Research Analysts Set Expectations for Brunswick Co.’s Q1 2022 Earnings (NYSE:BC)

Brunswick Co. (NYSE:BC – Get Rating) – Equities research analysts at DA Davidson issued their Q1 2022 earnings per share (EPS) estimates for Brunswick in a research note issued on Tuesday, April 26th. DA Davidson analyst B. Rolle expects that the company will earn $2.35 per share for the quarter. DA Davidson has a “Buy” rating and a $96.00 price target on the stock. DA Davidson also issued estimates for Brunswick’s FY2022 earnings at $10.00 EPS and FY2023 earnings at $11.35 EPS.

Brunswick (NYSE:BC – Get Rating) last released its quarterly earnings results on Thursday, January 27th. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.33 by $0.11. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.38 billion. Brunswick had a net margin of 10.15% and a return on equity of 36.12%. Brunswick’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.32 EPS.

Other research analysts have also issued reports about the stock. Truist Financial reduced their target price on shares of Brunswick from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, January 26th. Raymond James increased their price objective on shares of Brunswick from $120.00 to $121.00 and gave the stock an “outperform” rating in a report on Friday, January 28th. StockNews.com started coverage on shares of Brunswick in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Citigroup cut their price target on shares of Brunswick from $123.00 to $106.00 and set a “buy” rating on the stock in a report on Tuesday, April 19th. Finally, Stifel Nicolaus cut their price target on shares of Brunswick from $123.00 to $115.00 in a report on Monday. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $116.29.

Shares of BC opened at $74.53 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.64 and a current ratio of 1.47. Brunswick has a 1 year low of $72.71 and a 1 year high of $117.62. The stock has a market capitalization of $5.71 billion, a P/E ratio of 9.85 and a beta of 1.63. The company’s fifty day moving average is $84.90 and its two-hundred day moving average is $92.54.

Institutional investors and hedge funds have recently modified their holdings of the stock. Neuberger Berman Group LLC increased its position in Brunswick by 3.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 176,851 shares of the company’s stock worth $16,837,000 after buying an additional 6,335 shares during the period. Van ECK Associates Corp grew its position in Brunswick by 24.7% in the fourth quarter. Van ECK Associates Corp now owns 2,022 shares of the company’s stock valued at $204,000 after acquiring an additional 400 shares during the period. Bridgewater Advisors Inc. bought a new stake in Brunswick in the fourth quarter valued at $1,387,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Brunswick by 44.0% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 168,500 shares of the company’s stock valued at $16,053,000 after acquiring an additional 51,499 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in Brunswick by 26.0% in the third quarter. Commonwealth Equity Services LLC now owns 3,446 shares of the company’s stock valued at $328,000 after acquiring an additional 710 shares during the period. 93.98% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP Christopher F. Dekker sold 7,854 shares of Brunswick stock in a transaction dated Friday, February 18th. The shares were sold at an average price of $95.74, for a total transaction of $751,941.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Ryan M. Gwillim sold 1,000 shares of Brunswick stock in a transaction dated Thursday, February 17th. The stock was sold at an average price of $97.09, for a total value of $97,090.00. The disclosure for this sale can be found here. Insiders have sold 10,894 shares of company stock valued at $1,024,186 in the last three months. Corporate insiders own 0.58% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Wednesday, February 23rd were given a dividend of $0.365 per share. The ex-dividend date of this dividend was Tuesday, February 22nd. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.96%. This is an increase from Brunswick’s previous quarterly dividend of $0.34. Brunswick’s dividend payout ratio (DPR) is presently 19.29%.

About Brunswick (Get Rating)

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. It operates through Propulsion; Parts & Accessories; and Boat segments. The Propulsion segment provides outboard, sterndrive, and inboard engines for independent boat builders and governments through marine dealers and distributors, specialty marine retailers, and marine service centers; and propulsion-related controls, rigging, and propellers to original equipment manufacturers and aftermarket retailers, distributors, and distribution businesses.

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