Brunswick Co. (BC) Issues FY13 Earnings Guidance
Brunswick Co. (BC) issued an update on its FY13 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.20-2.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.24.
Shares of Brunswick Co. (BC) opened at 32.81 on Thursday. Brunswick Co. (BC) has a 52 week low of $19.35 and a 52 week high of $33.29. The stock’s 50-day moving average is currently $29.08. The company has a market cap of $2.937 billion and a P/E ratio of 31.55.
Brunswick last announced its earnings results on Thursday, January 24th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.09. The company had revenue of $829.80 million for the quarter, compared to the consensus estimate of $849.27 million. During the same quarter in the previous year, the company posted ($0.30) earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Brunswick has set its FY13 guidance at $2.20-2.45 EPS. On average, analysts predict that Brunswick Co. (BC) will post $1.74 earnings per share for the current fiscal year.
BC has been the subject of a number of recent research reports. Analysts at BMO Capital Markets upgraded shares of Brunswick from a market perform rating to an outperform rating in a research note to investors on Wednesday, January 2nd. They now have a $36.00 price target on the stock, up previously from $25.00. On a related note, analysts at Zacks downgraded shares of Brunswick from an outperform rating to a neutral rating in a research note to investors on Tuesday, January 1st. They now have a $30.00 price target on the stock. Finally, analysts at Wedbush reiterated an outperform rating on shares of Brunswick in a research note to investors on Friday, December 28th. They now have a $31.00 price target on the stock.
Brunswick Corporation (Brunswick) is a global manufacturer and marketer of recreation products, including marine engines, boats, fitness equipment and bowling and billiards equipment.
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