Q1 2019 EPS Estimates for Brunswick Co. Boosted by Analyst (BC)

Brunswick Co. (NYSE:BC) – Northcoast Research raised their Q1 2019 earnings estimates for shares of Brunswick in a research report issued to clients and investors on Thursday, March 14th. Northcoast Research analyst S. Woolf now expects that the company will post earnings of $1.05 per share for the quarter, up from their previous forecast of $1.04. Northcoast Research also issued estimates for Brunswick’s Q2 2019 earnings at $1.60 EPS, Q3 2019 earnings at $1.31 EPS, Q4 2019 earnings at $1.04 EPS, FY2019 earnings at $5.00 EPS and FY2020 earnings at $5.75 EPS.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, January 31st. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.08. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. Brunswick had a return on equity of 27.37% and a net margin of 5.20%. During the same quarter in the prior year, the company earned $0.70 EPS.

A number of other research firms have also recently weighed in on BC. ValuEngine raised Brunswick from a “sell” rating to a “hold” rating in a report on Monday, February 25th. JPMorgan Chase & Co. raised Brunswick from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $52.00 to $67.00 in a research note on Monday, February 25th. Zacks Investment Research cut Brunswick from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. TheStreet raised shares of Brunswick from a “c” rating to a “b-” rating in a research note on Thursday, January 31st. Finally, B. Riley restated a “buy” rating on shares of Brunswick in a report on Thursday, December 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $70.67.

Brunswick stock opened at $52.96 on Friday. Brunswick has a fifty-two week low of $41.92 and a fifty-two week high of $69.82. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 11.10, a P/E/G ratio of 0.98 and a beta of 1.67. The company has a quick ratio of 0.75, a current ratio of 1.50 and a debt-to-equity ratio of 0.75.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc raised its position in Brunswick by 1.9% during the third quarter. Vanguard Group Inc now owns 7,493,427 shares of the company’s stock valued at $502,209,000 after buying an additional 136,697 shares during the period. Strs Ohio raised its stake in Brunswick by 2,046.0% during the fourth quarter. Strs Ohio now owns 105,090 shares of the company’s stock valued at $4,881,000 after buying an additional 100,193 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Brunswick by 18.5% in the third quarter. Janney Montgomery Scott LLC now owns 7,007 shares of the company’s stock worth $470,000 after acquiring an additional 1,092 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Brunswick by 26.4% in the third quarter. Russell Investments Group Ltd. now owns 166,390 shares of the company’s stock worth $11,150,000 after acquiring an additional 34,710 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Brunswick by 40.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,531,937 shares of the company’s stock worth $71,159,000 after acquiring an additional 437,563 shares during the last quarter. 95.29% of the stock is owned by institutional investors.

In other Brunswick news, VP Christopher F. Dekker sold 1,599 shares of the stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $49.94, for a total transaction of $79,854.06. Following the transaction, the vice president now owns 32,323 shares of the company’s stock, valued at $1,614,210.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Christopher F. Dekker sold 1,279 shares of the stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $48.67, for a total transaction of $62,248.93. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Tuesday, February 26th will be issued a $0.21 dividend. The ex-dividend date is Monday, February 25th. This represents a $0.84 annualized dividend and a yield of 1.59%. Brunswick’s dividend payout ratio (DPR) is presently 17.61%.

Brunswick Company Profile

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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Earnings History and Estimates for Brunswick (NYSE:BC)

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