Brunswick (BC) to Release Quarterly Earnings on Thursday

Brunswick (NYSE:BC) is projected to announce its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.22 per share and revenue of $1.04 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Brunswick Stock Down 2.7 %

NYSE:BC opened at $68.62 on Wednesday. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 17.07 and a beta of 1.54. Brunswick has a twelve month low of $62.64 and a twelve month high of $96.65. The stock’s 50 day moving average price is $71.11 and its two-hundred day moving average price is $76.76. The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17.

Insider Activity at Brunswick

In other news, CEO David M. Foulkes sold 23,829 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the completion of the sale, the chief executive officer now directly owns 251,094 shares in the company, valued at approximately $20,142,760.68. This represents a 8.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Nancy E. Cooper sold 366 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.19, for a total value of $29,349.54. Following the sale, the director now owns 24,557 shares of the company’s stock, valued at approximately $1,969,225.83. The trade was a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. B. Riley lowered Brunswick from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $95.00 to $88.00 in a report on Tuesday, November 26th. Citigroup decreased their target price on Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday. Truist Financial decreased their target price on Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. DA Davidson decreased their target price on Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, January 22nd. Finally, Morgan Stanley decreased their target price on Brunswick from $78.00 to $64.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Brunswick currently has an average rating of “Moderate Buy” and an average target price of $82.54.

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.