Brunswick Co. (NYSE:BC) – Imperial Capital dropped their Q2 2019 earnings per share (EPS) estimates for Brunswick in a research report issued to clients and investors on Friday, May 10th. Imperial Capital analyst G. Kelly now expects that the company will post earnings per share of $1.41 for the quarter, down from their previous estimate of $1.45. Imperial Capital also issued estimates for Brunswick’s FY2019 earnings at $4.69 EPS, Q1 2020 earnings at $1.05 EPS and Q4 2020 earnings at $1.06 EPS.
Several other research analysts also recently commented on the company. Northcoast Research reissued a “buy” rating on shares of Brunswick in a research note on Friday, April 26th. TheStreet downgraded Brunswick from a “b-” rating to a “c” rating in a research note on Thursday, April 25th. Longbow Research set a $68.00 price objective on Brunswick and gave the company a “buy” rating in a research note on Friday, April 26th. SunTrust Banks reduced their price objective on Brunswick to $62.00 and set a “buy” rating for the company in a research note on Friday, April 26th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Brunswick from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $69.64.
NYSE BC opened at $50.20 on Monday. Brunswick has a one year low of $41.92 and a one year high of $69.82. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.61 and a quick ratio of 0.79. The firm has a market capitalization of $4.46 billion, a P/E ratio of 10.52, a PEG ratio of 1.04 and a beta of 1.63.
Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.99 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.99. Brunswick had a return on equity of 27.01% and a net margin of 2.99%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the company earned $1.01 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Tuesday, May 21st will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Monday, May 20th. Brunswick’s dividend payout ratio (DPR) is presently 17.61%.
In other Brunswick news, VP Daniel J. Tanner sold 3,373 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $53.28, for a total value of $179,713.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher F. Dekker sold 1,599 shares of the firm’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $49.94, for a total value of $79,854.06. Following the completion of the sale, the vice president now directly owns 32,323 shares of the company’s stock, valued at $1,614,210.62. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new position in shares of Brunswick during the 1st quarter worth $25,000. Oregon Public Employees Retirement Fund grew its holdings in shares of Brunswick by 4,579.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,604,197 shares of the company’s stock worth $35,000 after purchasing an additional 1,569,918 shares during the period. Signaturefd LLC grew its holdings in shares of Brunswick by 121.3% during the 1st quarter. Signaturefd LLC now owns 1,049 shares of the company’s stock worth $53,000 after purchasing an additional 575 shares during the period. First Mercantile Trust Co. grew its holdings in shares of Brunswick by 15.7% during the 4th quarter. First Mercantile Trust Co. now owns 2,140 shares of the company’s stock worth $99,000 after purchasing an additional 290 shares during the period. Finally, Fort L.P. purchased a new position in shares of Brunswick during the 1st quarter worth $102,000. Institutional investors and hedge funds own 95.87% 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, electrical systems, service parts, and lubricants; and integrated propulsion systems to the recreational and commercial marine markets, as well as parts and accessories.