Brunswick Corp. (NYSE:BC) – Wedbush reduced their Q4 2016 earnings per share (EPS) estimates for shares of Brunswick Corp. in a research note issued on Thursday. Wedbush analyst J. Hardiman now anticipates that the brokerage will earn $0.68 per share for the quarter, down from their prior estimate of $0.70.
A number of other equities analysts have also weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $65.00 price target on shares of Brunswick Corp. in a report on Monday, August 22nd. Off Wall Street initiated coverage on shares of Brunswick Corp. in a report on Monday, July 18th. They issued a “sell” rating on the stock. Imperial Capital initiated coverage on shares of Brunswick Corp. in a report on Tuesday, September 27th. They issued an “outperform” rating and a $60.00 price target on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $60.00 price target on shares of Brunswick Corp. in a report on Saturday, October 15th. Finally, Zacks Investment Research lowered shares of Brunswick Corp. from a “hold” rating to a “sell” rating in a report on Friday, October 14th. 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. Brunswick Corp. has an average rating of “Buy” and an average price target of $56.69.
Brunswick Corp. (NYSE:BC) opened at 43.20 on Monday. The firm has a market cap of $3.94 billion, a P/E ratio of 16.07 and a beta of 1.98. Brunswick Corp. has a 1-year low of $36.05 and a 1-year high of $55.65. The firm has a 50-day moving average of $47.73 and a 200 day moving average of $47.65.
Brunswick Corp. (NYSE:BC) last posted its earnings results on Thursday, October 27th. The company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.92 by $0.01. The business earned $1.09 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Brunswick Corp. had a net margin of 5.67% and a return on equity of 22.74%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company earned $0.77 EPS.
Large investors have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. bought a new stake in Brunswick Corp. during the second quarter valued at $109,000. Advisors Asset Management Inc. bought a new stake in Brunswick Corp. during the second quarter valued at $109,000. World Asset Management Inc increased its stake in Brunswick Corp. by 0.3% in the second quarter. World Asset Management Inc now owns 4,441 shares of the company’s stock valued at $201,000 after buying an additional 12 shares during the last quarter. BlackRock Japan Co. Ltd increased its stake in Brunswick Corp. by 362.8% in the first quarter. BlackRock Japan Co. Ltd now owns 4,272 shares of the company’s stock valued at $205,000 after buying an additional 3,349 shares during the last quarter. Finally, Advisor Group Inc. bought a new stake in Brunswick Corp. during the second quarter valued at $210,000. 94.50% of the stock is owned by institutional investors.
The company also recently declared 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. This is an increase from Brunswick Corp.’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, November 18th. This represents a $0.66 annualized dividend and a yield of 1.53%. Brunswick Corp.’s payout ratio is 22.22%.
About Brunswick Corp.