Brunswick Co. (BC) Announces Quarterly Dividend of $0.13
Brunswick (NYSE:BC) announced a quarterly dividend on Tuesday, July 22nd, Analyst Ratings Network reports. Shareholders of record on Monday, August 25th will be paid a dividend of 0.125 per share on Monday, September 15th. This represents a $0.50 annualized dividend and a dividend yield of 1.21%.
A number of analysts have recently weighed in on BC shares. Analysts at B. Riley upgraded shares of Brunswick from a “neutral” rating to a “buy” rating in a research note on Friday. They now have a $52.00 price target on the stock, up previously from $47.50. On a related note, analysts at ISI Group upgraded shares of Brunswick from a “hold” rating to a “buy” rating in a research note on Wednesday, June 25th. They now have a $55.00 price target on the stock. Finally, analysts at KeyCorp upgraded shares of Brunswick from a “hold” rating to a “buy” rating in a research note on Wednesday, June 25th. They now have a $55.00 price target on the stock. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $50.00.
Shares of Brunswick (NYSE:BC) traded up 1.92% on Tuesday, hitting $41.95. The stock had a trading volume of 320,409 shares. Brunswick has a 1-year low of $32.57 and a 1-year high of $47.69. The stock has a 50-day moving average of $42.0 and a 200-day moving average of $42.95. The company has a market cap of $3.890 billion and a P/E ratio of 5.00.
Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $969.20 million for the quarter, compared to the consensus estimate of $967.41 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, analysts predict that Brunswick will post $2.51 earnings per share for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.