Brunswick (BC) to Release Quarterly Earnings on Thursday

Brunswick (NYSE:BC) is set to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $1.34 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, February 1st. The company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.21). The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.44 billion. Brunswick had a return on equity of 29.78% and a net margin of 6.57%. The business’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.99 EPS. On average, analysts expect Brunswick to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Brunswick Stock Performance

Shares of Brunswick stock opened at $86.36 on Wednesday. The company has a market capitalization of $5.94 billion, a PE ratio of 14.51 and a beta of 1.56. Brunswick has a 12 month low of $66.47 and a 12 month high of $99.68. The company has a current ratio of 1.43, a quick ratio of 0.59 and a debt-to-equity ratio of 0.95. The stock’s fifty day simple moving average is $89.30 and its 200 day simple moving average is $84.79.

Brunswick Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 26th were paid a $0.42 dividend. This is an increase from Brunswick’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, February 23rd. This represents a $1.68 annualized dividend and a dividend yield of 1.95%. Brunswick’s dividend payout ratio (DPR) is currently 28.24%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BC shares. Truist Financial dropped their price target on Brunswick from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. B. Riley raised Brunswick from a “neutral” rating to a “buy” rating and lifted their target price for the company from $100.00 to $108.00 in a research report on Tuesday, February 20th. Raymond James downgraded Brunswick from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 4th. DA Davidson reaffirmed a “neutral” rating and issued a $77.00 target price on shares of Brunswick in a research report on Friday, March 15th. Finally, BNP Paribas reaffirmed a “neutral” rating and issued a $82.00 target price (down previously from $94.00) on shares of Brunswick in a research report on Monday, April 15th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.08.

Insider Transactions at Brunswick

In related news, EVP John G. Buelow sold 2,426 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $87.12, for a total value of $211,353.12. Following the completion of the sale, the executive vice president now directly owns 14,199 shares in the company, valued at $1,237,016.88. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Ryan M. Gwillim sold 9,036 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $87.10, for a total value of $787,035.60. Following the completion of the sale, the chief financial officer now directly owns 28,966 shares in the company, valued at $2,522,938.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP John G. Buelow sold 2,426 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $87.12, for a total transaction of $211,353.12. Following the transaction, the executive vice president now owns 14,199 shares of the company’s stock, valued at $1,237,016.88. The disclosure for this sale can be found here. Insiders sold a total of 52,696 shares of company stock worth $4,574,199 over the last quarter. Company insiders own 0.81% of the company’s stock.

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.