Wall Street analysts expect Brunswick Co. (NYSE:BC) to report sales of $1.16 billion for the current fiscal quarter, Zacks reports. Ten analysts have made estimates for Brunswick’s earnings, with estimates ranging from $1.13 billion to $1.24 billion. Brunswick also posted sales of $1.16 billion during the same quarter last year. The company is scheduled to report its next earnings report on Thursday, April 26th.
On average, analysts expect that Brunswick will report full year sales of $1.16 billion for the current fiscal year, with estimates ranging from $4.75 billion to $4.80 billion. For the next financial year, analysts anticipate that the firm will post sales of $5.06 billion per share, with estimates ranging from $5.00 billion to $5.11 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Brunswick.
Brunswick (NYSE:BC) last released its earnings results on Thursday, February 1st. The company reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.04). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.13 billion. Brunswick had a return on equity of 22.52% and a net margin of 3.09%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 earnings per share.
In other Brunswick news, VP Christopher F. Dekker sold 3,100 shares of Brunswick stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $58.84, for a total transaction of $182,404.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John C. Pfeifer sold 3,780 shares of Brunswick stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total value of $207,748.80. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the business. Advisor Group Inc. grew its holdings in shares of Brunswick by 108.6% during the third quarter. Advisor Group Inc. now owns 6,896 shares of the company’s stock worth $386,000 after purchasing an additional 3,590 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Brunswick by 106.9% during the third quarter. Prudential Financial Inc. now owns 589,175 shares of the company’s stock worth $32,976,000 after purchasing an additional 304,470 shares in the last quarter. Candriam Luxembourg S.C.A. purchased a new position in shares of Brunswick during the third quarter worth about $3,322,000. Cannell Peter B & Co. Inc. grew its holdings in shares of Brunswick by 25.3% during the third quarter. Cannell Peter B & Co. Inc. now owns 635,980 shares of the company’s stock worth $35,596,000 after purchasing an additional 128,390 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in shares of 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. 93.79% of the stock is owned by institutional investors and hedge funds.
Shares of Brunswick (BC) opened at $61.20 on Wednesday. Brunswick has a 52 week low of $48.04 and a 52 week high of $64.45. The company has a market capitalization of $5,418.04, a price-to-earnings ratio of 16.28, a PEG ratio of 0.83 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.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Monday, February 26th. Brunswick’s payout ratio is presently 47.80%.
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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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