Brunswick Corp. (BC) Issues FY13 Earnings Guidance
Brunswick Corp. (NYSE:BC) issued an update on its FY13 earnings guidance on Thursday morning. The company provided EPS guidance of $2.65-2.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.63, StockRatingsNetwork reports. The company issued revenue guidance of +4% to ~$3.87 billion, compared to the consensus revenue estimate of $3.86 billion.
Shares of Brunswick Corp. (NYSE:BC) opened at 44.39 on Thursday. Brunswick Corp. has a 52 week low of $21.08 and a 52 week high of $39.86. The stock’s 50-day moving average is $37. and its 200-day moving average is $34.47. The company has a market cap of $4.019 billion and a P/E ratio of 73.98.
Brunswick Corp. (NYSE:BC) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.07. The company had revenue of $892.40 million for the quarter, compared to the consensus estimate of $907.84 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts predict that Brunswick Corp. will post $2.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 13th. Investors of record on Wednesday, November 20th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.90%.
A number of analysts have recently weighed in on BC shares. Analysts at Citigroup Inc. initiated coverage on shares of Brunswick Corp. in a research note to investors on Wednesday, October 9th. They set a buy rating on the stock. On a related note, analysts at Zacks upgraded shares of Brunswick Corp. from a neutral rating to an outperform rating in a research note to investors on Tuesday, October 8th. They now have a $44.00 price target on the stock. Finally, analysts at SunTrust reiterated a buy rating on shares of Brunswick Corp. in a research note to investors on Friday, September 13th. They now have a $45.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $39.75.
In other Brunswick Corp. news, VP Alan L. Lowe sold 23,343 shares of the stock on the open market in a transaction dated Thursday, October 17th. The stock was sold at an average price of $43.00, for a total transaction of $1,003,749.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Brunswick Corporation (NYSE:BC) is a worldwide designer, manufacturer and marketer of recreation products, including marine engines, boats, fitness equipment and bowling and billiards equipment.
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