Brunswick (BC) to Release Quarterly Earnings on Thursday

Brunswick (NYSE:BC) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Brunswick to post earnings of $1.34 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Brunswick (NYSE:BC) last released its earnings results on Thursday, February 1st. The company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.21). The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.44 billion. Brunswick had a return on equity of 29.78% and a net margin of 6.57%. Brunswick’s revenue was down 14.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.99 EPS. On average, analysts expect Brunswick to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Brunswick Price Performance

Brunswick stock opened at $86.36 on Wednesday. The firm has a 50-day moving average price of $89.30 and a 200-day moving average price of $84.79. The firm has a market capitalization of $5.94 billion, a PE ratio of 14.51 and a beta of 1.56. The company has a current ratio of 1.43, a quick ratio of 0.59 and a debt-to-equity ratio of 0.95. Brunswick has a 12-month low of $66.47 and a 12-month high of $99.68.

Brunswick Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, February 26th were issued a dividend of $0.42 per share. This is a positive change from Brunswick’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, February 23rd. This represents a $1.68 dividend on an annualized basis and a yield of 1.95%. Brunswick’s dividend payout ratio (DPR) is presently 28.24%.

Insiders Place Their Bets

In other Brunswick news, CEO David M. Foulkes sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $87.11, for a total transaction of $3,048,850.00. Following the sale, the chief executive officer now owns 272,626 shares of the company’s stock, valued at approximately $23,748,450.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO David M. Foulkes sold 35,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $87.11, for a total value of $3,048,850.00. Following the sale, the chief executive officer now directly owns 272,626 shares of the company’s stock, valued at approximately $23,748,450.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ryan M. Gwillim sold 9,036 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $87.10, for a total transaction of $787,035.60. Following the completion of the sale, the chief financial officer now directly owns 28,966 shares in the company, valued at $2,522,938.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,696 shares of company stock valued at $4,574,199. Insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

BC has been the subject of a number of research analyst reports. Truist Financial decreased their price objective on shares of Brunswick from $115.00 to $105.00 and set a “buy” rating for the company in a report on Friday, February 2nd. DA Davidson reaffirmed a “neutral” rating and issued a $77.00 price objective on shares of Brunswick in a research report on Friday, March 15th. Roth Mkm lifted their price objective on shares of Brunswick from $85.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. B. Riley raised shares of Brunswick from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $100.00 to $108.00 in a research report on Tuesday, February 20th. Finally, BNP Paribas reaffirmed a “neutral” rating and issued a $82.00 price objective (down previously from $94.00) on shares of Brunswick in a research report on Monday, April 15th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $92.08.

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.