Wall Street analysts forecast that Brunswick Co. (NYSE:BC) will announce $1.25 billion in sales for the current quarter, according to Zacks. Ten analysts have made estimates for Brunswick’s earnings. The highest sales estimate is $1.28 billion and the lowest is $1.23 billion. Brunswick posted sales of $1.09 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 14.7%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 7th.
On average, analysts expect that Brunswick will report full-year sales of $5.11 billion for the current fiscal year, with estimates ranging from $5.08 billion to $5.17 billion. For the next financial year, analysts anticipate that the company will report sales of $5.53 billion, with estimates ranging from $5.42 billion to $5.59 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Brunswick.
Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, October 25th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.26 billion. Brunswick had a net margin of 2.12% and a return on equity of 26.19%.
Brunswick stock traded up $0.58 during mid-day trading on Friday, reaching $53.22. The company’s stock had a trading volume of 14,568 shares, compared to its average volume of 1,032,693. The company has a market cap of $4.57 billion, a PE ratio of 13.67, a P/E/G ratio of 0.92 and a beta of 1.81. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.26 and a quick ratio of 0.65. Brunswick has a twelve month low of $48.36 and a twelve month high of $69.82.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Tuesday, November 20th will be issued a dividend of $0.21 per share. This is an increase from Brunswick’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Monday, November 19th. This represents a $0.84 annualized dividend and a dividend yield of 1.58%. Brunswick’s payout ratio is 21.59%.
In other news, insider John C. Pfeifer sold 5,446 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $66.95, for a total transaction of $364,609.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in BC. LPL Financial LLC boosted its holdings in shares of Brunswick by 73.6% during the first quarter. LPL Financial LLC now owns 6,983 shares of the company’s stock valued at $415,000 after acquiring an additional 2,960 shares during the period. Principal Financial Group Inc. lifted its holdings in Brunswick by 2.4% in the first quarter. Principal Financial Group Inc. now owns 384,395 shares of the company’s stock worth $22,829,000 after purchasing an additional 9,141 shares during the period. State of Alaska Department of Revenue lifted its holdings in Brunswick by 11.5% in the second quarter. State of Alaska Department of Revenue now owns 9,090 shares of the company’s stock worth $585,000 after purchasing an additional 940 shares during the period. Highland Capital Management LLC acquired a new stake in Brunswick in the second quarter worth about $587,000. Finally, James Investment Research Inc. acquired a new stake in Brunswick in the second quarter worth about $2,103,000. 96.43% of the stock is owned by institutional investors.
Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and lubricants; and diesel propulsion systems to the recreational and commercial marine markets.
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