KeyCorp Issues Pessimistic Forecast for Brunswick Earnings

Brunswick Co. (NYSE:BC) – Investment analysts at KeyCorp cut their Q2 2025 earnings per share estimates for shares of Brunswick in a research note issued on Wednesday, April 16th. KeyCorp analyst N. Zatzkin now anticipates that the company will post earnings of $1.13 per share for the quarter, down from their prior estimate of $1.20. The consensus estimate for Brunswick’s current full-year earnings is $4.19 per share.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. During the same quarter in the previous year, the business posted $1.45 earnings per share.

A number of other research firms have also weighed in on BC. B. Riley raised shares of Brunswick to a “hold” rating in a report on Wednesday, February 12th. Stifel Nicolaus lowered their price objective on Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Citigroup cut their target price on Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Morgan Stanley increased their target price on Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Finally, Baird R W cut shares of Brunswick from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $76.67.

Brunswick Stock Up 0.9 %

NYSE BC opened at $43.74 on Friday. The stock has a market cap of $2.88 billion, a PE ratio of 23.02 and a beta of 1.42. The business has a 50 day moving average price of $55.20 and a two-hundred day moving average price of $67.78. Brunswick has a fifty-two week low of $41.00 and a fifty-two week high of $87.65. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11.

Institutional Investors Weigh In On Brunswick

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Turtle Creek Asset Management Inc. raised its stake in shares of Brunswick by 19.7% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company’s stock worth $191,806,000 after buying an additional 488,412 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Brunswick by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,084,038 shares of the company’s stock worth $134,796,000 after acquiring an additional 10,951 shares during the period. JPMorgan Chase & Co. raised its position in Brunswick by 18.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,757,186 shares of the company’s stock worth $113,655,000 after acquiring an additional 269,413 shares in the last quarter. American Century Companies Inc. lifted its holdings in Brunswick by 2.9% in the 4th quarter. American Century Companies Inc. now owns 1,462,558 shares of the company’s stock valued at $94,599,000 after acquiring an additional 41,583 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Brunswick by 4.6% during the 4th quarter. Alliancebernstein L.P. now owns 1,338,619 shares of the company’s stock valued at $86,582,000 after purchasing an additional 59,228 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Insider Buying and Selling

In related news, Director Nancy E. Cooper sold 433 shares of Brunswick stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $65.65, for a total transaction of $28,426.45. Following the sale, the director now directly owns 25,361 shares in the company, valued at $1,664,949.65. The trade was a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Randall S. Altman sold 3,417 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total transaction of $215,988.57. Following the completion of the transaction, the senior vice president now owns 26,683 shares of the company’s stock, valued at $1,686,632.43. This represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Brunswick Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.72 annualized dividend and a dividend yield of 3.93%. This is a positive change from Brunswick’s previous quarterly dividend of $0.42. Brunswick’s dividend payout ratio is currently 90.53%.

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.