Brunswick (NYSE:BC) Issues Earnings Results, Misses Estimates By $0.01 EPS

Brunswick (NYSE:BC) issued its quarterly earnings results on Thursday. The company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.01), Briefing.com reports. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Brunswick had a return on equity of 29.78% and a net margin of 6.57%. The business’s revenue was down 21.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.57 EPS.

Brunswick Trading Up 1.3 %

Brunswick stock traded up $1.05 during trading on Friday, reaching $81.05. 682,385 shares of the company were exchanged, compared to its average volume of 754,562. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.43 and a quick ratio of 0.59. The stock’s 50 day simple moving average is $89.13 and its two-hundred day simple moving average is $84.77. The company has a market capitalization of $5.58 billion, a P/E ratio of 13.63 and a beta of 1.56. Brunswick has a 52-week low of $66.47 and a 52-week high of $99.68.

Brunswick Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, February 26th were given a $0.42 dividend. The ex-dividend date was Friday, February 23rd. This is a positive change from Brunswick’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.07%. Brunswick’s dividend payout ratio is 28.24%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BC. Raymond James cut shares of Brunswick from an “outperform” rating to a “market perform” rating in a report on Thursday, January 4th. BNP Paribas reiterated a “neutral” rating and set a $82.00 price objective (down previously from $94.00) on shares of Brunswick in a research note on Monday, April 15th. Roth Mkm restated a “buy” rating and issued a $94.00 target price on shares of Brunswick in a research note on Thursday. B. Riley upgraded Brunswick from a “neutral” rating to a “buy” rating and lifted their price target for the company from $100.00 to $108.00 in a research report on Tuesday, February 20th. Finally, DA Davidson reissued a “neutral” rating and issued a $77.00 price target on shares of Brunswick in a report on Friday, March 15th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $92.83.

Insiders Place Their Bets

In other Brunswick news, VP Christopher F. Dekker sold 6,234 shares of Brunswick stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $84.53, for a total transaction of $526,960.02. Following the transaction, the vice president now directly owns 35,176 shares of the company’s stock, valued at $2,973,427.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Ryan M. Gwillim sold 9,036 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $87.10, for a total transaction of $787,035.60. Following the completion of the transaction, the chief financial officer now directly owns 28,966 shares in the company, valued at approximately $2,522,938.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Christopher F. Dekker sold 6,234 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $84.53, for a total value of $526,960.02. Following the sale, the vice president now directly owns 35,176 shares of the company’s stock, valued at $2,973,427.28. The disclosure for this sale can be found here. Insiders sold 52,696 shares of company stock valued at $4,574,199 in the last three months. 0.81% of the stock is currently owned by insiders.

Brunswick Company Profile

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.