Brunswick (BC) to Release Quarterly Earnings on Thursday

Brunswick (NYSE:BC) is set to release its earnings data before the market opens on Thursday, April 25th. Analysts expect Brunswick to post earnings of $1.34 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, February 1st. The company reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.21). The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Brunswick had a net margin of 6.57% and a return on equity of 29.78%. The firm’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.99 earnings per share. On average, analysts expect Brunswick to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Brunswick Trading Down 2.5 %

NYSE:BC opened at $82.78 on Thursday. Brunswick has a 1 year low of $66.47 and a 1 year high of $99.68. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.59 and a current ratio of 1.43. The stock has a fifty day moving average price of $89.44 and a two-hundred day moving average price of $84.49. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 13.91 and a beta of 1.56.

Brunswick Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, February 26th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, February 23rd. This is a boost from Brunswick’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.03%. Brunswick’s dividend payout ratio is 28.24%.

Wall Street Analyst Weigh In

Several research firms have weighed in on BC. B. Riley raised Brunswick from a “neutral” rating to a “buy” rating and upped their target price for the company from $100.00 to $108.00 in a report on Tuesday, February 20th. DA Davidson reiterated a “neutral” rating and set a $77.00 price objective on shares of Brunswick in a research report on Friday, March 15th. Roth Mkm upped their target price on shares of Brunswick from $85.00 to $94.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Raymond James downgraded shares of Brunswick from an “outperform” rating to a “market perform” rating in a report on Thursday, January 4th. Finally, Truist Financial reduced their price objective on shares of Brunswick from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.69.

Insider Transactions at Brunswick

In other Brunswick news, VP Christopher F. Dekker sold 6,234 shares of Brunswick stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $84.53, for a total value of $526,960.02. Following the completion of the transaction, the vice president now directly owns 35,176 shares in the company, valued at $2,973,427.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Ryan M. Gwillim sold 9,036 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $87.10, for a total value of $787,035.60. Following the completion of the transaction, the chief financial officer now directly owns 28,966 shares of the company’s stock, valued at approximately $2,522,938.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher F. Dekker sold 6,234 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $84.53, for a total value of $526,960.02. Following the completion of the transaction, the vice president now directly owns 35,176 shares of the company’s stock, valued at approximately $2,973,427.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,696 shares of company stock worth $4,574,199. 0.81% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Brunswick

Several institutional investors have recently bought and sold shares of the stock. Fred Alger Management LLC bought a new stake in Brunswick during the first quarter worth approximately $40,000. Rockefeller Capital Management L.P. boosted its stake in shares of Brunswick by 104.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 520 shares of the company’s stock worth $36,000 after acquiring an additional 266 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Brunswick during the second quarter valued at $46,000. Covestor Ltd boosted its position in shares of Brunswick by 200.3% in the 1st quarter. Covestor Ltd now owns 961 shares of the company’s stock valued at $78,000 after purchasing an additional 641 shares during the period. Finally, Penserra Capital Management LLC purchased a new position in Brunswick in the 3rd quarter worth about $102,000. Institutional investors and hedge funds own 99.34% 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.