Brunswick Co. (NYSE:BC) – Stock analysts at B. Riley lifted their Q2 2018 earnings estimates for Brunswick in a research report issued on Friday, April 13th. B. Riley analyst E. Wold now forecasts that the company will post earnings per share of $1.55 for the quarter, up from their previous forecast of $1.51. B. Riley has a “Buy” rating and a $80.00 price objective on the stock. B. Riley also issued estimates for Brunswick’s Q4 2018 earnings at $0.89 EPS, FY2018 earnings at $4.60 EPS, Q1 2019 earnings at $1.10 EPS, Q2 2019 earnings at $1.76 EPS, Q4 2019 earnings at $0.97 EPS and FY2019 earnings at $5.15 EPS.
Several other equities research analysts have also recently commented on BC. Zacks Investment Research cut shares of Brunswick from a “buy” rating to a “hold” rating in a research report on Tuesday, April 10th. Imperial Capital reiterated an “outperform” rating and issued a $78.00 price target (up from $70.00) on shares of Brunswick in a research report on Tuesday, March 6th. BMO Capital Markets boosted their price target on shares of Brunswick to $69.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Citigroup boosted their price target on shares of Brunswick from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Finally, Northcoast Research set a $64.00 price target on shares of Brunswick and gave the stock a “buy” rating in a research report on Monday, January 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $69.66.
Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.04). Brunswick had a net margin of 3.09% and a return on equity of 22.52%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the firm earned $0.66 earnings per share. Brunswick’s revenue for the quarter was up 10.6% compared to the same quarter last year.
In related news, VP Christopher F. Dekker sold 3,100 shares of Brunswick stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $58.84, for a total value of $182,404.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.00% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of BC. Legal & General Group Plc increased its stake in Brunswick by 7.7% in the 3rd quarter. Legal & General Group Plc now owns 97,122 shares of the company’s stock worth $5,436,000 after purchasing an additional 6,916 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Brunswick by 8.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 901,104 shares of the company’s stock worth $50,433,000 after purchasing an additional 66,840 shares in the last quarter. Stifel Financial Corp increased its stake in Brunswick by 133.7% in the 3rd quarter. Stifel Financial Corp now owns 58,588 shares of the company’s stock worth $3,277,000 after purchasing an additional 33,521 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Brunswick by 1,158.4% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock worth $132,000 after purchasing an additional 2,201 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in Brunswick by 3.7% in the 3rd quarter. California Public Employees Retirement System now owns 192,923 shares of the company’s stock worth $10,798,000 after purchasing an additional 6,823 shares in the last quarter. 93.79% of the stock is currently owned by hedge funds and other institutional investors.
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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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