Brokerages expect Brunswick Co. (NYSE:BC) to post sales of $1.16 billion for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Brunswick’s earnings, with the lowest sales estimate coming in at $1.13 billion and the highest estimate coming in at $1.24 billion. Brunswick also posted sales of $1.16 billion in the same quarter last year. The firm is scheduled to announce its next earnings results on Thursday, April 26th.
On average, analysts expect that Brunswick will report full year sales of $1.16 billion for the current financial year, with estimates ranging from $4.75 billion to $4.80 billion. For the next financial year, analysts anticipate that the firm will post sales of $5.06 billion per share, with estimates ranging from $5.00 billion to $5.11 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Brunswick.
Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.04). The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.13 billion. Brunswick had a net margin of 3.09% and a return on equity of 22.52%. Brunswick’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 earnings per share.
In related news, VP Christopher F. Dekker sold 3,100 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $58.84, for a total value of $182,404.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John C. Pfeifer sold 3,780 shares of the 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 disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in BC. Raymond James Financial Services Advisors Inc. lifted its holdings in Brunswick by 202.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 12,650 shares of the company’s stock valued at $708,000 after buying an additional 8,469 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Brunswick in the third quarter valued at approximately $478,000. State Board of Administration of Florida Retirement System lifted its holdings in Brunswick by 1.9% in the third quarter. State Board of Administration of Florida Retirement System now owns 106,303 shares of the company’s stock valued at $5,950,000 after buying an additional 1,960 shares during the period. Stevens Capital Management LP acquired a new position in Brunswick in the third quarter valued at approximately $1,167,000. Finally, Prudential Financial Inc. lifted its holdings in Brunswick by 106.9% in the third quarter. Prudential Financial Inc. now owns 589,175 shares of the company’s stock valued at $32,976,000 after buying an additional 304,470 shares during the period. Institutional investors and hedge funds own 93.79% of the company’s stock.
Brunswick (BC) opened at $61.20 on Wednesday. The company has a market cap of $5,418.04, a PE ratio of 16.28, a price-to-earnings-growth ratio of 0.83 and a beta of 1.83. Brunswick has a 12-month low of $48.04 and a 12-month high of $64.45. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.78 and a quick ratio of 1.04.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.24%. Brunswick’s payout ratio is 47.80%.
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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.
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