Brunswick (BC) Scheduled to Post Earnings on Thursday

Brunswick (NYSE:BC) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Brunswick to post earnings of $0.99 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, July 25th. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Brunswick had a return on equity of 26.56% and a net margin of 3.10%. The business’s revenue was down 16.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.50 EPS. On average, analysts expect Brunswick to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of NYSE BC opened at $56.62 on Wednesday. The stock has a market cap of $4.70 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 1.30 and a beta of 1.72. The company has a quick ratio of 1.19, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. Brunswick has a 52-week low of $41.02 and a 52-week high of $58.13. The business has a 50-day moving average price of $52.15 and a 200 day moving average price of $48.45.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Tuesday, November 19th will be given a $0.24 dividend. The ex-dividend date of this dividend is Monday, November 18th. This is a boost from Brunswick’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.70%. Brunswick’s dividend payout ratio is 17.61%.

A number of analysts have weighed in on the company. Citigroup decreased their price objective on Brunswick from $63.00 to $57.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Wedbush reaffirmed an “outperform” rating and set a $60.00 price objective (up from $53.00) on shares of Brunswick in a research report on Thursday, September 12th. They noted that the move was a valuation call. ValuEngine raised Brunswick from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th. KeyCorp increased their price objective on Brunswick from $55.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Finally, Jefferies Financial Group raised Brunswick from a “hold” rating to a “buy” rating and increased their price objective for the stock from $52.00 to $60.00 in a research report on Wednesday, September 4th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $58.74.

In other news, CFO William Metzger sold 15,517 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $53.77, for a total value of $834,349.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by company insiders.

About Brunswick

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, electrical systems, service parts, and lubricants; and integrated propulsion systems to the recreational and commercial marine markets, as well as parts and accessories.

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Earnings History for Brunswick (NYSE:BC)

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