Brunswick Co. (NYSE:BC) Expected to Post Earnings of $1.94 Per Share

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.

Several research firms have recently commented on BC. JPMorgan Chase & Co. upped their price objective on shares of Brunswick from $106.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, June 18th. Robert W. Baird restated a “buy” rating on shares of Brunswick in a research report on Sunday, August 1st. BMO Capital Markets raised their price objective on shares of Brunswick from $105.00 to $110.00 and gave the stock a “market perform” rating in a research report on Monday, August 2nd. Raymond James raised their price objective on shares of Brunswick from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Friday, July 30th. Finally, BNP Paribas assumed coverage on shares of Brunswick in a research note on Monday, June 14th. They set an “outperform” rating and a $125.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Brunswick presently has an average rating of “Buy” and a consensus price target of $117.20.

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%.

About Brunswick

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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Earnings History and Estimates for Brunswick (NYSE:BC)

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