Somewhat Positive News Coverage Somewhat Unlikely to Affect Brunswick Corporation (BC) Share Price
Media headlines about Brunswick Corporation (NYSE:BC) have trended somewhat positive this week, Accern reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Brunswick Corporation earned a news impact score of 0.09 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.3888375468426 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Noteworthy Thursday Option Activity: BC, GRA, REGN (stockoptionschannel.com)
- Watch for Brunswick Corp to Potentially Rebound After Falling 5.70% Yesterday (mysmartrend.com)
- Brunswick Corporation (BC) Research Coverage Started at Aegis (americanbankingnews.com)
- White Supremacist Group Uses Detroit Red Wings Logo at Rally (fishinghd.com)
- Brunswick Corporation Completes Headquarters Relocation to Mettawa, IL (thefishingwire.com)
Several equities analysts have recently issued reports on BC shares. B. Riley reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Brunswick Corporation in a research note on Friday, April 28th. Zacks Investment Research raised shares of Brunswick Corporation from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Brunswick Corporation in a research note on Sunday, June 11th. BidaskClub raised shares of Brunswick Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Northcoast Research cut shares of Brunswick Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $65.82.
Brunswick Corporation (NYSE BC) traded down 7.41% on Thursday, hitting $51.49. 3,562,567 shares of the stock traded hands. Brunswick Corporation has a 12-month low of $42.02 and a 12-month high of $63.82. The stock has a market capitalization of $4.57 billion, a P/E ratio of 16.34 and a beta of 1.81. The company’s 50 day moving average price is $58.93 and its 200-day moving average price is $59.03.
Brunswick Corporation (NYSE:BC) last announced its quarterly earnings results on Thursday, July 27th. The company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.02. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Brunswick Corporation had a net margin of 6.13% and a return on equity of 23.35%. Brunswick Corporation’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the company posted $1.17 EPS. Analysts predict that Brunswick Corporation will post $4.05 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 22nd will be given a $0.165 dividend. The ex-dividend date of this dividend is Friday, August 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.28%. Brunswick Corporation’s dividend payout ratio is 20.95%.
In related news, Chairman Mark D. Schwabero sold 3,289 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $63.73, for a total transaction of $209,607.97. Following the completion of the sale, the chairman now directly owns 219,799 shares of the company’s stock, valued at approximately $14,007,790.27. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Mark D. Schwabero sold 2,738 shares of the stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $63.72, for a total value of $174,465.36. Following the sale, the chairman now directly owns 219,783 shares of the company’s stock, valued at $14,004,572.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,439 shares of company stock valued at $3,258,968. 1.00% of the stock is owned by company insiders.
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Brunswick Corporation Company Profile
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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