Brunswick (BC) to Release Earnings on Thursday

Brunswick (NYSE:BC) will post its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Brunswick to post earnings of $1.18 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Brunswick (NYSE:BC) last released its earnings results on Thursday, July 25th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.10). The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Brunswick had a net margin of 5.92% and a return on equity of 23.46%. Brunswick’s revenue for the quarter was down 15.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.35 earnings per share. On average, analysts expect Brunswick to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Brunswick Stock Performance

Brunswick stock opened at $78.82 on Wednesday. Brunswick has a twelve month low of $66.47 and a twelve month high of $99.68. The company has a quick ratio of 0.75, a current ratio of 1.70 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $5.33 billion, a P/E ratio of 14.65 and a beta of 1.51. The stock’s 50 day moving average is $80.08 and its 200 day moving average is $79.28.

Brunswick Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Wednesday, November 20th. Brunswick’s payout ratio is 31.23%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BC shares. Benchmark reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Brunswick in a research report on Friday, July 26th. Northcoast Research raised Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Monday, July 29th. Stifel Nicolaus reduced their target price on shares of Brunswick from $97.00 to $95.00 and set a “buy” rating for the company in a report on Friday, July 12th. Robert W. Baird dropped their price target on shares of Brunswick from $95.00 to $93.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Finally, Roth Mkm reissued a “buy” rating and set a $94.00 price objective on shares of Brunswick in a research report on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.23.

Insider Activity at Brunswick

In other news, Director Nancy E. Cooper sold 358 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $81.34, for a total value of $29,119.72. Following the transaction, the director now directly owns 23,877 shares in the company, valued at $1,942,155.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is owned by corporate insiders.

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.