Wall Street analysts expect that Brunswick Co. (NYSE:BC) will announce $0.95 earnings per share for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for Brunswick’s earnings, with the highest EPS estimate coming in at $0.99 and the lowest estimate coming in at $0.86. Brunswick posted earnings of $0.84 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.1%. The firm is scheduled to report its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Brunswick will report full-year earnings of $4.59 per share for the current financial year, with EPS estimates ranging from $4.51 to $4.66. For the next fiscal year, analysts expect that the company will post earnings of $5.15 per share, with EPS estimates ranging from $5.06 to $5.25. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Brunswick.
Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.04). The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Brunswick had a net margin of 3.09% and a return on equity of 22.52%. Brunswick’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 EPS.
Shares of Brunswick (NYSE:BC) traded down $0.58 during trading hours on Monday, reaching $61.88. 471,483 shares of the company traded hands, compared to its average volume of 955,027. The stock has a market capitalization of $5,468.83, a PE ratio of 38.92, a P/E/G ratio of 0.84 and a beta of 1.83. Brunswick has a 12 month low of $48.04 and a 12 month high of $64.45. The company has a current ratio of 1.78, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.76 annualized dividend and a yield of 1.23%. Brunswick’s payout ratio is presently 47.80%.
In other news, insider John C. Pfeifer sold 3,780 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total value of $207,748.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher F. Dekker sold 3,100 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $58.84, for a total transaction of $182,404.00. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Inc. raised its holdings in Brunswick by 108.6% during the 3rd quarter. Advisor Group Inc. now owns 6,896 shares of the company’s stock valued at $386,000 after buying an additional 3,590 shares during the last quarter. Prudential Financial Inc. increased its position in Brunswick by 106.9% during the 3rd quarter. Prudential Financial Inc. now owns 589,175 shares of the company’s stock valued at $32,976,000 after purchasing an additional 304,470 shares during the period. Candriam Luxembourg S.C.A. purchased a new position in Brunswick during the 3rd quarter valued at $3,322,000. Cannell Peter B & Co. Inc. increased its position in Brunswick by 25.3% during the 3rd quarter. Cannell Peter B & Co. Inc. now owns 635,980 shares of the company’s stock valued at $35,596,000 after purchasing an additional 128,390 shares during the period. Finally, Contrarian Capital Management L.L.C. purchased a new position in Brunswick during the 3rd quarter valued at $1,373,000. Hedge funds and other institutional investors own 93.79% of the company’s stock.
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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