Analysts Expect Brunswick Co. (BC) Will Post Quarterly Sales of $1.25 Billion

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%.

BC has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Brunswick from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. ValuEngine raised shares of Brunswick from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $60.00 price objective on shares of Brunswick in a report on Friday, July 27th. Imperial Capital reaffirmed an “outperform” rating and issued a $70.00 price objective (down previously from $90.00) on shares of Brunswick in a report on Friday, October 26th. Finally, TheStreet downgraded shares of Brunswick from a “b” rating to a “c+” rating in a report on Thursday, October 25th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Brunswick currently has a consensus rating of “Buy” and an average target price of $72.00.

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.

About Brunswick

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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