Brunswick (BC) Scheduled to Post Quarterly Earnings on Thursday

Brunswick (NYSE:BC) is set to release its earnings data before the market opens on Thursday, April 25th. Analysts expect Brunswick to post earnings of $1.34 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, February 1st. The company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.21). The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Brunswick had a net margin of 6.57% and a return on equity of 29.78%. Brunswick’s quarterly revenue was down 14.0% on a year-over-year basis. During the same period last year, the firm earned $1.99 earnings per share. On average, analysts expect Brunswick to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Brunswick Stock Performance

Shares of NYSE:BC opened at $82.78 on Thursday. Brunswick has a one year low of $66.47 and a one year high of $99.68. The firm has a market cap of $5.70 billion, a PE ratio of 13.91 and a beta of 1.56. The firm’s 50 day simple moving average is $89.44 and its 200-day simple moving average is $84.49. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.59 and a current ratio of 1.43.

Brunswick Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, February 26th were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.68 annualized dividend and a dividend yield of 2.03%. This is a positive change from Brunswick’s previous quarterly dividend of $0.40. Brunswick’s payout ratio is currently 28.24%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Truist Financial cut their price objective on shares of Brunswick from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, February 2nd. Raymond James cut Brunswick from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 4th. Roth Mkm increased their price target on Brunswick from $85.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus raised their price target on Brunswick from $88.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, BNP Paribas reissued a “neutral” rating and set a $82.00 target price (down previously from $94.00) on shares of Brunswick in a research report on Monday. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Brunswick currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.69.

Insider Activity

In other news, CEO David M. Foulkes sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $87.11, for a total value of $3,048,850.00. Following the completion of the sale, the chief executive officer now directly owns 272,626 shares in the company, valued at $23,748,450.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP John G. Buelow sold 2,426 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $87.12, for a total value of $211,353.12. Following the transaction, the executive vice president now directly owns 14,199 shares of the company’s stock, valued at approximately $1,237,016.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David M. Foulkes sold 35,000 shares of Brunswick stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $87.11, for a total value of $3,048,850.00. Following the completion of the sale, the chief executive officer now owns 272,626 shares in the company, valued at $23,748,450.86. The disclosure for this sale can be found here. Insiders have sold 52,696 shares of company stock worth $4,574,199 in the last ninety days. Company insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Brunswick

Several institutional investors and hedge funds have recently added to or reduced their stakes in BC. Rockefeller Capital Management L.P. grew its position in shares of Brunswick by 104.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 520 shares of the company’s stock valued at $36,000 after purchasing an additional 266 shares in the last quarter. Fred Alger Management LLC acquired a new position in Brunswick during the first quarter worth $40,000. Neo Ivy Capital Management purchased a new stake in Brunswick in the 2nd quarter valued at $46,000. International Assets Investment Management LLC acquired a new stake in shares of Brunswick in the 1st quarter worth $52,000. Finally, Covestor Ltd raised its holdings in shares of Brunswick by 200.3% during the 1st quarter. Covestor Ltd now owns 961 shares of the company’s stock worth $78,000 after acquiring an additional 641 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

About Brunswick

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.