Headlines about Brunswick Corporation (NYSE:BC) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Brunswick Corporation earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the company an impact score of 33 out of 100, meaning that recent press coverage is unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Brunswick Corporation (NYSE:BC) Stock Rating Upgraded by BidaskClub (americanbankingnews.com)
- Foyston Gordon & Payne Inc Buys 23335 Shares of Novo Nordisk A/S (NVO) (lazeresportes.com)
- Heyday to Sponsor Wakesports Icon Dylan Miller (alliancewake.com)
- Brunswick schedules Q2 2017 earnings and conference call July 27 (boatingindustry.com)
- Brunswick Corporation: Are Investors Going Out With The Tide? (seekingalpha.com)
BC has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Brunswick Corporation from a “hold” rating to a “sell” rating in a report on Friday, April 14th. BMO Capital Markets reiterated a “buy” rating and set a $72.00 price objective on shares of Brunswick Corporation in a research report on Monday, March 20th. Jefferies Group LLC reiterated a “hold” rating and set a $56.00 price objective on shares of Brunswick Corporation in a research report on Friday, March 31st. Royal Bank Of Canada reissued a “buy” rating and set a $65.00 target price on shares of Brunswick Corporation in a research note on Sunday, June 11th. Finally, Stifel Nicolaus reissued an “outperform” rating and set a $65.00 target price (up from $64.00) on shares of Brunswick Corporation in a research note on Friday, April 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $66.70.
Brunswick Corporation (BC) traded up 1.08% during mid-day trading on Friday, hitting $62.46. 652,388 shares of the stock traded hands. The firm has a market cap of $5.58 billion, a P/E ratio of 20.74 and a beta of 1.84. The firm’s 50-day moving average price is $58.36 and its 200-day moving average price is $58.23. Brunswick Corporation has a 52 week low of $42.02 and a 52 week high of $63.82.
Brunswick Corporation (NYSE:BC) last announced its earnings results on Thursday, April 27th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.15 billion. Brunswick Corporation had a net margin of 6.03% and a return on equity of 23.15%. During the same period in the previous year, the business posted $0.71 earnings per share. On average, equities analysts forecast that Brunswick Corporation will post $4.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Tuesday, May 23rd were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Friday, May 19th. Brunswick Corporation’s payout ratio is currently 22.00%.
In related news, insider William Metzger sold 15,301 shares of the stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $62.50, for a total value of $956,312.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Mark D. Schwabero sold 3,289 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $63.73, for a total transaction of $209,607.97. Following the completion of the sale, the chairman now directly owns 219,799 shares of the company’s stock, valued at $14,007,790.27. The disclosure for this sale can be found here. Insiders sold a total of 60,585 shares of company stock worth $3,774,384 over the last ninety days. Insiders own 1.00% of the company’s stock.
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Brunswick Corporation Company Profile
Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.
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