Wall Street brokerages expect Brunswick Co. (NYSE:BC) to post $1.31 billion in sales for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Brunswick’s earnings, with estimates ranging from $1.29 billion to $1.33 billion. Brunswick posted sales of $1.16 billion in the same quarter last year, which would indicate a positive year over year growth rate of 12.9%. The company is expected to report its next earnings report on Thursday, April 25th.
According to Zacks, analysts expect that Brunswick will report full year sales of $5.48 billion for the current year, with estimates ranging from $5.44 billion to $5.57 billion. For the next financial year, analysts expect that the firm will report sales of $5.74 billion, with estimates ranging from $5.64 billion to $5.82 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Brunswick.
Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, January 31st. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.08. Brunswick had a net margin of 5.20% and a return on equity of 27.37%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the business posted $0.70 earnings per share.
BC has been the subject of several analyst reports. Zacks Investment Research lowered shares of Brunswick from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. TheStreet upgraded shares of Brunswick from a “c” rating to a “b-” rating in a research report on Thursday, January 31st. ValuEngine lowered shares of Brunswick from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. B. Riley reiterated a “buy” rating on shares of Brunswick in a report on Thursday, December 27th. Finally, JPMorgan Chase & Co. started coverage on shares of Brunswick in a report on Friday, January 11th. They set a “neutral” rating and a $52.00 target price for the company. Two analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $70.67.
NYSE BC opened at $52.29 on Monday. The company has a quick ratio of 0.75, a current ratio of 1.50 and a debt-to-equity ratio of 0.75. Brunswick has a 12-month low of $41.92 and a 12-month high of $69.82. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 10.96, a price-to-earnings-growth ratio of 0.85 and a beta of 1.67.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Tuesday, February 26th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, February 25th. This represents a $0.84 annualized dividend and a yield of 1.61%. Brunswick’s dividend payout ratio (DPR) is presently 17.61%.
In other Brunswick news, VP Christopher F. Dekker sold 1,599 shares of the firm’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $49.94, for a total value of $79,854.06. Following the completion of the sale, the vice president now directly owns 32,323 shares in the company, valued at $1,614,210.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher F. Dekker sold 1,279 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $48.67, for a total transaction of $62,248.93. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Oregon Public Employees Retirement Fund increased its stake in shares of Brunswick by 4,579.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,604,197 shares of the company’s stock valued at $35,000 after purchasing an additional 1,569,918 shares in the last quarter. First Mercantile Trust Co. increased its stake in shares of Brunswick by 15.7% during the fourth quarter. First Mercantile Trust Co. now owns 2,140 shares of the company’s stock valued at $99,000 after purchasing an additional 290 shares in the last quarter. TLP Group LLC bought a new position in shares of Brunswick during the third quarter valued at approximately $149,000. Rehmann Capital Advisory Group increased its position in shares of Brunswick by 207.5% during the third quarter. Rehmann Capital Advisory Group now owns 2,580 shares of the company’s stock valued at $173,000 after acquiring an additional 1,741 shares in the last quarter. Finally, Dubuque Bank & Trust Co. increased its position in shares of Brunswick by 4,476.9% during the third quarter. Dubuque Bank & Trust Co. now owns 2,975 shares of the company’s stock valued at $199,000 after acquiring an additional 2,910 shares in the last quarter. Institutional investors and hedge funds own 94.68% of the company’s stock.
Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and lubricants; and diesel propulsion systems to the recreational and commercial marine markets.
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