Zacks: Brokerages Expect Brunswick Co. (NYSE:BC) to Announce $1.29 EPS

Equities analysts expect Brunswick Co. (NYSE:BC) to report $1.29 earnings per share for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Brunswick’s earnings, with the highest EPS estimate coming in at $1.48 and the lowest estimate coming in at $0.98. Brunswick posted earnings per share of $1.10 during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.3%. The business is expected to announce its next earnings results on Thursday, October 22nd.

According to Zacks, analysts expect that Brunswick will report full year earnings of $4.08 per share for the current fiscal year, with EPS estimates ranging from $3.24 to $4.33. For the next financial year, analysts forecast that the business will post earnings of $5.15 per share, with EPS estimates ranging from $4.49 to $5.59. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Brunswick.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.54. Brunswick had a positive return on equity of 23.56% and a negative net margin of 0.84%. The business had revenue of $987.80 million during the quarter, compared to analysts’ expectations of $801.62 million. During the same period in the previous year, the firm posted $1.45 earnings per share. The company’s revenue was down 15.2% on a year-over-year basis.

Several research analysts recently commented on BC shares. KeyCorp boosted their target price on Brunswick from $72.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Raymond James reissued a “buy” rating on shares of Brunswick in a research note on Thursday, September 10th. Zacks Investment Research raised Brunswick from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Tuesday, June 16th. B. Riley reissued a “buy” rating and set a $88.00 target price on shares of Brunswick in a research note on Friday, July 31st. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Brunswick in a research note on Sunday, June 7th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $63.14.

In other news, VP Randall S. Altman sold 3,746 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $65.06, for a total value of $243,714.76. Following the completion of the sale, the vice president now directly owns 13,011 shares of the company’s stock, valued at approximately $846,495.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Treasurer of the State of North Carolina raised its stake in Brunswick by 71.0% during the 1st quarter. Treasurer of the State of North Carolina now owns 33,422 shares of the company’s stock valued at $1,182,000 after acquiring an additional 13,880 shares during the last quarter. State of Michigan Retirement System increased its position in Brunswick by 27.5% during the 2nd quarter. State of Michigan Retirement System now owns 28,813 shares of the company’s stock worth $1,844,000 after purchasing an additional 6,213 shares during the period. Nordea Investment Management AB increased its position in Brunswick by 100.9% during the 2nd quarter. Nordea Investment Management AB now owns 157,020 shares of the company’s stock worth $9,950,000 after purchasing an additional 78,870 shares during the period. New York State Common Retirement Fund increased its position in Brunswick by 68.1% during the 1st quarter. New York State Common Retirement Fund now owns 261,869 shares of the company’s stock worth $9,262,000 after purchasing an additional 106,078 shares during the period. Finally, Virtu Financial LLC acquired a new position in Brunswick during the 2nd quarter worth approximately $267,000.

BC traded up $1.18 on Wednesday, hitting $62.05. 1,112,368 shares of the company were exchanged, compared to its average volume of 936,807. Brunswick has a twelve month low of $25.22 and a twelve month high of $73.99. The company has a market cap of $4.91 billion, a price-to-earnings ratio of -248.20 and a beta of 2.03. The company has a current ratio of 1.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average price of $63.58 and a two-hundred day moving average price of $53.82.

The company also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Tuesday, August 25th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Monday, August 24th. Brunswick’s payout ratio is currently 22.17%.

Brunswick Company Profile

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 and Estimates for Brunswick (NYSE:BC)

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