Brunswick Co. (NYSE:BC) – Equities researchers at Imperial Capital issued their Q1 2019 earnings estimates for Brunswick in a research note issued to investors on Monday. Imperial Capital analyst G. Kelly anticipates that the company will earn $0.96 per share for the quarter. Imperial Capital currently has a “Outperform” rating and a $70.00 target price on the stock. Imperial Capital also issued estimates for Brunswick’s Q2 2019 earnings at $1.51 EPS, Q3 2019 earnings at $1.43 EPS and Q4 2019 earnings at $1.17 EPS.
Other equities research analysts have also recently issued research reports about the company. Citigroup increased their target price on Brunswick from $66.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded Brunswick from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. BMO Capital Markets increased their price target on Brunswick to $69.00 and gave the company an “outperform” rating in a report on Monday. CL King restated a “neutral” rating on shares of Brunswick in a report on Friday, February 2nd. Finally, B. Riley increased their price target on Brunswick from $65.00 to $68.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company. Brunswick currently has a consensus rating of “Buy” and a consensus price target of $65.47.
Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.04). Brunswick had a net margin of 3.09% and a return on equity of 22.52%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the business earned $0.66 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis.
Several institutional investors have recently made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in Brunswick in the fourth quarter worth about $128,000. Ladenburg Thalmann Financial Services Inc. raised its stake in Brunswick by 1,158.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock valued at $132,000 after purchasing an additional 2,201 shares during the period. Advisor Group Inc. raised its stake in Brunswick by 2.7% during the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after purchasing an additional 87 shares during the period. Nomura Holdings Inc. acquired a new stake in Brunswick during the 2nd quarter valued at $240,000. Finally, Boothbay Fund Management LLC acquired a new stake in Brunswick during the 3rd quarter valued at $252,000. Hedge funds and other institutional investors own 91.53% of the company’s stock.
In other news, insider John C. Pfeifer sold 3,780 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $54.96, for a total transaction of $207,748.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.
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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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