” rating and a $64.00 price objective on the stock. Northcoast Research also issued estimates for Brunswick’s Q3 2018 earnings at $1.16 EPS.
Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.04). Brunswick had a net margin of 3.09% and a return on equity of 22.52%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the firm earned $0.66 earnings per share. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year.
Shares of Brunswick (NYSE BC) opened at $58.43 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.78 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $5,167.56, a P/E ratio of 36.67, a P/E/G ratio of 0.79 and a beta of 1.82. Brunswick has a 12 month low of $48.04 and a 12 month high of $64.45.
A number of large investors have recently made changes to their positions in the business. New Mexico Educational Retirement Board acquired a new stake in Brunswick during the fourth quarter worth about $1,215,000. Verity Asset Management Inc. acquired a new stake in Brunswick during the fourth quarter worth about $340,000. Swiss National Bank increased its stake in Brunswick by 1.5% during the fourth quarter. Swiss National Bank now owns 152,100 shares of the company’s stock worth $8,399,000 after acquiring an additional 2,300 shares during the last quarter. California Public Employees Retirement System increased its stake in Brunswick by 6.0% during the fourth quarter. California Public Employees Retirement System now owns 204,411 shares of the company’s stock worth $11,288,000 after acquiring an additional 11,488 shares during the last quarter. Finally, M&T Bank Corp increased its stake in Brunswick by 17.3% during the fourth quarter. M&T Bank Corp now owns 8,605 shares of the company’s stock worth $476,000 after acquiring an additional 1,271 shares during the last quarter. Institutional investors own 91.53% of the company’s stock.
In other Brunswick news, insider John C. Pfeifer sold 3,780 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $54.96, for a total transaction of $207,748.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.00% 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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