Brunswick Co. (NYSE:BC) – Equities research analysts at Jefferies Financial Group dropped their Q3 2019 earnings per share estimates for shares of Brunswick in a research report issued on Friday, May 17th, Zacks Investment Research reports. Jefferies Financial Group analyst R. Konik now anticipates that the company will post earnings per share of $1.24 for the quarter, down from their prior forecast of $1.33. Jefferies Financial Group also issued estimates for Brunswick’s Q4 2019 earnings at $0.93 EPS, FY2019 earnings at $4.63 EPS and FY2020 earnings at $5.25 EPS.
A number of other research analysts have also recently weighed in on BC. JPMorgan Chase & Co. upgraded shares of Brunswick from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $52.00 to $67.00 in a research note on Monday, February 25th. ValuEngine upgraded shares of Brunswick from a “sell” rating to a “hold” rating in a report on Monday, February 25th. Zacks Investment Research upgraded shares of Brunswick from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. SunTrust Banks reduced their price target on shares of Brunswick to $62.00 and set a “buy” rating on the stock in a report on Friday, April 26th. They noted that the move was a valuation call. Finally, Longbow Research set a $68.00 price target on shares of Brunswick and gave the company a “buy” rating in a report on Friday, April 26th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. Brunswick has a consensus rating of “Buy” and a consensus price target of $69.64.
Shares of BC traded up $0.22 during trading hours on Monday, reaching $41.70. 1,083,700 shares of the stock traded hands, compared to its average volume of 1,024,331. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 1.61. Brunswick has a 52-week low of $41.02 and a 52-week high of $69.82. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 0.88 and a beta of 1.70.
Brunswick (NYSE:BC) last released its earnings results on Thursday, April 25th. The company reported $0.99 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.99. Brunswick had a net margin of 2.99% and a return on equity of 27.01%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the company earned $1.01 EPS. Brunswick’s revenue for the quarter was up 5.4% on a year-over-year basis.
Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in Brunswick by 3.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,738,404 shares of the company’s stock valued at $183,527,000 after purchasing an additional 78,502 shares during the last quarter. Nordea Investment Management AB grew its holdings in Brunswick by 36.6% during the 3rd quarter. Nordea Investment Management AB now owns 70,745 shares of the company’s stock valued at $4,742,000 after purchasing an additional 18,945 shares during the last quarter. Vanguard Group Inc grew its holdings in Brunswick by 1.9% during the 3rd quarter. Vanguard Group Inc now owns 7,493,427 shares of the company’s stock valued at $502,209,000 after purchasing an additional 136,697 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Brunswick by 3.8% during the 4th quarter. State of Alaska Department of Revenue now owns 13,707 shares of the company’s stock valued at $635,000 after purchasing an additional 503 shares during the last quarter. Finally, BB&T Corp grew its holdings in Brunswick by 6.7% during the 4th quarter. BB&T Corp now owns 17,193 shares of the company’s stock valued at $798,000 after purchasing an additional 1,087 shares during the last quarter. Hedge funds and other institutional investors own 93.07% of the company’s stock.
In other news, VP Daniel J. Tanner sold 3,373 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $53.28, for a total value of $179,713.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.20% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Tuesday, May 21st will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.01%. Brunswick’s dividend payout ratio (DPR) is presently 17.61%.
About Brunswick
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.