Brunswick (NYSE:BC) Issues Earnings Results

Brunswick (NYSE:BC) announced its quarterly earnings data on Thursday. The company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.10), RTT News reports. Brunswick had a net margin of 5.92% and a return on equity of 23.46%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the firm posted $2.35 EPS. Brunswick’s revenue for the quarter was down 15.2% compared to the same quarter last year.

Brunswick Trading Up 1.2 %

Shares of BC stock traded up $0.96 on Friday, reaching $79.98. 1,573,593 shares of the stock were exchanged, compared to its average volume of 977,837. The stock has a market cap of $5.40 billion, a P/E ratio of 14.87 and a beta of 1.52. The company has a quick ratio of 0.75, a current ratio of 1.70 and a debt-to-equity ratio of 1.18. The firm has a 50 day moving average of $76.11 and a two-hundred day moving average of $83.08. Brunswick has a 1-year low of $66.47 and a 1-year high of $99.68.

Brunswick Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, August 21st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.10%. Brunswick’s payout ratio is 31.23%.

Insider Transactions at Brunswick

In related news, VP Brenna Preisser sold 1,225 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $82.09, for a total transaction of $100,560.25. Following the completion of the sale, the vice president now directly owns 58,076 shares of the company’s stock, valued at approximately $4,767,458.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, VP Brenna Preisser sold 1,225 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $82.09, for a total transaction of $100,560.25. Following the completion of the sale, the vice president now directly owns 58,076 shares of the company’s stock, valued at approximately $4,767,458.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Nancy E. Cooper sold 357 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total transaction of $28,681.38. Following the completion of the transaction, the director now directly owns 23,211 shares of the company’s stock, valued at $1,864,771.74. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. BNP Paribas reissued a “neutral” rating and set a $82.00 price target (down previously from $94.00) on shares of Brunswick in a research note on Monday, April 15th. Robert W. Baird decreased their price target on Brunswick from $95.00 to $93.00 and set an “outperform” rating on the stock in a research note on Friday. Citigroup decreased their price target on Brunswick from $100.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. B. Riley decreased their price target on Brunswick from $108.00 to $97.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Finally, Roth Mkm reissued a “buy” rating and set a $94.00 price target on shares of Brunswick in a research note on Thursday. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.57.

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.