Brunswick Corporation (NYSE:BC) – Equities researchers at SunTrust Banks cut their FY2017 EPS estimates for shares of Brunswick Corporation in a report released on Thursday. SunTrust Banks analyst M. Swartz now forecasts that the company will post earnings per share of $3.85 for the year, down from their previous estimate of $4.02. SunTrust Banks has a “Buy” rating and a $62.00 price target on the stock. SunTrust Banks also issued estimates for Brunswick Corporation’s Q1 2018 earnings at $0.83 EPS, Q2 2018 earnings at $1.48 EPS, Q3 2018 earnings at $1.12 EPS, Q4 2018 earnings at $0.92 EPS, FY2018 earnings at $4.34 EPS and FY2019 earnings at $4.94 EPS.

Several other brokerages have also recently issued reports on BC. Jefferies Group LLC reissued a “hold” rating and issued a $56.00 price objective on shares of Brunswick Corporation in a research note on Friday, July 14th. Stifel Nicolaus increased their price objective on Brunswick Corporation from $66.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, July 14th. BMO Capital Markets reissued a “buy” rating and issued a $72.00 price objective on shares of Brunswick Corporation in a research note on Thursday, July 13th. BidaskClub raised Brunswick Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Finally, Northcoast Research cut Brunswick Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $64.36.

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Brunswick Corporation (NYSE:BC) opened at 50.00 on Monday. The stock has a 50 day moving average price of $55.71 and a 200-day moving average price of $57.11. The stock has a market cap of $4.44 billion, a PE ratio of 15.86 and a beta of 1.85. Brunswick Corporation has a 1-year low of $42.02 and a 1-year high of $63.82.

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

A number of institutional investors have recently bought and sold shares of the business. Somerset Trust Co lifted its holdings in Brunswick Corporation by 0.4% during the second quarter. Somerset Trust Co now owns 9,309 shares of the company’s stock worth $584,000 after buying an additional 39 shares during the period. Aspen Investment Management Inc lifted its holdings in Brunswick Corporation by 0.9% during the second quarter. Aspen Investment Management Inc now owns 5,420 shares of the company’s stock worth $340,000 after buying an additional 50 shares during the period. Advisor Group Inc. lifted its holdings in shares of Brunswick Corporation by 2.7% during the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after purchasing an additional 87 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Brunswick Corporation by 1.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 7,180 shares of the company’s stock valued at $450,000 after purchasing an additional 98 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Brunswick Corporation by 2.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,536 shares of the company’s stock valued at $285,000 after purchasing an additional 106 shares during the last quarter. Institutional investors own 93.65% of the company’s stock.

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

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.

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

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