Jefferies Financial Group Weighs in on Brunswick Co.’s FY2018 Earnings (BC)

Brunswick Co. (NYSE:BC) – Stock analysts at Jefferies Financial Group increased their FY2018 earnings per share (EPS) estimates for shares of Brunswick in a research note issued to investors on Thursday, October 25th. Jefferies Financial Group analyst R. Konik now forecasts that the company will post earnings per share of $4.67 for the year, up from their previous estimate of $4.64. Jefferies Financial Group currently has a “Hold” rating and a $60.00 target price on the stock.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, October 25th. The company reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. Brunswick had a return on equity of 26.19% and a net margin of 2.12%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.26 billion.



Several other equities research analysts have also commented on the company. TheStreet lowered Brunswick from a “b” rating to a “c+” rating in a research report on Thursday, October 25th. Imperial Capital restated an “outperform” rating and issued a $70.00 price objective (down previously from $90.00) on shares of Brunswick in a research report on Friday. Zacks Investment Research lowered Brunswick from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. ValuEngine lowered Brunswick from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Finally, Citigroup lowered their price objective on Brunswick from $81.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, August 15th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $72.77.

Brunswick stock opened at $48.91 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.67 and a current ratio of 1.29. Brunswick has a 12 month low of $48.27 and a 12 month high of $69.82. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 0.88 and a beta of 1.70.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Tuesday, November 20th will be given a dividend of $0.21 per share. This is a positive change from Brunswick’s previous quarterly dividend of $0.19. The ex-dividend date is Monday, November 19th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.72%. Brunswick’s dividend payout ratio (DPR) is 19.54%.

In other news, insider John C. Pfeifer sold 5,446 shares of the stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $66.95, for a total transaction of $364,609.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

Large investors have recently made changes to their positions in the company. PointState Capital LP acquired a new position in Brunswick in the 2nd quarter valued at $10,059,000. Baird Financial Group Inc. raised its stake in Brunswick by 33.9% in the 2nd quarter. Baird Financial Group Inc. now owns 29,106 shares of the company’s stock valued at $1,877,000 after purchasing an additional 7,372 shares during the last quarter. Point72 Hong Kong Ltd raised its stake in Brunswick by 244.6% in the 2nd quarter. Point72 Hong Kong Ltd now owns 3,405 shares of the company’s stock valued at $220,000 after purchasing an additional 2,417 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in Brunswick by 11.9% in the 2nd quarter. Gamco Investors INC. ET AL now owns 82,800 shares of the company’s stock valued at $5,339,000 after purchasing an additional 8,800 shares during the last quarter. Finally, Raymond James & Associates raised its stake in Brunswick by 12.8% in the 2nd quarter. Raymond James & Associates now owns 24,775 shares of the company’s stock valued at $1,597,000 after purchasing an additional 2,805 shares during the last quarter. Hedge funds and other institutional investors own 95.70% of the company’s stock.

Brunswick Company Profile

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and lubricants; and diesel propulsion systems to the recreational and commercial marine markets.

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Earnings History and Estimates for Brunswick (NYSE:BC)

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