Equities analysts predict that Brunswick Co. (NYSE:BC) will report $1.94 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Brunswick’s earnings, with the lowest EPS estimate coming in at $1.90 and the highest estimate coming in at $1.97. Brunswick posted earnings of $1.80 per share during the same quarter last year, which suggests a positive year over year growth rate of 7.8%. The firm is scheduled to report its next earnings report on Thursday, November 4th.
On average, analysts expect that Brunswick will report full year earnings of $8.05 per share for the current financial year, with EPS estimates ranging from $7.99 to $8.10. For the next financial year, analysts forecast that the company will post earnings of $8.97 per share, with EPS estimates ranging from $8.70 to $9.50. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Brunswick.
Brunswick (NYSE:BC) last issued its quarterly earnings data on Wednesday, July 28th. The company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.37. Brunswick had a net margin of 10.81% and a return on equity of 38.99%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.49 billion.
In other Brunswick news, VP Brenna Preisser sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 17th. The shares were sold at an average price of $102.75, for a total transaction of $102,750.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.44% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the company. Punch & Associates Investment Management Inc. increased its holdings in shares of Brunswick by 0.3% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 115,832 shares of the company’s stock valued at $11,539,000 after acquiring an additional 320 shares during the period. Morgan Stanley grew its position in Brunswick by 30.1% in the 2nd quarter. Morgan Stanley now owns 191,039 shares of the company’s stock valued at $19,032,000 after buying an additional 44,214 shares during the last quarter. M.D. Sass Investors Services Inc. grew its position in Brunswick by 56.3% in the 2nd quarter. M.D. Sass Investors Services Inc. now owns 203,297 shares of the company’s stock valued at $20,253,000 after buying an additional 73,268 shares during the last quarter. Walleye Capital LLC purchased a new position in Brunswick in the 2nd quarter valued at $406,000. Finally, Maverick Capital Ltd. grew its position in Brunswick by 29.7% in the 2nd quarter. Maverick Capital Ltd. now owns 11,304 shares of the company’s stock valued at $1,126,000 after buying an additional 2,587 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:BC traded up $0.97 during trading hours on Friday, hitting $97.98. The company’s stock had a trading volume of 4,699 shares, compared to its average volume of 631,684. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.59 and a quick ratio of 0.92. The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of 13.16 and a beta of 1.84. The firm’s fifty day moving average price is $100.16 and its 200 day moving average price is $100.32. Brunswick has a 52 week low of $56.50 and a 52 week high of $117.62.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 15th. Shareholders of record on Tuesday, August 24th will be issued a dividend of $0.335 per share. The ex-dividend date is Monday, August 23rd. This represents a $1.34 dividend on an annualized basis and a yield of 1.37%. Brunswick’s payout ratio is currently 26.43%.
Brunswick Corp. engages in the design, manufacture, and marketing of recreational marine products including marine engines, boats, and parts and accessories for those products. It operates through the following segments: Propulsion, Parts & Accessories and Boat. The Propulsion segment manufactures and markets a full range of outboard, sterndrive, and inboard engines, as well as propulsion-related controls, propellers, and rigging parts and accessories.
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