Equities research analysts forecast that Brunswick Co. (NYSE:BC) will announce earnings per share (EPS) of $0.95 for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Brunswick’s earnings, with the lowest EPS estimate coming in at $0.86 and the highest estimate coming in at $0.99. Brunswick posted earnings of $0.84 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 13.1%. The firm is expected to issue its next earnings results on Thursday, April 26th.
On average, analysts expect that Brunswick will report full-year earnings of $4.59 per share for the current year, with EPS estimates ranging from $4.51 to $4.66. For the next financial year, analysts anticipate that the company will post earnings of $5.15 per share, with EPS estimates ranging from $5.06 to $5.25. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Brunswick.
Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.04). The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.13 billion. Brunswick had a net margin of 3.09% and a return on equity of 22.52%. Brunswick’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.
Brunswick (BC) traded down $0.58 on Monday, reaching $61.88. 471,483 shares of the company traded hands, compared to its average volume of 955,027. The company has a market capitalization of $5,468.83, a price-to-earnings ratio of 38.92, a P/E/G ratio of 0.84 and a beta of 1.83. 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 one year low of $48.04 and a one year high of $64.45.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be given a $0.19 dividend. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.23%. Brunswick’s dividend payout ratio (DPR) is currently 47.80%.
In other news, insider John C. Pfeifer sold 3,780 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total value of $207,748.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher F. Dekker sold 3,100 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $58.84, for a total transaction of $182,404.00. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Delphi Management Inc. MA boosted its position in shares of Brunswick by 2.5% in the fourth quarter. Delphi Management Inc. MA now owns 37,028 shares of the company’s stock valued at $2,045,000 after acquiring an additional 900 shares during the period. Teachers Advisors LLC raised its stake in Brunswick by 1.1% in the fourth quarter. Teachers Advisors LLC now owns 97,458 shares of the company’s stock valued at $5,382,000 after purchasing an additional 1,060 shares in the last quarter. M&T Bank Corp raised its stake in Brunswick by 17.3% in the fourth quarter. M&T Bank Corp now owns 8,605 shares of the company’s stock valued at $476,000 after purchasing an additional 1,271 shares in the last quarter. OppenheimerFunds Inc. raised its stake in Brunswick by 6.6% in the fourth quarter. OppenheimerFunds Inc. now owns 24,589 shares of the company’s stock valued at $1,358,000 after purchasing an additional 1,528 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Brunswick by 47.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,757 shares of the company’s stock valued at $263,000 after purchasing an additional 1,540 shares in the last quarter. Institutional investors own 93.79% 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.
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