Wall Street brokerages expect Brunswick Co. (NYSE:BC) to announce $1.15 billion in sales for the current fiscal quarter, according to Zacks. Ten analysts have issued estimates for Brunswick’s earnings, with the highest sales estimate coming in at $1.17 billion and the lowest estimate coming in at $1.13 billion. Brunswick posted sales of $1.16 billion in the same quarter last year, which suggests a negative year over year growth rate of 0.9%. The firm is scheduled to report its next earnings report before the market opens on Thursday, April 26th.
According to Zacks, analysts expect that Brunswick will report full-year sales of $4.78 billion for the current fiscal year, with estimates ranging from $4.75 billion to $4.81 billion. For the next financial year, analysts forecast that the firm will report sales of $5.06 billion per share, with estimates ranging from $5.00 billion to $5.11 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Brunswick.
Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.04). Brunswick had a net margin of 3.09% and a return on equity of 22.52%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The firm’s quarterly revenue was up 10.6% on a year-over-year basis.
In other Brunswick news, VP Christopher F. Dekker sold 3,100 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $58.84, for a total transaction of $182,404.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Cerebellum GP LLC bought a new stake in shares of Brunswick in the fourth quarter worth $128,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Brunswick by 1,158.4% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock worth $132,000 after purchasing an additional 2,201 shares during the last quarter. Annex Advisory Services LLC bought a new stake in shares of Brunswick in the fourth quarter worth $238,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Brunswick by 47.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,757 shares of the company’s stock worth $263,000 after purchasing an additional 1,540 shares during the last quarter. Finally, Ramsey Quantitative Systems bought a new stake in shares of Brunswick in the fourth quarter worth $264,000. 93.79% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE BC traded down $0.15 during midday trading on Tuesday, reaching $59.35. The company’s stock had a trading volume of 771,815 shares, compared to its average volume of 711,594. The company has a current ratio of 1.78, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. Brunswick has a fifty-two week low of $48.04 and a fifty-two week high of $64.45. The company has a market cap of $5,196.51, a price-to-earnings ratio of 15.62, a PEG ratio of 0.79 and a beta of 1.82.
ILLEGAL ACTIVITY WARNING: “$1.15 Billion in Sales Expected for Brunswick Co. (BC) This Quarter” was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://stocknewstimes.com/2018/04/22/1-15-billion-in-sales-expected-for-brunswick-co-bc-this-quarter.html.
Brunswick Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Brunswick Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brunswick and related companies with MarketBeat.com's FREE daily email newsletter.