Brunswick (BC) Scheduled to Post Earnings on Thursday

Brunswick (NYSE:BC) will be posting its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Brunswick to post earnings of $1.34 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, February 1st. The company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.21). Brunswick had a return on equity of 29.78% and a net margin of 6.57%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm earned $1.99 earnings per share. The company’s revenue was down 14.0% compared to the same quarter last year. On average, analysts expect Brunswick to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Brunswick Trading Up 1.2 %

Shares of NYSE BC opened at $84.91 on Tuesday. The business’s 50 day moving average is $89.28 and its two-hundred day moving average is $84.70. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.43 and a quick ratio of 0.59. Brunswick has a 1-year low of $66.47 and a 1-year high of $99.68. The stock has a market capitalization of $5.84 billion, a P/E ratio of 14.27 and a beta of 1.56.

Brunswick Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 26th were paid a dividend of $0.42 per share. This is a boost from Brunswick’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Friday, February 23rd. Brunswick’s payout ratio is presently 28.24%.

Insider Activity at Brunswick

In other Brunswick news, VP Christopher F. Dekker sold 6,234 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $84.53, for a total transaction of $526,960.02. Following the completion of the sale, the vice president now owns 35,176 shares in the company, valued at $2,973,427.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Brunswick news, CFO Ryan M. Gwillim sold 9,036 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $87.10, for a total transaction of $787,035.60. Following the completion of the sale, the chief financial officer now owns 28,966 shares in the company, valued at $2,522,938.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Christopher F. Dekker sold 6,234 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $84.53, for a total value of $526,960.02. Following the sale, the vice president now owns 35,176 shares of the company’s stock, valued at approximately $2,973,427.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,696 shares of company stock worth $4,574,199. Company insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. B. Riley raised Brunswick from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $100.00 to $108.00 in a research note on Tuesday, February 20th. Stifel Nicolaus upped their target price on Brunswick from $88.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Truist Financial cut their target price on Brunswick from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. Roth Mkm upped their target price on Brunswick from $85.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, DA Davidson reaffirmed a “neutral” rating and set a $77.00 target price on shares of Brunswick in a research note on Friday, March 15th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Brunswick presently has an average rating of “Moderate Buy” and a consensus price target of $92.08.

About Brunswick

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.