Brunswick Co. (NYSE:BC) – Wedbush reduced their Q3 2018 earnings per share estimates for shares of Brunswick in a report released on Monday, August 13th. Wedbush analyst J. Hardiman now anticipates that the company will earn $1.19 per share for the quarter, down from their previous estimate of $1.20. Wedbush currently has a “Outperform” rating and a $77.00 target price on the stock. Wedbush also issued estimates for Brunswick’s FY2018 earnings at $4.63 EPS and FY2019 earnings at $5.19 EPS.
Brunswick (NYSE:BC) last announced its earnings results on Thursday, July 26th. The company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.05). Brunswick had a net margin of 2.38% and a return on equity of 24.14%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the company posted $1.35 earnings per share. Brunswick’s quarterly revenue was up 3.6% on a year-over-year basis.
Shares of NYSE:BC opened at $63.16 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.70 and a quick ratio of 0.96. The stock has a market capitalization of $5.46 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 1.11 and a beta of 1.71. Brunswick has a one year low of $48.04 and a one year high of $69.60.
Institutional investors and hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Brunswick by 18.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,618 shares of the company’s stock valued at $334,000 after purchasing an additional 861 shares in the last quarter. Bahl & Gaynor Inc. increased its holdings in shares of Brunswick by 3.3% in the 1st quarter. Bahl & Gaynor Inc. now owns 65,237 shares of the company’s stock valued at $3,874,000 after purchasing an additional 2,079 shares in the last quarter. Partnervest Advisory Services LLC purchased a new position in Brunswick in the first quarter valued at about $238,000. Twin Capital Management Inc. purchased a new position in Brunswick in the first quarter valued at about $523,000. Finally, Guggenheim Capital LLC increased its holdings in Brunswick by 37.2% in the fourth quarter. Guggenheim Capital LLC now owns 20,455 shares of the company’s stock valued at $1,129,000 after buying an additional 5,546 shares in the last quarter. Institutional investors and hedge funds own 95.87% of the company’s stock.
In other Brunswick news, insider William Metzger sold 13,530 shares of the stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $67.42, for a total value of $912,192.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark D. Schwabero sold 16,262 shares of the stock in a transaction on Thursday, May 31st. The stock was sold at an average price of $63.54, for a total value of $1,033,287.48. The disclosure for this sale can be found here. Insiders have sold 45,270 shares of company stock valued at $2,988,288 over the last three months. 1.00% of the stock is currently owned by corporate insiders.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Tuesday, August 21st will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, August 20th. This represents a $0.76 annualized dividend and a yield of 1.20%. Brunswick’s dividend payout ratio is currently 4.88%.
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, service parts, and lubricants; and diesel propulsion systems to the recreational and commercial marine markets.
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