Brokerages Expect Brunswick Co. (BC) Will Post Earnings of $1.55 Per Share

Wall Street brokerages expect that Brunswick Co. (NYSE:BC) will announce $1.55 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Brunswick’s earnings. The lowest EPS estimate is $1.52 and the highest is $1.59. Brunswick posted earnings per share of $1.35 during the same quarter last year, which would indicate a positive year over year growth rate of 14.8%. The company is scheduled to announce its next earnings report on Thursday, July 26th.

According to Zacks, analysts expect that Brunswick will report full year earnings of $4.63 per share for the current year, with EPS estimates ranging from $4.60 to $4.65. For the next financial year, analysts anticipate that the business will report earnings of $5.18 per share, with EPS estimates ranging from $5.10 to $5.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Brunswick.

Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, April 26th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.94 by $0.07. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Brunswick had a return on equity of 23.33% and a net margin of 3.26%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 EPS.

Several research firms have commented on BC. BMO Capital Markets lifted their price target on Brunswick to $69.00 and gave the company an “outperform” rating in a report on Monday, February 5th. CL King restated a “neutral” rating on shares of Brunswick in a report on Friday, February 2nd. Northcoast Research set a $64.00 price target on Brunswick and gave the company a “buy” rating in a report on Monday, January 29th. Zacks Investment Research upgraded Brunswick from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Tuesday, February 6th. Finally, Wedbush restated a “positive” rating and issued a $60.91 price target (down previously from $70.00) on shares of Brunswick in a report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $69.66.

BC traded down $0.17 during midday trading on Friday, hitting $62.36. The company’s stock had a trading volume of 1,367 shares, compared to its average volume of 843,940. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.73 and a quick ratio of 0.96. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 1.11 and a beta of 1.84. Brunswick has a 52-week low of $48.04 and a 52-week high of $64.45.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Tuesday, May 22nd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Monday, May 21st. Brunswick’s payout ratio is currently 4.88%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Elkfork Partners LLC purchased a new position in Brunswick in the 4th quarter worth approximately $430,000. Rhumbline Advisers boosted its holdings in Brunswick by 3.9% in the 4th quarter. Rhumbline Advisers now owns 205,423 shares of the company’s stock worth $11,343,000 after acquiring an additional 7,755 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Brunswick by 128.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,006,453 shares of the company’s stock worth $166,017,000 after acquiring an additional 1,689,317 shares during the period. State of Alaska Department of Revenue boosted its holdings in Brunswick by 91.9% in the 4th quarter. State of Alaska Department of Revenue now owns 22,260 shares of the company’s stock worth $1,228,000 after acquiring an additional 10,660 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in Brunswick by 6.0% in the 4th quarter. California Public Employees Retirement System now owns 204,411 shares of the company’s stock worth $11,288,000 after acquiring an additional 11,488 shares during the period. Hedge funds and other institutional investors own 94.83% of the company’s stock.

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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