Brunswick Co. (NYSE:BC) – Research analysts at B. Riley boosted their Q4 2018 earnings per share (EPS) estimates for shares of Brunswick in a research note issued to investors on Tuesday, October 16th. B. Riley analyst E. Wold now expects that the company will post earnings of $0.93 per share for the quarter, up from their prior forecast of $0.90. B. Riley has a “Buy” rating and a $90.00 price target on the stock. B. Riley also issued estimates for Brunswick’s Q2 2019 earnings at $1.70 EPS, Q4 2019 earnings at $1.15 EPS, FY2019 earnings at $5.34 EPS, Q1 2020 earnings at $1.30 EPS, Q2 2020 earnings at $1.87 EPS and Q3 2020 earnings at $1.46 EPS.
A number of other research firms also recently commented on BC. ValuEngine upgraded Brunswick from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Zacks Investment Research downgraded Brunswick from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Imperial Capital increased their price target on Brunswick from $78.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, July 9th. KeyCorp increased their price target on Brunswick from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $60.00 price target on shares of Brunswick in a report on Friday, July 27th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Brunswick currently has a consensus rating of “Buy” and a consensus price target of $74.31.
NYSE BC opened at $59.72 on Wednesday. The stock has a market capitalization of $5.81 billion, a P/E ratio of 15.35, a P/E/G ratio of 1.18 and a beta of 1.70. The company has a quick ratio of 0.96, a current ratio of 1.70 and a debt-to-equity ratio of 0.29. Brunswick has a 12 month low of $48.04 and a 12 month high of $69.82.
Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, July 26th. The company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.05). The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.35 billion. Brunswick had a net margin of 2.38% and a return on equity of 24.14%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.35 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Tuesday, November 20th will be issued a $0.21 dividend. This is an increase from Brunswick’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Monday, November 19th. Brunswick’s dividend payout ratio is 19.54%.
In other news, insider John C. Pfeifer sold 5,446 shares of the company’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $66.95, for a total transaction of $364,609.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of BC. Voya Investment Management LLC boosted its position in shares of Brunswick by 84.5% during the second quarter. Voya Investment Management LLC now owns 2,873,040 shares of the company’s stock worth $185,254,000 after buying an additional 1,315,663 shares during the period. FMR LLC boosted its position in shares of Brunswick by 30.3% during the second quarter. FMR LLC now owns 2,704,125 shares of the company’s stock worth $174,362,000 after buying an additional 628,227 shares during the period. OppenheimerFunds Inc. boosted its position in shares of Brunswick by 1,754.3% during the second quarter. OppenheimerFunds Inc. now owns 425,625 shares of the company’s stock worth $27,445,000 after buying an additional 402,671 shares during the period. LSV Asset Management boosted its position in shares of Brunswick by 52.6% during the second quarter. LSV Asset Management now owns 795,140 shares of the company’s stock worth $51,270,000 after buying an additional 274,100 shares during the period. Finally, UBS Group AG boosted its position in shares of Brunswick by 263.6% during the first quarter. UBS Group AG now owns 356,181 shares of the company’s stock worth $21,154,000 after buying an additional 258,227 shares during the period. 96.27% of the stock is owned by institutional investors.
Brunswick Company Profile
Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and lubricants; and diesel propulsion systems to the recreational and commercial marine markets.
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