Brunswick Corporation (NYSE:BC) – Investment analysts at SunTrust Banks dropped their FY2017 earnings per share estimates for Brunswick Corporation in a report issued on Thursday. SunTrust Banks analyst M. Swartz now anticipates that the company will post earnings of $3.85 per share for the year, down from their prior estimate of $4.02. SunTrust Banks currently has a “Buy” rating and a $62.00 price target on the stock. SunTrust Banks also issued estimates for Brunswick Corporation’s Q1 2018 earnings at $0.83 EPS, Q2 2018 earnings at $1.48 EPS, Q3 2018 earnings at $1.12 EPS, Q4 2018 earnings at $0.92 EPS, FY2018 earnings at $4.34 EPS and FY2019 earnings at $4.94 EPS.
A number of other equities analysts also recently issued reports on the company. Stifel Nicolaus lifted their price target on Brunswick Corporation from $66.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, July 14th. BMO Capital Markets reiterated a “buy” rating and set a $72.00 price objective on shares of Brunswick Corporation in a research note on Thursday, July 13th. Royal Bank Of Canada restated a “buy” rating and set a $65.00 price target on shares of Brunswick Corporation in a research note on Wednesday, July 12th. B. Riley reiterated a “buy” rating and issued a $70.00 price objective on shares of Brunswick Corporation in a research note on Friday, July 28th. Finally, BidaskClub downgraded shares of Brunswick Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $63.29.
Brunswick Corporation (NYSE BC) traded up 1.09% during mid-day trading on Monday, hitting $51.20. The company had a trading volume of 444,364 shares. The firm has a market capitalization of $4.54 billion, a PE ratio of 16.24 and a beta of 1.85. Brunswick Corporation has a 12-month low of $42.02 and a 12-month high of $63.82. The company’s 50 day moving average price is $55.58 and its 200-day moving average price is $57.02.
Brunswick Corporation (NYSE:BC) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.09). Brunswick Corporation had a net margin of 5.93% and a return on equity of 22.71%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the business earned $0.91 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year.
Large investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. acquired a new position in Brunswick Corporation during the second quarter worth about $134,000. Bronfman E.L. Rothschild L.P. grew its holdings in Brunswick Corporation by 149.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock worth $160,000 after acquiring an additional 1,529 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Brunswick Corporation by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock worth $202,000 after acquiring an additional 280 shares during the period. Advisor Group Inc. grew its holdings in Brunswick Corporation by 2.7% during the second quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock worth $202,000 after acquiring an additional 87 shares during the period. Finally, Pitcairn Co. acquired a new position in Brunswick Corporation during the second quarter worth about $213,000. 93.65% of the stock is currently owned by hedge funds and other institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 21st will be issued a dividend of $0.19 per share. This is a positive change from Brunswick Corporation’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Monday, November 20th. Brunswick Corporation’s payout ratio is presently 21.29%.
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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