Brunswick Corporation (NYSE:BC) - Jefferies Group lowered their Q3 2017 earnings per share estimates for Brunswick Corporation in a research report issued on Thursday. Jefferies Group analyst R. Konik now forecasts that the company will post earnings per share of $1.02 for the quarter, down from their prior estimate of $1.05. Jefferies Group has a “Hold” rating and a $56.00 price objective on the stock. Jefferies Group also issued estimates for Brunswick Corporation’s Q4 2017 earnings at $0.84 EPS, Q1 2018 earnings at $1.05 EPS, Q2 2018 earnings at $1.46 EPS, Q3 2018 earnings at $1.07 EPS, Q4 2018 earnings at $1.07 EPS and FY2018 earnings at $4.66 EPS.
A number of other brokerages have also commented on BC. BMO Capital Markets reissued a “buy” rating and set a $72.00 price target on shares of Brunswick Corporation in a research note on Thursday, July 13th. Stifel Nicolaus lifted their price target on Brunswick Corporation from $66.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, July 14th. Zacks Investment Research raised Brunswick Corporation from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Thursday, June 29th. BidaskClub raised Brunswick Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Finally, Northcoast Research lowered Brunswick Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $65.82.
WARNING: This piece of content was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://stocknewstimes.com/2017/08/11/q3-2017-eps-estimates-for-brunswick-corporation-nysebc-lowered-by-analyst-updated.html.
Shares of Brunswick Corporation (BC) opened at 56.61 on Monday. The firm’s 50-day moving average price is $61.38 and its 200 day moving average price is $59.19. The company has a market capitalization of $5.08 billion, a PE ratio of 17.96 and a beta of 1.83. Brunswick Corporation has a one year low of $42.02 and a one year high of $63.82.
Brunswick Corporation (NYSE:BC) last announced its quarterly earnings data on Thursday, July 27th. The company reported $1.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.02. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Brunswick Corporation had a return on equity of 23.35% and a net margin of 6.13%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.17 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, August 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.17%. Brunswick Corporation’s dividend payout ratio (DPR) is 20.95%.
In other Brunswick Corporation news, Chairman Mark D. Schwabero sold 29,552 shares of Brunswick Corporation stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $63.74, for a total value of $1,883,644.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William Metzger sold 559 shares of Brunswick Corporation stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $62.50, for a total value of $34,937.50. Following the completion of the sale, the insider now owns 115,673 shares of the company’s stock, valued at $7,229,562.50. The disclosure for this sale can be found here. Insiders have sold 53,785 shares of company stock valued at $3,395,646 over the last 90 days. 1.00% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the company. James Investment Research Inc. acquired a new stake in shares of Brunswick Corporation during the first quarter worth $145,000. Venturi Wealth Management LLC acquired a new stake in shares of Brunswick Corporation during the first quarter worth $207,000. Envestnet Asset Management Inc. increased its stake in shares of Brunswick Corporation by 59.8% in the first quarter. Envestnet Asset Management Inc. now owns 3,932 shares of the company’s stock worth $240,000 after buying an additional 1,472 shares during the last quarter. Wright Investors Service Inc. increased its stake in shares of Brunswick Corporation by 21.4% in the second quarter. Wright Investors Service Inc. now owns 4,190 shares of the company’s stock worth $263,000 after buying an additional 740 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Brunswick Corporation during the first quarter worth $271,000. Institutional investors and hedge funds own 99.69% of the company’s stock.
About Brunswick Corporation
Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.
Receive News & Ratings for Brunswick Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brunswick Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
