$1.15 Billion in Sales Expected for Brunswick Co. (BC) This Quarter

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.

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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.



A number of research analysts recently issued reports on BC shares. Zacks Investment Research cut shares of Brunswick from a “hold” rating to a “sell” rating in a research note on Monday, January 1st. ValuEngine raised shares of Brunswick from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $65.00 price objective (up from $61.00) on shares of Brunswick in a research note on Wednesday, January 17th. Northcoast Research set a $64.00 price objective on shares of Brunswick and gave the company a “buy” rating in a research note on Monday, January 29th. Finally, B. Riley lifted their price objective on shares of Brunswick from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $69.66.

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.

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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.

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Earnings History and Estimates for Brunswick (NYSE:BC)

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