Brunswick Corporation (NYSE:BC) – Equities research analysts at Jefferies Group reduced their Q4 2017 earnings per share (EPS) estimates for Brunswick Corporation in a research note issued to investors on Thursday. Jefferies Group analyst R. Konik now anticipates that the company will earn $0.76 per share for the quarter, down from their previous forecast of $0.84. Jefferies Group currently has a “Hold” rating and a $56.00 target price on the stock. Jefferies Group also issued estimates for Brunswick Corporation’s Q2 2018 earnings at $1.50 EPS.

Brunswick Corporation (NYSE:BC) last announced its earnings results on Thursday, October 26th. The company reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.09). Brunswick Corporation had a net margin of 5.93% and a return on equity of 22.71%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis.

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BC has been the topic of a number of other reports. Forward View set a $60.00 price objective on Brunswick Corporation and gave the stock a “hold” rating in a research report on Sunday, July 30th. BidaskClub lowered Brunswick Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research lowered Brunswick Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Royal Bank Of Canada reiterated a “buy” rating and issued a $65.00 price objective on shares of Brunswick Corporation in a research report on Wednesday, July 12th. Finally, BMO Capital Markets cut their price objective on Brunswick Corporation from $68.00 to $62.00 and set an “outperform” rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $64.36.

Brunswick Corporation (NYSE:BC) opened at 50.00 on Monday. The company has a market capitalization of $4.44 billion, a PE ratio of 15.86 and a beta of 1.85. The firm’s 50 day moving average price is $55.71 and its 200-day moving average price is $57.11. Brunswick Corporation has a 12-month low of $42.02 and a 12-month high of $63.82.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BC. AJO LP boosted its position in shares of Brunswick Corporation by 1,548.4% during the second quarter. AJO LP now owns 1,538,793 shares of the company’s stock valued at $96,528,000 after purchasing an additional 1,445,444 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Brunswick Corporation during the second quarter valued at approximately $42,936,000. Boston Partners boosted its position in shares of Brunswick Corporation by 3.8% during the second quarter. Boston Partners now owns 9,306,042 shares of the company’s stock valued at $583,768,000 after purchasing an additional 338,212 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in shares of Brunswick Corporation by 17.1% during the second quarter. TimesSquare Capital Management LLC now owns 1,950,700 shares of the company’s stock valued at $122,367,000 after purchasing an additional 284,300 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Brunswick Corporation by 14.3% during the second quarter. Victory Capital Management Inc. now owns 1,435,250 shares of the company’s stock valued at $90,033,000 after purchasing an additional 179,891 shares in the last quarter. Institutional investors own 93.65% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 21st will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, November 20th. This is a positive change from Brunswick Corporation’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 1.52%. Brunswick Corporation’s payout ratio is currently 21.29%.

Brunswick Corporation Company Profile

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.

Earnings History and Estimates for Brunswick Corporation (NYSE:BC)

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