Brunswick Co. (NYSE:BC) – Equities researchers at Wedbush lowered their Q3 2018 earnings per share (EPS) estimates for Brunswick in a research report issued on Monday, August 13th. Wedbush analyst J. Hardiman now anticipates that the company will post earnings per share of $1.19 for the quarter, down from their prior forecast of $1.20. Wedbush currently has a “Outperform” rating and a $77.00 target price on the stock. Wedbush also issued estimates for Brunswick’s FY2018 earnings at $4.63 EPS and FY2019 earnings at $5.19 EPS.

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, July 26th. The company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.05). The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.35 billion. Brunswick had a return on equity of 24.14% and a net margin of 2.38%. Brunswick’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.35 EPS.

BC has been the topic of several other reports. KeyCorp lifted their target price on Brunswick from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. Jefferies Financial Group reaffirmed a “hold” rating and set a $60.00 target price on shares of Brunswick in a report on Friday, July 27th. Citigroup lifted their target price on Brunswick from $69.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, June 14th. ValuEngine raised Brunswick from a “hold” rating to a “buy” rating in a report on Tuesday, May 1st. Finally, Imperial Capital lifted their price objective on Brunswick from $78.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, July 9th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $73.80.

Shares of NYSE:BC opened at $63.16 on Tuesday. The firm has a market cap of $5.46 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 1.11 and a beta of 1.71. The company has a current ratio of 1.70, a quick ratio of 0.96 and a debt-to-equity ratio of 0.29. Brunswick has a 52 week low of $48.04 and a 52 week high of $69.60.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Tuesday, August 21st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, August 20th. This represents a $0.76 annualized dividend and a yield of 1.20%. Brunswick’s payout ratio is 4.88%.

In other Brunswick news, Chairman Mark D. Schwabero sold 15,237 shares of the business’s stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $67.45, for a total value of $1,027,735.65. Following the transaction, the chairman now directly owns 307,614 shares of the company’s stock, valued at $20,748,564.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider William Metzger sold 13,530 shares of the business’s stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $67.42, for a total value of $912,192.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,270 shares of company stock worth $2,988,288. 1.00% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. lifted its position in shares of Brunswick by 1,186.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,572 shares of the company’s stock valued at $166,000 after acquiring an additional 2,372 shares during the period. CIBC Asset Management Inc acquired a new position in shares of Brunswick during the second quarter valued at about $200,000. GAM Holding AG acquired a new position in shares of Brunswick during the second quarter valued at about $203,000. Greenwood Capital Associates LLC acquired a new position in shares of Brunswick during the second quarter valued at about $216,000. Finally, Independent Advisor Alliance acquired a new position in shares of Brunswick during the second quarter valued at about $218,000. Institutional investors own 95.87% of the company’s stock.

About Brunswick

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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