Zacks: Analysts Anticipate Brunswick Co. (BC) Will Post Quarterly Sales of $1.17 Billion

Equities analysts expect Brunswick Co. (NYSE:BC) to announce sales of $1.17 billion for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Brunswick’s earnings. The highest sales estimate is $1.24 billion and the lowest is $1.13 billion. Brunswick posted sales of $1.16 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.9%. The company is scheduled to issue its next earnings results on Thursday, April 26th.

On average, analysts expect that Brunswick will report full-year sales of $1.17 billion for the current financial year, with estimates ranging from $4.75 billion to $4.79 billion. For the next fiscal year, analysts expect that the business will post sales of $5.05 billion per share, with estimates ranging from $5.01 billion to $5.09 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Brunswick.

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

A number of brokerages have recently commented on BC. BMO Capital Markets reduced their target price on shares of Brunswick from $68.00 to $62.00 and set an “outperform” rating for the company in a report on Friday, October 27th. Robert W. Baird reaffirmed a “buy” rating and issued a $65.00 target price on shares of Brunswick in a report on Friday, December 22nd. Imperial Capital reaffirmed a “buy” rating and issued a $65.00 target price on shares of Brunswick in a report on Wednesday, December 13th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Brunswick from a “sell” rating to a “hold” rating in a report on Thursday, January 18th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $62.00 target price on shares of Brunswick in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $65.47.

Shares of Brunswick (BC) opened at $58.30 on Thursday. Brunswick has a 1 year low of $48.04 and a 1 year high of $64.45. The firm has a market cap of $5,100.92, a price-to-earnings ratio of 37.06, a P/E/G ratio of 0.78 and a beta of 1.82. The company has a quick ratio of 1.04, a current ratio of 1.78 and a debt-to-equity ratio of 0.29.

In related news, insider John C. Pfeifer sold 3,780 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total transaction of $207,748.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in Brunswick by 4.3% during the third quarter. JPMorgan Chase & Co. now owns 2,928,462 shares of the company’s stock worth $162,382,000 after purchasing an additional 120,485 shares in the last quarter. TimesSquare Capital Management LLC raised its holdings 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 purchasing an additional 240,600 shares in the last quarter. Schroder Investment Management Group raised its holdings 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 purchasing an additional 195,394 shares in the last quarter. Victory Capital Management Inc. raised its holdings 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 purchasing an additional 146,661 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Brunswick by 8.0% during the third quarter. Dimensional Fund Advisors LP now owns 901,104 shares of the company’s stock worth $50,433,000 after purchasing an additional 66,840 shares in the last quarter. 91.53% of the stock is owned by hedge funds and other institutional investors.

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About Brunswick

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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