Research Analysts Offer Predictions for Brunswick Corporation’s Q1 2018 Earnings (BC)
Brunswick Corporation (NYSE:BC) – Research analysts at Imperial Capital issued their Q1 2018 earnings estimates for Brunswick Corporation in a report issued on Tuesday. Imperial Capital analyst G. Kelly expects that the company will post earnings per share of $0.93 for the quarter. Imperial Capital has a “Outperform” rating and a $60.00 price objective on the stock. Imperial Capital also issued estimates for Brunswick Corporation’s Q3 2018 earnings at $1.05 EPS, Q4 2018 earnings at $0.89 EPS and FY2018 earnings at $4.23 EPS.
Brunswick Corporation (NYSE:BC) last posted 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). The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.16 billion. Brunswick Corporation had a net margin of 5.93% and a return on equity of 22.71%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $0.91 earnings per share. ILLEGAL ACTIVITY NOTICE: This piece of content was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/11/01/research-analysts-offer-predictions-for-brunswick-corporations-q1-2018-earnings-bc.html.
Other analysts have also issued research reports about the stock. Forward View set a $60.00 price objective on shares of Brunswick Corporation and gave the stock a “hold” rating in a report on Sunday, July 30th. BidaskClub lowered shares of Brunswick Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research lowered shares of Brunswick Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $65.00 price objective on shares of Brunswick Corporation in a report on Wednesday, July 12th. Finally, BMO Capital Markets dropped their price objective on shares of Brunswick Corporation from $68.00 to $62.00 and set an “outperform” rating for the company in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $63.29.
Shares of Brunswick Corporation (NYSE:BC) traded up 2.25% during trading on Wednesday, reaching $51.79. The company had a trading volume of 989,570 shares. Brunswick Corporation has a 12-month low of $42.02 and a 12-month high of $63.82. The company has a market cap of $4.59 billion, a P/E ratio of 16.43 and a beta of 1.85. The firm has a 50-day moving average of $55.58 and a 200-day moving average of $57.02.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 21st will be issued a $0.19 dividend. The ex-dividend date is Monday, November 20th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.50%. This is a positive change from Brunswick Corporation’s previous quarterly dividend of $0.17. Brunswick Corporation’s dividend payout ratio (DPR) is currently 21.29%.
Several institutional investors have recently modified their holdings of BC. AJO LP increased its holdings in shares of Brunswick Corporation by 1,548.4% in 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. acquired a new stake in shares of Brunswick Corporation in the second quarter valued at approximately $42,936,000. Boston Partners increased its holdings in shares of Brunswick Corporation by 3.8% in 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 increased its holdings in shares of Brunswick Corporation by 17.1% in 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, Canada Pension Plan Investment Board increased its holdings in shares of Brunswick Corporation by 249.4% in the third quarter. Canada Pension Plan Investment Board now owns 305,400 shares of the company’s stock valued at $17,093,000 after purchasing an additional 218,000 shares in the last quarter. 93.65% of the stock is 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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