Brunswick Co. to Post FY2018 Earnings of $4.62 Per Share, SunTrust Banks Forecasts (BC)
Brunswick Co. (NYSE:BC) – Stock analysts at SunTrust Banks lifted their FY2018 earnings estimates for shares of Brunswick in a research note issued to investors on Wednesday. SunTrust Banks analyst M. Swartz now anticipates that the company will post earnings of $4.62 per share for the year, up from their previous estimate of $4.58. SunTrust Banks also issued estimates for Brunswick’s Q4 2018 earnings at $1.00 EPS.
Brunswick (NYSE:BC) last announced its earnings results on Thursday, February 1st. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.04). The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.13 billion. Brunswick had a net margin of 3.09% and a return on equity of 22.52%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 earnings per share.
Brunswick (NYSE:BC) opened at $61.18 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.78 and a quick ratio of 1.04. The stock has a market cap of $5,333.11, a price-to-earnings ratio of 38.48, a price-to-earnings-growth ratio of 0.82 and a beta of 1.83. Brunswick has a 12 month low of $48.04 and a 12 month high of $64.45.
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 is Monday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 1.24%. Brunswick’s payout ratio is currently 47.80%.
In other Brunswick news, insider John C. Pfeifer sold 3,780 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total transaction of $207,748.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Christopher F. Dekker sold 3,100 shares of the business’s stock in a transaction 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. 1.00% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of BC. Cerebellum GP LLC purchased a new stake in shares of Brunswick during the 4th quarter worth $128,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Brunswick by 1,158.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock worth $132,000 after purchasing an additional 2,201 shares in the last quarter. Annex Advisory Services LLC purchased a new stake in shares of Brunswick during the 4th quarter worth $238,000. Boothbay Fund Management LLC purchased a new stake in shares of Brunswick in the 3rd quarter worth about $252,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Brunswick in the 2nd quarter worth about $263,000. Institutional investors own 89.61% of the company’s stock.
Brunswick 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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