Zacks: Analysts Expect Brunswick Co. (NYSE:BC) Will Announce Earnings of $1.41 Per Share

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Equities analysts forecast that Brunswick Co. (NYSE:BC) will post $1.41 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Brunswick’s earnings. The lowest EPS estimate is $1.22 and the highest is $1.51. Brunswick reported earnings per share of $1.50 during the same quarter last year, which would indicate a negative year over year growth rate of 6%. The company is scheduled to announce its next earnings report before the market opens on Thursday, July 25th.

According to Zacks, analysts expect that Brunswick will report full-year earnings of $4.66 per share for the current fiscal year, with EPS estimates ranging from $4.35 to $4.98. For the next fiscal year, analysts forecast that the company will post earnings of $5.23 per share, with EPS estimates ranging from $5.00 to $5.70. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Brunswick.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, April 25th. The company reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.29 billion. Brunswick had a return on equity of 27.01% and a net margin of 2.99%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the business posted $1.01 EPS.

Several brokerages recently commented on BC. Longbow Research set a $68.00 target price on Brunswick and gave the company a “buy” rating in a report on Friday, April 26th. SunTrust Banks raised their target price on Fidelity National Financial to $45.00 and gave the company a “buy” rating in a report on Friday, April 26th. ValuEngine upgraded XCel Brands from a “sell” rating to a “hold” rating in a report on Tuesday. TheStreet downgraded Trinity Industries from a “b” rating to a “c” rating in a report on Thursday, April 25th. Finally, Royal Bank of Canada downgraded Roku from an “outperform” rating to a “sector perform” rating and set a $90.00 target price on the stock. in a report on Monday, July 1st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $62.72.

A number of hedge funds have recently bought and sold shares of BC. Impala Asset Management LLC increased its holdings in Brunswick by 621.7% during the 1st quarter. Impala Asset Management LLC now owns 1,324,580 shares of the company’s stock worth $66,666,000 after purchasing an additional 1,141,053 shares during the last quarter. FMR LLC increased its holdings in Brunswick by 45.0% during the 1st quarter. FMR LLC now owns 3,012,240 shares of the company’s stock worth $151,605,000 after purchasing an additional 934,679 shares during the last quarter. Norges Bank purchased a new stake in Brunswick during the 4th quarter worth approximately $41,390,000. Lakewood Capital Management LP increased its holdings in Brunswick by 55.0% during the 4th quarter. Lakewood Capital Management LP now owns 2,211,257 shares of the company’s stock worth $102,713,000 after purchasing an additional 785,000 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd increased its holdings in Brunswick by 147.5% during the 1st quarter. MARSHALL WACE ASIA Ltd now owns 1,228,921 shares of the company’s stock worth $61,852,000 after purchasing an additional 732,303 shares during the last quarter. Institutional investors own 93.07% of the company’s stock.

Shares of NYSE:BC traded down $0.20 during mid-day trading on Thursday, hitting $44.53. 27,855 shares of the company traded hands, compared to its average volume of 1,077,698. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 9.37, a P/E/G ratio of 0.97 and a beta of 1.71. 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’s 50 day moving average price is $44.48.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Tuesday, May 21st were issued a dividend of $0.21 per share. The ex-dividend date was Monday, May 20th. This represents a $0.84 annualized dividend and a yield of 1.89%. Brunswick’s dividend payout ratio 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.

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