Brunswick Co. (NYSE:BC – Get Rating) – Analysts at Northcoast Research issued their Q2 2022 earnings per share estimates for shares of Brunswick in a note issued to investors on Tuesday, May 17th. Northcoast Research analyst R. Department forecasts that the company will post earnings of $2.75 per share for the quarter. Northcoast Research has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Brunswick’s Q3 2022 earnings at $2.75 EPS, Q4 2022 earnings at $2.09 EPS and FY2023 earnings at $11.35 EPS.
Brunswick (NYSE:BC – Get Rating) last released its quarterly earnings results on Thursday, April 28th. The company reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.20. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.64 billion. Brunswick had a net margin of 9.79% and a return on equity of 35.51%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.24 earnings per share.
Brunswick stock opened at $73.03 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.09 and a current ratio of 2.10. The stock has a market cap of $5.53 billion, a PE ratio of 9.52 and a beta of 1.56. The stock has a 50-day moving average of $80.47 and a two-hundred day moving average of $90.60. Brunswick has a one year low of $71.66 and a one year high of $108.51.
Institutional investors have recently added to or reduced their stakes in the company. National Bank of Canada FI acquired a new position in shares of Brunswick during the 4th quarter worth approximately $25,000. Financial Management Professionals Inc. acquired a new position in Brunswick during the first quarter worth $26,000. Covestor Ltd purchased a new stake in Brunswick in the 4th quarter valued at $32,000. UMB Bank N A MO acquired a new stake in shares of Brunswick in the 4th quarter worth $42,000. Finally, Quent Capital LLC purchased a new position in shares of Brunswick during the 4th quarter worth $45,000. 92.75% of the stock is owned by institutional investors and hedge funds.
In related news, VP Randall S. Altman sold 2,040 shares of Brunswick stock in a transaction dated Monday, March 14th. The stock was sold at an average price of $85.86, for a total value of $175,154.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Christopher F. Dekker sold 7,854 shares of the stock in a transaction that occurred on Friday, February 18th. The shares were sold at an average price of $95.74, for a total value of $751,941.96. The disclosure for this sale can be found here. Company insiders own 0.58% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, May 18th will be paid a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Tuesday, May 17th. Brunswick’s payout ratio is 19.04%.
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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