Brunswick (BC) Scheduled to Post Earnings on Thursday

Brunswick (NYSE:BC) is scheduled to be releasing 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. Persons interested in participating in the company’s earnings conference call can do so using this link.

Brunswick (NYSE:BC) last released its earnings results on Thursday, February 1st. The company reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.21). Brunswick had a return on equity of 29.78% and a net margin of 6.57%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the business earned $1.99 earnings per share. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year. On average, analysts expect Brunswick to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Brunswick Trading Up 1.2 %

BC opened at $84.91 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.43 and a quick ratio of 0.59. The company’s 50 day simple moving average is $89.28 and its two-hundred day simple moving average is $84.70. Brunswick has a 1-year low of $66.47 and a 1-year high of $99.68. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 14.27 and a beta of 1.56.

Brunswick Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 26th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.98%. This is a positive change from Brunswick’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, February 23rd. Brunswick’s dividend payout ratio (DPR) is 28.24%.

Analyst Ratings Changes

BC has been the subject of a number of recent analyst reports. Raymond James downgraded shares of Brunswick from an “outperform” rating to a “market perform” rating in a report on Thursday, January 4th. Stifel Nicolaus raised their price target on shares of Brunswick from $88.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. DA Davidson restated a “neutral” rating and set a $77.00 price target on shares of Brunswick in a report on Friday, March 15th. B. Riley upgraded shares of Brunswick from a “neutral” rating to a “buy” rating and raised their price target for the stock from $100.00 to $108.00 in a report on Tuesday, February 20th. Finally, Truist Financial dropped their target price on shares of Brunswick from $115.00 to $105.00 and set a “buy” rating for the company in a report on Friday, February 2nd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $92.08.

Insiders Place Their Bets

In other Brunswick news, CEO David M. Foulkes sold 35,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $87.11, for a total value of $3,048,850.00. Following the completion of the transaction, the chief executive officer now owns 272,626 shares in the company, valued at $23,748,450.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO David M. Foulkes sold 35,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $87.11, for a total transaction of $3,048,850.00. Following the completion of the transaction, the chief executive officer now owns 272,626 shares in the company, valued at $23,748,450.86. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Christopher F. Dekker sold 6,234 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $84.53, for a total transaction of $526,960.02. Following the transaction, the vice president now owns 35,176 shares of the company’s stock, valued at approximately $2,973,427.28. The disclosure for this sale can be found here. Insiders sold a total of 52,696 shares of company stock worth $4,574,199 over the last 90 days. Corporate insiders own 0.81% 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.