Zacks: Brokerages Anticipate Brunswick Corporation (BC) to Post $1.00 EPS
Equities analysts forecast that Brunswick Corporation (NYSE:BC) will post $1.00 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for Brunswick Corporation’s earnings. The lowest EPS estimate is $0.95 and the highest is $1.14. Brunswick Corporation reported earnings per share of $0.91 during the same quarter last year, which would indicate a positive year over year growth rate of 9.9%. The company is scheduled to announce its next earnings report on Thursday, October 26th.
According to Zacks, analysts expect that Brunswick Corporation will report full-year earnings of $4.04 per share for the current fiscal year, with EPS estimates ranging from $4.00 to $4.08. For the next fiscal year, analysts forecast that the company will post earnings of $4.58 per share, with EPS estimates ranging from $4.34 to $4.84. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Brunswick Corporation.
Brunswick Corporation (NYSE:BC) last posted its quarterly earnings data on Thursday, July 27th. The company reported $1.35 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.02. Brunswick Corporation had a return on equity of 23.35% and a net margin of 6.13%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the business earned $1.17 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year.
A number of research analysts have commented on the company. Robert W. Baird reiterated a “buy” rating and issued a $68.00 price objective on shares of Brunswick Corporation in a research report on Friday, September 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $68.00 price objective on shares of Brunswick Corporation in a research report on Thursday, September 7th. Forward View upgraded Brunswick Corporation from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Sunday, September 3rd. KeyCorp reiterated a “buy” rating and issued a $62.00 price objective on shares of Brunswick Corporation in a research report on Thursday, August 31st. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $67.00 price objective on shares of Brunswick Corporation in a research report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. Brunswick Corporation presently has a consensus rating of “Buy” and a consensus target price of $65.93.
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Brunswick Corporation (NYSE BC) traded up 0.43% during mid-day trading on Friday, hitting $53.60. The stock had a trading volume of 185,346 shares. The stock has a 50 day moving average of $53.91 and a 200-day moving average of $58.01. The firm has a market cap of $4.76 billion, a P/E ratio of 17.01 and a beta of 1.82. Brunswick Corporation has a 1-year low of $42.02 and a 1-year high of $63.82.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 22nd will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.24%. The ex-dividend date is Friday, August 18th. Brunswick Corporation’s payout ratio is presently 20.95%.
In related news, Chairman Mark D. Schwabero sold 2,738 shares of the firm’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $63.72, for a total transaction of $174,465.36. Following the sale, the chairman now owns 219,783 shares of the company’s stock, valued at approximately $14,004,572.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William Metzger sold 15,301 shares of the firm’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $62.50, for a total value of $956,312.50. The disclosure for this sale can be found here. Insiders have sold a total of 50,880 shares of company stock worth $3,224,030 in the last ninety days. 1.00% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. acquired a new stake in Brunswick Corporation during the 2nd quarter worth $134,000. Bronfman E.L. Rothschild L.P. raised its stake in Brunswick Corporation by 149.8% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock worth $160,000 after buying an additional 1,529 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Brunswick Corporation by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock worth $202,000 after buying an additional 280 shares during the period. Advisor Group Inc. raised its stake in Brunswick Corporation by 2.7% during the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock worth $202,000 after buying an additional 87 shares during the period. Finally, Pitcairn Co. acquired a new stake in Brunswick Corporation during the 2nd quarter worth $213,000. 94.04% of the stock is currently owned by institutional investors and hedge funds.
About Brunswick Corporation
Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.
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