Wall Street brokerages forecast that Brunswick Corporation (NYSE:BC) will report sales of $1.14 billion for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Brunswick Corporation’s earnings. The highest sales estimate is $1.15 billion and the lowest is $1.12 billion. Brunswick Corporation posted sales of $1.08 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.6%. The business is expected to issue its next quarterly earnings report on Thursday, January 25th.

According to Zacks, analysts expect that Brunswick Corporation will report full-year sales of $1.14 billion for the current year, with estimates ranging from $4.78 billion to $4.83 billion. For the next financial year, analysts expect that the firm will post sales of $5.07 billion per share, with estimates ranging from $4.97 billion to $5.18 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Brunswick Corporation.

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

Several analysts recently issued reports on BC shares. Aegis reiterated a “buy” rating and set a $73.00 price target on shares of Brunswick Corporation in a research report on Thursday, August 17th. B. Riley reiterated a “buy” rating and set a $70.00 price target on shares of Brunswick Corporation in a research report on Friday, July 28th. BidaskClub lowered shares of Brunswick Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Royal Bank Of Canada reiterated a “buy” rating and set a $67.00 price target on shares of Brunswick Corporation in a research report on Thursday, August 31st. Finally, KeyCorp reiterated a “buy” rating and set a $62.00 price target on shares of Brunswick Corporation in a research report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $62.50.

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Shares of Brunswick Corporation (BC) opened at $48.81 on Monday. The company has a current ratio of 1.81, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The stock has a market cap of $4,280.14, a P/E ratio of 12.95, a P/E/G ratio of 0.78 and a beta of 1.87. Brunswick Corporation has a 52-week low of $46.70 and a 52-week high of $63.82.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 21st will be paid a $0.19 dividend. This is an increase from Brunswick Corporation’s previous quarterly dividend of $0.17. The ex-dividend date is Monday, November 20th. This represents a $0.76 annualized dividend and a yield of 1.56%. Brunswick Corporation’s dividend payout ratio is presently 21.29%.

Several hedge funds have recently added to or reduced their stakes in the company. Aspen Investment Management Inc raised its stake in shares of Brunswick Corporation by 0.9% during the second quarter. Aspen Investment Management Inc now owns 5,420 shares of the company’s stock valued at $340,000 after acquiring an additional 50 shares during the last quarter. Advisor Group Inc. raised its stake in shares of Brunswick Corporation by 2.7% during the second quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after acquiring an additional 87 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Brunswick Corporation by 1.4% during the second quarter. Teacher Retirement System of Texas now owns 7,180 shares of the company’s stock valued at $450,000 after acquiring an additional 98 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Brunswick Corporation by 2.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 4,536 shares of the company’s stock valued at $285,000 after acquiring an additional 106 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Brunswick Corporation by 1.5% during the second quarter. HighTower Advisors LLC now owns 8,107 shares of the company’s stock valued at $509,000 after acquiring an additional 122 shares during the last quarter. 88.93% of the stock is owned by hedge funds and other institutional investors.

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

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