Brunswick Co. to Post FY2022 Earnings of $10.30 Per Share, KeyCorp Forecasts (NYSE:BC)

Brunswick Co. (NYSE:BCGet Rating) – Investment analysts at KeyCorp increased their FY2022 earnings per share estimates for Brunswick in a report issued on Sunday, July 31st. KeyCorp analyst B. Andress now forecasts that the company will earn $10.30 per share for the year, up from their previous estimate of $10.10. KeyCorp currently has a “Overweight” rating and a $88.00 target price on the stock. The consensus estimate for Brunswick’s current full-year earnings is $10.22 per share. KeyCorp also issued estimates for Brunswick’s Q4 2022 earnings at $2.20 EPS, Q1 2023 earnings at $2.77 EPS, Q2 2023 earnings at $3.29 EPS, Q3 2023 earnings at $2.83 EPS, Q4 2023 earnings at $2.25 EPS and FY2023 earnings at $11.15 EPS.

Brunswick (NYSE:BCGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.12. Brunswick had a return on equity of 35.33% and a net margin of 9.64%. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter last year, the business earned $2.52 earnings per share. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year.

A number of other equities analysts have also recently issued reports on the company. BMO Capital Markets reduced their target price on Brunswick from $105.00 to $90.00 in a report on Monday, May 2nd. MKM Partners assumed coverage on Brunswick in a research report on Wednesday, July 13th. They set a “buy” rating and a $96.00 price target on the stock. B. Riley dropped their price target on Brunswick from $120.00 to $101.00 and set a “buy” rating on the stock in a research report on Tuesday, June 21st. Citigroup dropped their price target on Brunswick from $123.00 to $106.00 and set a “buy” rating on the stock in a research report on Tuesday, April 19th. Finally, JPMorgan Chase & Co. dropped their price target on Brunswick from $117.00 to $115.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 21st. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $105.58.

Brunswick Price Performance

Shares of BC opened at $75.90 on Tuesday. The company has a current ratio of 1.99, a quick ratio of 0.97 and a debt-to-equity ratio of 1.25. Brunswick has a 1 year low of $61.89 and a 1 year high of $108.51. The stock has a market cap of $5.75 billion, a P/E ratio of 9.52 and a beta of 1.62. The stock’s 50-day moving average price is $70.96 and its two-hundred day moving average price is $80.12.

Institutional Trading of Brunswick

Several institutional investors have recently added to or reduced their stakes in BC. CX Institutional acquired a new position in shares of Brunswick during the 2nd quarter worth $611,000. Barden Capital Management Inc. grew its position in shares of Brunswick by 1,468.5% in the 2nd quarter. Barden Capital Management Inc. now owns 162,799 shares of the company’s stock valued at $583,000 after buying an additional 152,420 shares during the last quarter. Treasurer of the State of North Carolina grew its position in shares of Brunswick by 13.9% in the 2nd quarter. Treasurer of the State of North Carolina now owns 32,294 shares of the company’s stock valued at $2,111,000 after buying an additional 3,943 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its position in shares of Brunswick by 3.6% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 14,277 shares of the company’s stock valued at $933,000 after buying an additional 491 shares during the last quarter. Finally, Comerica Bank grew its position in shares of Brunswick by 0.8% in the 2nd quarter. Comerica Bank now owns 56,469 shares of the company’s stock valued at $4,182,000 after buying an additional 475 shares during the last quarter. 92.75% of the stock is currently owned by institutional investors.

Brunswick Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 24th will be given a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Tuesday, August 23rd. Brunswick’s dividend payout ratio (DPR) is 18.32%.

About Brunswick

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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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Earnings History and Estimates for Brunswick (NYSE:BC)

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