Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Brunswick Corporation (BC) Stock Price
News stories about Brunswick Corporation (NYSE:BC) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Brunswick Corporation earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.7466803494096 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Brunswick Corporation (BC) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Anthony Gismondi: Interprovincial wine sales under the spotlight once again (vancouversun.com)
- Zacks: Analysts Anticipate Brunswick Corporation (BC) Will Post Quarterly Sales of $1.17 Billion (americanbankingnews.com)
- TransCanada abandons Canada east-west pipeline bid (enca.com)
- Alberta will not sell weed online — at least not at first (news.vice.com)
A number of equities research analysts have commented on BC shares. BidaskClub raised shares of Brunswick Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Aegis reissued a “buy” rating and set a $73.00 price objective on shares of Brunswick Corporation in a report on Thursday, August 17th. Forward View raised shares of Brunswick Corporation from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Sunday, September 3rd. Northcoast Research lowered shares of Brunswick Corporation from a “buy” rating to a “neutral” rating in a report on Monday, July 10th. They noted that the move was a valuation call. Finally, ValuEngine lowered shares of Brunswick Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $65.54.
Shares of Brunswick Corporation (NYSE:BC) opened at 57.58 on Monday. The company has a 50 day moving average of $53.91 and a 200-day moving average of $57.43. The firm has a market capitalization of $5.11 billion, a P/E ratio of 18.27 and a beta of 1.85. Brunswick Corporation has a 12 month low of $42.02 and a 12 month high of $63.82.
Brunswick Corporation (NYSE:BC) last announced its earnings results on Thursday, July 27th. The company reported $1.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.02. Brunswick Corporation had a return on equity of 23.35% and a net margin of 6.13%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the business posted $1.17 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. Analysts predict that Brunswick Corporation will post $4.05 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, August 22nd were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Friday, August 18th. Brunswick Corporation’s payout ratio is presently 20.95%.
In other Brunswick Corporation news, Chairman Mark D. Schwabero sold 2,738 shares of the business’s 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 transaction, the chairman now directly owns 219,783 shares of the company’s stock, valued at $14,004,572.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by 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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