Brunswick (BC) Scheduled to Post Quarterly Earnings on Thursday

Brunswick (NYSE:BC) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $1.18 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Brunswick (NYSE:BC) last released its earnings results on Thursday, July 25th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.10). The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.55 billion. Brunswick had a net margin of 5.92% and a return on equity of 23.46%. The business’s revenue was down 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.35 EPS. On average, analysts expect Brunswick to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Brunswick Stock Up 0.6 %

BC stock opened at $83.89 on Thursday. The firm has a 50-day moving average price of $79.54 and a 200-day moving average price of $79.73. Brunswick has a 12 month low of $66.47 and a 12 month high of $99.68. The company has a current ratio of 1.70, a quick ratio of 0.75 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $5.67 billion, a P/E ratio of 15.59 and a beta of 1.51.

Brunswick Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 20th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.00%. The ex-dividend date is Wednesday, November 20th. Brunswick’s payout ratio is 31.23%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BC. Benchmark reiterated a “buy” rating and issued a $100.00 price target on shares of Brunswick in a research note on Friday, July 26th. Stifel Nicolaus dropped their target price on Brunswick from $97.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Citigroup boosted their price target on Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Truist Financial dropped their price objective on shares of Brunswick from $95.00 to $90.00 and set a “buy” rating for the company in a report on Monday, July 8th. Finally, JPMorgan Chase & Co. cut their target price on shares of Brunswick from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.23.

Insider Transactions at Brunswick

In other news, Director Nancy E. Cooper sold 358 shares of Brunswick stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $81.34, for a total value of $29,119.72. Following the completion of the transaction, the director now directly owns 23,877 shares of the company’s stock, valued at approximately $1,942,155.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.81% of the stock is currently owned by corporate insiders.

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.