Brunswick (BC) Scheduled to Post Quarterly Earnings on Thursday

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

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

Brunswick Trading Up 0.6 %

Shares of NYSE BC opened at $83.89 on Thursday. Brunswick has a 1-year low of $66.47 and a 1-year high of $99.68. The company has a 50-day moving average of $79.54 and a two-hundred day moving average of $79.73. The company has a market cap of $5.67 billion, a PE ratio of 15.59 and a beta of 1.51. The company has a current ratio of 1.70, a quick ratio of 0.75 and a debt-to-equity ratio of 1.18.

Brunswick Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 20th will be given a $0.42 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.68 dividend on an annualized basis and a yield of 2.00%. Brunswick’s payout ratio is 31.23%.

Analyst Upgrades and Downgrades

Several analysts have commented on BC shares. Citigroup upped their target price on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, September 27th. B. Riley cut their target price on Brunswick from $108.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Roth Mkm restated a “buy” rating and set a $94.00 target price on shares of Brunswick in a research report on Thursday, July 25th. Stifel Nicolaus cut their price target on shares of Brunswick from $97.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Finally, Robert W. Baird reduced their price objective 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. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.23.

Insider Buying and Selling at Brunswick

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

Brunswick Company Profile

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.