Wall Street brokerages forecast that Brunswick Co. (NYSE:BC) will post $1.05 billion in sales for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Brunswick’s earnings, with estimates ranging from $1.02 billion to $1.11 billion. Brunswick posted sales of $976.60 million in the same quarter last year, which would indicate a positive year over year growth rate of 7.5%. The company is scheduled to announce its next earnings report on Thursday, October 22nd.
On average, analysts expect that Brunswick will report full-year sales of $4.01 billion for the current financial year, with estimates ranging from $3.95 billion to $4.05 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $4.39 billion, with estimates ranging from $4.27 billion to $4.57 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Brunswick.
Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.54. Brunswick had a negative net margin of 0.84% and a positive return on equity of 23.56%. The business had revenue of $987.80 million for the quarter, compared to analyst estimates of $801.62 million. During the same period last year, the firm earned $1.45 earnings per share. Brunswick’s revenue for the quarter was down 15.2% compared to the same quarter last year.
In other Brunswick news, VP Randall S. Altman sold 3,746 shares of Brunswick stock in a transaction on Friday, August 14th. The shares were sold at an average price of $65.06, for a total transaction of $243,714.76. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of BC. Marshall Wace LLP purchased a new position in Brunswick during the 2nd quarter worth $51,863,000. Channing Capital Management LLC boosted its holdings in shares of Brunswick by 308.3% in the 1st quarter. Channing Capital Management LLC now owns 748,122 shares of the company’s stock worth $26,461,000 after buying an additional 564,913 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Brunswick by 74.2% in the 1st quarter. Franklin Resources Inc. now owns 1,265,653 shares of the company’s stock worth $44,766,000 after buying an additional 539,053 shares during the last quarter. Levin Capital Strategies L.P. bought a new stake in Brunswick in the 2nd quarter valued at about $33,936,000. Finally, Nuveen Asset Management LLC raised its stake in Brunswick by 53.6% in the 1st quarter. Nuveen Asset Management LLC now owns 1,185,896 shares of the company’s stock valued at $41,945,000 after acquiring an additional 413,847 shares during the period.
Brunswick stock traded up $1.18 during trading hours on Friday, reaching $62.05. 1,112,368 shares of the stock were exchanged, compared to its average volume of 936,807. The company has a market cap of $4.91 billion, a P/E 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. Brunswick has a twelve month low of $25.22 and a twelve month high of $73.99. The stock has a 50 day moving average of $63.58 and a two-hundred day moving average of $53.82.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Tuesday, August 25th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Monday, August 24th. Brunswick’s dividend payout ratio is 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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