Analysts Issue Forecasts for Brunswick Co.’s FY2017 Earnings (BC)
Brunswick Co. (NYSE:BC) – Investment analysts at B. Riley issued their FY2017 earnings per share (EPS) estimates for Brunswick in a research note issued to investors on Wednesday. B. Riley analyst E. Wold forecasts that the company will post earnings of $3.83 per share for the year. B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for Brunswick’s Q4 2017 earnings at $0.73 EPS, Q1 2018 earnings at $0.91 EPS, Q2 2018 earnings at $1.46 EPS, Q3 2018 earnings at $1.13 EPS, Q4 2018 earnings at $0.83 EPS, FY2018 earnings at $4.33 EPS, Q1 2019 earnings at $1.01 EPS, Q2 2019 earnings at $1.61 EPS, Q3 2019 earnings at $1.25 EPS and FY2019 earnings at $4.78 EPS.
BC has been the topic of several other reports. Zacks Investment Research raised Brunswick from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. BMO Capital Markets restated a “buy” rating and set a $68.00 target price on shares of Brunswick in a report on Friday, October 13th. ValuEngine upgraded Brunswick from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Royal Bank Of Canada reiterated a “buy” rating on shares of Brunswick in a report on Tuesday, October 3rd. Finally, Aegis reissued a “buy” rating and issued a $73.00 target price on shares of Brunswick in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $62.50.
Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.09). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.16 billion. Brunswick had a return on equity of 22.71% and a net margin of 5.93%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 21st will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Monday, November 20th. This is an increase from Brunswick’s previous quarterly dividend of $0.17. Brunswick’s dividend payout ratio is 24.52%.
Several hedge funds and other institutional investors have recently made changes to their positions in BC. AJO LP lifted its stake in shares of Brunswick by 1,548.4% during the second quarter. AJO LP now owns 1,538,793 shares of the company’s stock valued at $96,528,000 after buying an additional 1,445,444 shares during the period. Boston Partners raised its stake in Brunswick by 3.8% during the second quarter. Boston Partners now owns 9,306,042 shares of the company’s stock worth $583,768,000 after purchasing an additional 338,212 shares during the period. Prudential Financial Inc. raised its stake in Brunswick by 106.9% during the third quarter. Prudential Financial Inc. now owns 589,175 shares of the company’s stock worth $32,976,000 after purchasing an additional 304,470 shares during the period. TimesSquare Capital Management LLC raised its stake in Brunswick by 17.1% during the second quarter. TimesSquare Capital Management LLC now owns 1,950,700 shares of the company’s stock worth $122,367,000 after purchasing an additional 284,300 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in Brunswick by 249.4% during the third quarter. Canada Pension Plan Investment Board now owns 305,400 shares of the company’s stock worth $17,093,000 after purchasing an additional 218,000 shares during the period. 92.66% of the stock is currently owned by institutional investors.
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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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