Equities Analysts Offer Predictions for Brunswick Co.’s Q2 2024 Earnings (NYSE:BC)

Brunswick Co. (NYSE:BC) – Stock analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of Brunswick in a report released on Friday, April 26th. DA Davidson analyst B. Rolle anticipates that the company will post earnings of $1.85 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $77.00 target price on the stock. The consensus estimate for Brunswick’s current full-year earnings is $7.43 per share. DA Davidson also issued estimates for Brunswick’s FY2025 earnings at $8.00 EPS.

Several other equities research analysts have also recently issued reports on BC. Roth Mkm reissued a “buy” rating and issued a $94.00 price objective on shares of Brunswick in a research report on Thursday. Raymond James lowered Brunswick from an “outperform” rating to a “market perform” rating in a report on Thursday, January 4th. Morgan Stanley dropped their price objective on Brunswick from $91.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Friday. Truist Financial decreased their target price on Brunswick from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. Finally, B. Riley upgraded Brunswick from a “neutral” rating to a “buy” rating and upped their target price for the stock from $100.00 to $108.00 in a report on Tuesday, February 20th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Brunswick has an average rating of “Moderate Buy” and a consensus price target of $92.83.

Brunswick Stock Up 1.4 %

Shares of BC opened at $81.08 on Monday. The firm has a market capitalization of $5.58 billion, a P/E ratio of 15.07 and a beta of 1.56. Brunswick has a 12-month low of $66.47 and a 12-month high of $99.68. The firm has a fifty day moving average price of $89.02 and a 200-day moving average price of $84.93. The company has a current ratio of 1.68, a quick ratio of 0.59 and a debt-to-equity ratio of 1.16.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, April 25th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.01). Brunswick had a net margin of 6.24% and a return on equity of 25.37%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the firm earned $2.57 EPS. The firm’s quarterly revenue was down 21.7% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BC. Copeland Capital Management LLC raised its stake in Brunswick by 0.4% in the third quarter. Copeland Capital Management LLC now owns 857,047 shares of the company’s stock valued at $67,707,000 after buying an additional 3,513 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Brunswick by 3.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 16,503 shares of the company’s stock valued at $1,304,000 after purchasing an additional 535 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Brunswick by 5.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,658 shares of the company’s stock worth $289,000 after purchasing an additional 205 shares in the last quarter. Tectonic Advisors LLC grew its position in Brunswick by 10.3% during the 3rd quarter. Tectonic Advisors LLC now owns 13,036 shares of the company’s stock worth $1,030,000 after purchasing an additional 1,222 shares during the last quarter. Finally, FinTrust Capital Advisors LLC grew its position in Brunswick by 40.6% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,101 shares of the company’s stock worth $87,000 after purchasing an additional 318 shares during the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Brunswick

In related news, CEO David M. Foulkes sold 35,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $87.11, for a total transaction of $3,048,850.00. Following the sale, the chief executive officer now owns 272,626 shares of the company’s stock, valued at $23,748,450.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO David M. Foulkes sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $87.11, for a total transaction of $3,048,850.00. Following the completion of the transaction, the chief executive officer now owns 272,626 shares in the company, valued at approximately $23,748,450.86. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Christopher F. Dekker sold 6,234 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $84.53, for a total transaction of $526,960.02. Following the completion of the sale, the vice president now owns 35,176 shares of the company’s stock, valued at $2,973,427.28. The disclosure for this sale can be found here. In the last three months, insiders sold 52,696 shares of company stock valued at $4,574,199. Corporate insiders own 0.81% of the company’s stock.

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 issued a $0.42 dividend. The ex-dividend date was Friday, February 23rd. This is an increase from Brunswick’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.07%. Brunswick’s dividend payout ratio (DPR) is currently 31.23%.

About Brunswick

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.