Research Analysts Set Expectations for Brunswick Co.’s Q2 2024 Earnings (NYSE:BC)

Brunswick Co. (NYSE:BC) – Investment analysts at DA Davidson issued their Q2 2024 earnings estimates for shares of Brunswick in a note issued to investors on Friday, April 26th. DA Davidson analyst B. Rolle forecasts that the company will earn $1.85 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $77.00 price target on the stock. The consensus estimate for Brunswick’s current full-year earnings is $7.43 per share. DA Davidson also issued estimates for Brunswick’s FY2025 earnings at $8.00 EPS.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.01). The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Brunswick had a return on equity of 25.37% and a net margin of 6.24%. The business’s revenue for the quarter was down 21.7% compared to the same quarter last year. During the same period last year, the company earned $2.57 earnings per share.

Several other brokerages also recently commented on BC. Roth Mkm reiterated a “buy” rating and issued a $94.00 target price on shares of Brunswick in a report on Thursday. Raymond James lowered shares of Brunswick from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 4th. Stifel Nicolaus upped their target price on Brunswick from $88.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. B. Riley upgraded Brunswick from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $100.00 to $108.00 in a report on Tuesday, February 20th. Finally, BNP Paribas reissued a “neutral” rating and issued a $82.00 price objective (down previously from $94.00) on shares of Brunswick in a research report on Monday, April 15th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.83.

Brunswick Trading Up 1.4 %

NYSE BC opened at $81.08 on Monday. The company has a current ratio of 1.68, a quick ratio of 0.59 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $5.58 billion, a P/E ratio of 15.07 and a beta of 1.56. The business has a fifty day simple moving average of $89.02 and a 200 day simple moving average of $84.93. Brunswick has a 12 month low of $66.47 and a 12 month high of $99.68.

Brunswick Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, February 26th were paid a dividend of $0.42 per share. This is an increase from Brunswick’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, February 23rd. This represents a $1.68 annualized dividend and a dividend yield of 2.07%. Brunswick’s dividend payout ratio is presently 31.23%.

Insider Buying and Selling

In other news, EVP John G. Buelow sold 2,426 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $87.12, for a total value of $211,353.12. Following the sale, the executive vice president now owns 14,199 shares of the company’s stock, valued at $1,237,016.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO David M. Foulkes sold 35,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $87.11, for a total transaction of $3,048,850.00. Following the sale, the chief executive officer now directly owns 272,626 shares in the company, valued at approximately $23,748,450.86. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John G. Buelow sold 2,426 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $87.12, for a total value of $211,353.12. Following the completion of the transaction, the executive vice president now owns 14,199 shares of the company’s stock, valued at approximately $1,237,016.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,696 shares of company stock valued at $4,574,199. 0.81% of the stock is owned by insiders.

Institutional Investors Weigh In On Brunswick

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Copeland Capital Management LLC boosted its position in shares of Brunswick by 0.4% in the third quarter. Copeland Capital Management LLC now owns 857,047 shares of the company’s stock valued at $67,707,000 after acquiring an additional 3,513 shares during the period. Commonwealth Equity Services LLC lifted its stake in Brunswick by 3.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 16,503 shares of the company’s stock worth $1,304,000 after purchasing an additional 535 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Brunswick by 5.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,658 shares of the company’s stock valued at $289,000 after purchasing an additional 205 shares during the period. Tectonic Advisors LLC grew its position in shares of Brunswick by 10.3% during the 3rd quarter. Tectonic Advisors LLC now owns 13,036 shares of the company’s stock valued at $1,030,000 after purchasing an additional 1,222 shares in the last quarter. Finally, FinTrust Capital Advisors LLC increased its holdings in shares of Brunswick by 40.6% in the third quarter. FinTrust Capital Advisors LLC now owns 1,101 shares of the company’s stock worth $87,000 after purchasing an additional 318 shares during the period. 99.34% of the stock is currently owned by institutional investors.

Brunswick Company Profile

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.