Brunswick (BC) Updates FY17 Earnings Guidance

Brunswick (NYSE:BC) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.85-3.87 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.85. The company issued revenue guidance of +7% to $4.8 billion, compared to the consensus revenue estimate of $4.79 billion.

Shares of Brunswick (NYSE BC) opened at $55.98 on Wednesday. The company has a current ratio of 1.81, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The firm has a market cap of $4,792.25, a price-to-earnings ratio of 14.50, a PEG ratio of 0.87 and a beta of 1.90. Brunswick has a 52-week low of $48.04 and a 52-week high of $63.82.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.09). The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Brunswick had a net margin of 5.93% and a return on equity of 22.71%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. sell-side analysts expect that Brunswick will post 3.86 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 21st will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, November 20th. This represents a $0.76 annualized dividend and a dividend yield of 1.36%. This is a positive change from Brunswick’s previous quarterly dividend of $0.17. Brunswick’s dividend payout ratio (DPR) is currently 24.52%.

BC has been the topic of several recent research reports. BidaskClub lowered shares of Brunswick from a sell rating to a strong sell rating in a report on Friday, August 11th. Northcoast Research raised shares of Brunswick from a neutral rating to a buy rating in a report on Friday, November 3rd. Royal Bank Of Canada reduced their target price on shares of Brunswick from $67.00 to $56.00 and set an outperform rating on the stock in a report on Monday, November 6th. Zacks Investment Research lowered shares of Brunswick from a hold rating to a sell rating in a report on Friday, September 29th. Finally, Forward View raised shares of Brunswick from a hold rating to a buy rating and set a $60.00 target price on the stock in a report on Sunday, September 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $62.50.

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About Brunswick

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.

Earnings History and Estimates for Brunswick (NYSE:BC)

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