Brunswick Corp. (NYSE:BC) – Equities research analysts at KeyCorp lowered their FY2016 EPS estimates for shares of Brunswick Corp. in a report released on Thursday. KeyCorp analyst S. Hamann now expects that the brokerage will post earnings per share of $3.47 for the year, down from their prior forecast of $3.50.
Several other research firms have also commented on BC. B. Riley reaffirmed a “buy” rating and set a $65.00 price target on shares of Brunswick Corp. in a research report on Friday, July 29th. Off Wall Street began coverage on shares of Brunswick Corp. in a report on Monday, July 18th. They issued a “sell” rating for the company. Imperial Capital began coverage on shares of Brunswick Corp. in a report on Tuesday, September 27th. They issued an “outperform” rating and a $60.00 target price for the company. Zacks Investment Research upgraded shares of Brunswick Corp. from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Tuesday, August 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $60.00 target price on shares of Brunswick Corp. in a report on Saturday, October 15th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $56.69.
Shares of Brunswick Corp. (NYSE:BC) opened at 43.20 on Monday. Brunswick Corp. has a one year low of $36.05 and a one year high of $55.65. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 16.07 and a beta of 1.98. The stock’s 50 day moving average price is $47.73 and its 200 day moving average price is $47.65.
Brunswick Corp. (NYSE:BC) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.92 by $0.01. Brunswick Corp. had a net margin of 5.67% and a return on equity of 22.74%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the company posted $0.77 EPS. The business’s revenue for the quarter was up 10.2% on a year-over-year basis.
Several institutional investors have recently modified their holdings of the company. Silvercrest Asset Management Group LLC bought a new stake in shares of Brunswick Corp. during the first quarter worth $35,811,000. Boston Partners boosted its stake in shares of Brunswick Corp. by 9.9% in the second quarter. Boston Partners now owns 5,533,911 shares of the company’s stock worth $250,796,000 after buying an additional 499,837 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Brunswick Corp. by 206.3% in the first quarter. Goldman Sachs Group Inc. now owns 439,147 shares of the company’s stock worth $21,070,000 after buying an additional 295,783 shares during the period. Geode Capital Management LLC boosted its stake in shares of Brunswick Corp. by 44.2% in the first quarter. Geode Capital Management LLC now owns 890,445 shares of the company’s stock worth $42,722,000 after buying an additional 272,775 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Brunswick Corp. by 75.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 558,964 shares of the company’s stock worth $25,333,000 after buying an additional 239,747 shares during the period. Hedge funds and other institutional investors own 94.50% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Tuesday, November 22nd will be paid a dividend of $0.165 per share. The ex-dividend date is Friday, November 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.53%. This is an increase from Brunswick Corp.’s previous quarterly dividend of $0.15. Brunswick Corp.’s payout ratio is presently 22.22%.
Brunswick Corp. Company Profile