Brunswick Corporation (NYSE:BC) – Equities researchers at Imperial Capital dropped their FY2017 earnings estimates for shares of Brunswick Corporation in a note issued to investors on Tuesday. Imperial Capital analyst G. Kelly now expects that the company will post earnings per share of $3.86 for the year, down from their previous forecast of $4.06. Imperial Capital has a “Outperform” rating and a $60.00 price target on the stock. Imperial Capital also issued estimates for Brunswick Corporation’s Q4 2017 earnings at $0.76 EPS, Q2 2018 earnings at $1.35 EPS and FY2019 earnings at $4.66 EPS.

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

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Several other equities analysts have also recently issued reports on BC. BidaskClub raised Brunswick Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Northcoast Research cut Brunswick Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 10th. They noted that the move was a valuation call. Zacks Investment Research cut Brunswick Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Royal Bank Of Canada reissued a “buy” rating and issued a $65.00 price objective on shares of Brunswick Corporation in a report on Wednesday, July 12th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $72.00 price objective on shares of Brunswick Corporation in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $63.29.

Hedge funds have recently bought and sold shares of the company. Eagle Asset Management Inc. grew its position in shares of Brunswick Corporation by 27.0% in the second quarter. Eagle Asset Management Inc. now owns 628,565 shares of the company’s stock valued at $39,429,000 after purchasing an additional 133,452 shares in the last quarter. TimesSquare Capital Management LLC grew its position 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. Kempen Capital Management N.V. grew its position in shares of Brunswick Corporation by 60.8% in the second quarter. Kempen Capital Management N.V. now owns 46,077 shares of the company’s stock valued at $2,890,000 after purchasing an additional 17,423 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Brunswick Corporation by 7.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 509,208 shares of the company’s stock valued at $31,943,000 after purchasing an additional 35,081 shares in the last quarter. Finally, Prudential Financial Inc. grew its position in shares of Brunswick Corporation by 85.7% in the second quarter. Prudential Financial Inc. now owns 284,705 shares of the company’s stock valued at $17,859,000 after purchasing an additional 131,430 shares in the last quarter. Institutional investors and hedge funds own 93.65% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, November 21st will be given a $0.19 dividend. 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 dividend on an annualized basis and a dividend yield of 1.50%. Brunswick Corporation’s dividend payout ratio is 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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