Brunswick (NYSE:BC) Releases FY17 Earnings Guidance

Brunswick (NYSE:BC) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $3.85-3.87 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.85. The company issued revenue guidance of +7% to $4.8 billion, compared to the consensus revenue estimate of $4.79 billion.

Several equities research analysts recently commented on BC shares. Zacks Investment Research upgraded shares of Brunswick from a sell rating to a hold rating in a research note on Wednesday, October 18th. ValuEngine upgraded shares of Brunswick from a hold rating to a buy rating in a research note on Monday, October 2nd. Robert W. Baird reiterated a buy rating and set a $65.00 price target on shares of Brunswick in a research note on Friday, December 22nd. Royal Bank of Canada restated a buy rating on shares of Brunswick in a research note on Tuesday, October 3rd. Finally, Stifel Nicolaus restated a buy rating and issued a $68.00 price objective on shares of Brunswick in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $63.23.

Shares of Brunswick (NYSE:BC) traded down $0.36 during midday trading on Friday, hitting $55.22. 511,375 shares of the company’s stock traded hands, compared to its average volume of 1,130,000. Brunswick has a 12 month low of $48.04 and a 12 month high of $63.82. The stock has a market capitalization of $4,840.00, a P/E ratio of 17.76, a PEG ratio of 0.89 and a beta of 1.90. The company has a quick ratio of 0.95, a current ratio of 1.81 and a debt-to-equity ratio of 0.28.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.09). Brunswick had a net margin of 5.93% and a return on equity of 22.71%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm earned $0.91 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. equities research analysts expect that Brunswick will post 3.85 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, November 21st were given a dividend of $0.19 per share. This is a positive change from Brunswick’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, November 20th. This represents a $0.76 annualized dividend and a yield of 1.38%. Brunswick’s dividend payout ratio is 24.44%.

In related news, insider John C. Pfeifer sold 3,780 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total transaction of $207,748.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.

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Brunswick Company Profile

Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.

Earnings History and Estimates for Brunswick (NYSE:BC)

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