Wall Street analysts predict that Brunswick Corporation (NYSE:BC) will report sales of $1.17 billion for the current fiscal quarter, Zacks reports. Eleven analysts have made estimates for Brunswick Corporation’s earnings, with the highest sales estimate coming in at $1.17 billion and the lowest estimate coming in at $1.15 billion. Brunswick Corporation reported sales of $1.09 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 7.3%. The business is scheduled to announce its next quarterly earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Brunswick Corporation will report full year sales of $1.17 billion for the current year, with estimates ranging from $4.80 billion to $4.86 billion. For the next fiscal year, analysts expect that the firm will post sales of $5.16 billion per share, with estimates ranging from $5.05 billion to $5.27 billion. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Brunswick Corporation.
Brunswick Corporation (NYSE:BC) last posted its quarterly earnings data on Thursday, July 27th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.02. Brunswick Corporation had a return on equity of 23.35% and a net margin of 6.13%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the business earned $1.17 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year.
BC has been the topic of a number of research reports. Robert W. Baird reaffirmed a “buy” rating and set a $68.00 target price on shares of Brunswick Corporation in a research note on Friday, September 8th. Zacks Investment Research upgraded shares of Brunswick Corporation from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Thursday, June 29th. BMO Capital Markets cut their price target on shares of Brunswick Corporation from $72.00 to $68.00 and set an “outperform” rating on the stock in a report on Friday, July 28th. KeyCorp reiterated an “overweight” rating and set a $62.00 price target on shares of Brunswick Corporation in a report on Wednesday, August 30th. Finally, BidaskClub lowered shares of Brunswick Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $65.93.
Brunswick Corporation (NYSE:BC) opened at 53.35 on Friday. The firm’s 50-day moving average price is $53.82 and its 200 day moving average price is $57.96. Brunswick Corporation has a 12-month low of $42.02 and a 12-month high of $63.82. The firm has a market cap of $4.73 billion, a P/E ratio of 16.93 and a beta of 1.82.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, August 22nd were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.24%. Brunswick Corporation’s dividend payout ratio is currently 20.95%.
In other news, Chairman Mark D. Schwabero sold 29,552 shares of the business’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $63.74, for a total transaction of $1,883,644.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark D. Schwabero sold 2,738 shares of the business’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $63.72, for a total transaction of $174,465.36. Following the sale, the chairman now directly owns 219,783 shares of the company’s stock, valued at $14,004,572.76. The disclosure for this sale can be found here. Insiders have sold 50,880 shares of company stock worth $3,224,030 in the last quarter. Company insiders own 1.00% of the company’s stock.
Large investors have recently bought and sold shares of the company. Advisors Asset Management Inc. bought a new stake in Brunswick Corporation in the 2nd quarter worth about $134,000. Bronfman E.L. Rothschild L.P. grew its position in Brunswick Corporation by 149.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock worth $160,000 after purchasing an additional 1,529 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Brunswick Corporation by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock worth $202,000 after purchasing an additional 280 shares in the last quarter. Advisor Group Inc. grew its position in Brunswick Corporation by 2.7% in the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock worth $202,000 after purchasing an additional 87 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in Brunswick Corporation in the 1st quarter worth about $207,000. 94.04% of the stock is owned by institutional investors.
Brunswick Corporation 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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