Brunswick Co. (NYSE:BC – Get Rating) – Equities research analysts at DA Davidson issued their Q3 2022 EPS estimates for Brunswick in a research report issued on Monday, August 1st. DA Davidson analyst B. Rolle expects that the company will post earnings per share of $2.65 for the quarter. DA Davidson currently has a “Buy” rating and a $96.00 price target on the stock. The consensus estimate for Brunswick’s current full-year earnings is $10.22 per share. DA Davidson also issued estimates for Brunswick’s FY2022 earnings at $10.30 EPS.
BC has been the subject of a number of other reports. Stifel Nicolaus lowered their target price on shares of Brunswick from $123.00 to $115.00 in a report on Monday, April 25th. Raymond James lowered their target price on shares of Brunswick from $123.00 to $115.00 and set a “maintains” rating for the company in a report on Friday, July 29th. Northcoast Research restated a “neutral” rating on shares of Brunswick in a report on Tuesday, May 17th. JPMorgan Chase & Co. lowered their target price on shares of Brunswick from $117.00 to $115.00 and set an “overweight” rating for the company in a report on Tuesday, June 21st. Finally, StockNews.com upgraded shares of Brunswick from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.58.
Brunswick Price Performance
Brunswick (NYSE:BC – Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The company reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. Brunswick had a net margin of 9.64% and a return on equity of 35.33%. The company’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.52 earnings per share.
Brunswick Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 24th will be paid a $0.365 dividend. The ex-dividend date of this dividend is Tuesday, August 23rd. This represents a $1.46 annualized dividend and a dividend yield of 1.92%. Brunswick’s dividend payout ratio (DPR) is presently 18.32%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in BC. Turtle Creek Asset Management Inc. boosted its stake in shares of Brunswick by 2,164.5% in the first quarter. Turtle Creek Asset Management Inc. now owns 1,022,400 shares of the company’s stock valued at $82,702,000 after purchasing an additional 977,250 shares during the period. First Trust Advisors LP raised its holdings in Brunswick by 34.0% in the fourth quarter. First Trust Advisors LP now owns 2,000,446 shares of the company’s stock valued at $201,505,000 after acquiring an additional 507,894 shares in the last quarter. Cannell & Co. acquired a new stake in Brunswick in the first quarter valued at $39,192,000. American Century Companies Inc. raised its holdings in Brunswick by 22.8% in the first quarter. American Century Companies Inc. now owns 2,000,325 shares of the company’s stock valued at $161,807,000 after acquiring an additional 371,973 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI raised its holdings in Brunswick by 148.0% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 580,540 shares of the company’s stock valued at $58,478,000 after acquiring an additional 346,444 shares in the last quarter. 92.75% of the stock is currently owned by hedge funds and other institutional investors.
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.
- Get a free copy of the StockNews.com research report on Brunswick (BC)
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