Brunswick (BC) Set to Announce Quarterly Earnings on Thursday

Brunswick (NYSE:BC) will post its quarterly earnings results before the market opens on Thursday, October 28th. Analysts expect the company to announce earnings of $1.94 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Brunswick (NYSE:BC) last released its earnings results on Wednesday, July 28th. The company reported $2.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.37. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Brunswick had a return on equity of 38.99% and a net margin of 10.81%. On average, analysts expect Brunswick to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Shares of NYSE:BC opened at $91.27 on Wednesday. The firm has a 50 day simple moving average of $99.41 and a 200-day simple moving average of $100.55. The company has a market capitalization of $7.07 billion, a PE ratio of 12.38 and a beta of 1.84. Brunswick has a twelve month low of $61.00 and a twelve month high of $117.62. The company has a current ratio of 1.59, a quick ratio of 0.92 and a debt-to-equity ratio of 0.47.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Tuesday, November 23rd will be given a dividend of $0.335 per share. The ex-dividend date is Monday, November 22nd. This represents a $1.34 dividend on an annualized basis and a yield of 1.47%. Brunswick’s payout ratio is 26.43%.

In other Brunswick news, VP Brenna Preisser sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 17th. The shares were sold at an average price of $102.75, for a total value of $102,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.44% of the company’s stock.

A hedge fund recently raised its stake in Brunswick stock. Morgan Stanley increased its position in Brunswick Co. (NYSE:BC) by 30.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 191,039 shares of the company’s stock after purchasing an additional 44,214 shares during the period. Morgan Stanley owned about 0.25% of Brunswick worth $19,032,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 92.73% of the company’s stock.

BC has been the subject of several research reports. Zacks Investment Research raised Brunswick from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a report on Monday, October 11th. Robert W. Baird reaffirmed a “buy” rating on shares of Brunswick in a report on Sunday, August 1st. Royal Bank of Canada raised their price objective on shares of Brunswick from $113.00 to $115.00 and gave the stock a “sector perform” rating in a report on Friday, July 30th. Raymond James increased their price target on shares of Brunswick from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Friday, July 30th. Finally, BMO Capital Markets boosted their price objective on Brunswick from $105.00 to $110.00 and gave the company a “market perform” rating in a report on Monday, August 2nd. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Brunswick has an average rating of “Buy” and a consensus target price of $119.87.

Brunswick Company Profile

Brunswick Corp. engages in the design, manufacture, and marketing of recreational marine products including marine engines, boats, and parts and accessories for those products. It operates through the following segments: Propulsion, Parts & Accessories and Boat. The Propulsion segment manufactures and markets a full range of outboard, sterndrive, and inboard engines, as well as propulsion-related controls, propellers, and rigging parts and accessories.

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Earnings History for Brunswick (NYSE:BC)

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