Analysts Issue Forecasts for Brunswick Co.’s Q1 2019 Earnings (BC)

Brunswick Co. (NYSE:BC) – Imperial Capital issued their Q1 2019 EPS estimates for Brunswick in a research report issued on Monday. Imperial Capital analyst G. Kelly anticipates that the company will earn $0.96 per share for the quarter. Imperial Capital has a “Outperform” rating and a $70.00 price target on the stock. Imperial Capital also issued estimates for Brunswick’s Q2 2019 earnings at $1.51 EPS, Q3 2019 earnings at $1.43 EPS and Q4 2019 earnings at $1.17 EPS.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, February 1st. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.04). Brunswick had a return on equity of 22.52% and a net margin of 3.09%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the business posted $0.66 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis.

Several other research firms also recently commented on BC. Royal Bank of Canada reduced their price objective on Brunswick from $67.00 to $56.00 and set an “outperform” rating for the company in a report on Monday, November 6th. Northcoast Research raised Brunswick from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. B. Riley upped their price objective on Brunswick from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised Brunswick from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Finally, CL King restated a “neutral” rating on shares of Brunswick in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $65.47.

Shares of Brunswick (BC) traded down $0.39 during trading on Wednesday, hitting $58.54. 205,310 shares of the stock traded hands, compared to its average volume of 982,650. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.78 and a quick ratio of 1.04. Brunswick has a 1 year low of $48.04 and a 1 year high of $64.45. The company has a market capitalization of $5,100.92, a PE ratio of 37.06, a price-to-earnings-growth ratio of 0.78 and a beta of 1.82.

Institutional investors and hedge funds have recently modified their holdings of the business. Prudential Financial Inc. raised its stake in Brunswick by 106.9% during the 3rd quarter. Prudential Financial Inc. now owns 589,175 shares of the company’s stock valued at $32,976,000 after acquiring an additional 304,470 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in Brunswick by 12.3% during the third quarter. TimesSquare Capital Management LLC now owns 2,191,300 shares of the company’s stock worth $122,647,000 after buying an additional 240,600 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in Brunswick by 249.4% during the third quarter. Canada Pension Plan Investment Board now owns 305,400 shares of the company’s stock worth $17,093,000 after buying an additional 218,000 shares during the last quarter. Schroder Investment Management Group grew its stake in Brunswick by 13.2% during the third quarter. Schroder Investment Management Group now owns 1,673,989 shares of the company’s stock worth $92,823,000 after buying an additional 195,394 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in Brunswick by 10.2% during the third quarter. Victory Capital Management Inc. now owns 1,581,911 shares of the company’s stock worth $88,539,000 after buying an additional 146,661 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors.

In related news, insider John C. Pfeifer sold 3,780 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $54.96, for a total transaction of $207,748.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by company insiders.

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Brunswick 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 (NYSE:BC)

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