Equities analysts expect Brunswick Co. (NYSE:BC) to announce sales of $1.22 billion for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Brunswick’s earnings. The highest sales estimate is $1.26 billion and the lowest is $1.18 billion. Brunswick reported sales of $1.40 billion during the same quarter last year, which indicates a negative year over year growth rate of 12.9%. The company is scheduled to announce its next quarterly earnings results before the market opens on Thursday, July 25th.
According to Zacks, analysts expect that Brunswick will report full year sales of $4.55 billion for the current fiscal year, with estimates ranging from $4.38 billion to $4.68 billion. For the next financial year, analysts forecast that the business will post sales of $4.65 billion, with estimates ranging from $4.42 billion to $4.72 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Brunswick.
Brunswick (NYSE:BC) last announced 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. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. Brunswick had a net margin of 2.99% and a return on equity of 27.01%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.01 EPS.
Shares of BC traded down $0.20 during trading hours on Friday, reaching $44.53. 27,855 shares of the company traded hands, compared to its average volume of 1,077,698. The firm has a fifty day moving average price of $44.48. The stock has a market cap of $3.85 billion, a P/E ratio of 9.37, a price-to-earnings-growth ratio of 0.97 and a beta of 1.71. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.61 and a quick ratio of 0.79. Brunswick has a 12 month low of $41.02 and a 12 month high of $69.82.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Tuesday, May 21st were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $0.84 dividend on an annualized basis and a yield of 1.89%. Brunswick’s dividend payout ratio (DPR) is currently 17.61%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Brunswick by 2.6% in the fourth quarter. BlackRock Inc. now owns 7,669,657 shares of the company’s stock worth $356,255,000 after buying an additional 196,332 shares during the last quarter. Vanguard Group Inc raised its holdings in Brunswick by 1.9% in the third quarter. Vanguard Group Inc now owns 7,493,427 shares of the company’s stock worth $502,209,000 after buying an additional 136,697 shares during the last quarter. FMR LLC raised its holdings in Brunswick by 45.0% in the first quarter. FMR LLC now owns 3,012,240 shares of the company’s stock worth $151,605,000 after buying an additional 934,679 shares during the last quarter. Lakewood Capital Management LP raised its holdings in Brunswick by 55.0% in the fourth quarter. Lakewood Capital Management LP now owns 2,211,257 shares of the company’s stock worth $102,713,000 after buying an additional 785,000 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its holdings in Brunswick by 4.8% in the first quarter. TimesSquare Capital Management LLC now owns 1,953,440 shares of the company’s stock worth $98,317,000 after buying an additional 89,350 shares during the last quarter. 93.07% of the stock is owned by institutional investors.
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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