Q4 2018 Earnings Estimate for Brunswick Co. Issued By Northcoast Research (BC)

Brunswick Co. (NYSE:BC) – Equities research analysts at Northcoast Research reduced their Q4 2018 earnings per share estimates for shares of Brunswick in a report issued on Wednesday. Northcoast Research analyst S. Woolf now expects that the company will earn $0.87 per share for the quarter, down from their previous estimate of $0.91. Northcoast Research currently has a “Buy” rating and a $64.00 target price on the stock.

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.70 earnings per share 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 business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year.

BC has been the topic of several other reports. Stifel Nicolaus reduced their price target on Brunswick from $68.00 to $61.00 and set a “buy” rating on the stock in a report on Friday, October 27th. BMO Capital Markets reduced their price objective on Brunswick from $68.00 to $62.00 and set an “outperform” rating on the stock in a report on Friday, October 27th. Zacks Investment Research upgraded Brunswick from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Royal Bank of Canada raised their price objective on Brunswick and gave the stock an “outperform” rating in a report on Wednesday, December 6th. Finally, SunTrust Banks restated a “buy” rating and set a $62.00 price objective on shares of Brunswick in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. Brunswick presently has a consensus rating of “Buy” and a consensus price target of $65.47.

Shares of Brunswick (NYSE:BC) traded up $0.23 during midday trading on Friday, hitting $56.95. The stock had a trading volume of 1,147,331 shares, compared to its average volume of 987,684. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 1.78. Brunswick has a 12-month low of $48.04 and a 12-month high of $64.45. The stock has a market capitalization of $4,970.00, a P/E ratio of 30.01, a price-to-earnings-growth ratio of 0.78 and a beta of 1.81.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisor Group Inc. boosted its position in Brunswick by 108.6% during the 3rd quarter. Advisor Group Inc. now owns 6,896 shares of the company’s stock valued at $386,000 after acquiring an additional 3,590 shares in the last quarter. Prudential Financial Inc. boosted its position 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 in the last quarter. Candriam Luxembourg S.C.A. bought a new stake in Brunswick during the 3rd quarter valued at $3,322,000. Tudor Investment Corp ET AL bought a new stake in Brunswick during the 2nd quarter valued at $348,000. Finally, Strs Ohio boosted its position in Brunswick by 30.4% during the 3rd quarter. Strs Ohio now owns 150,000 shares of the company’s stock valued at $8,395,000 after acquiring an additional 35,000 shares in the last quarter. 91.53% of the stock is currently owned by institutional investors and hedge funds.

In other Brunswick news, insider John C. Pfeifer sold 3,780 shares of the firm’s stock in a transaction on 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 filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

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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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