Brunswick (NYSE:BC – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.10), RTT News reports. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Brunswick had a return on equity of 25.37% and a net margin of 6.24%. Brunswick’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.35 EPS.
Brunswick Price Performance
Shares of NYSE BC traded up $6.07 on Thursday, hitting $79.58. The company’s stock had a trading volume of 1,705,505 shares, compared to its average volume of 756,474. The stock has a 50 day moving average of $76.18 and a 200-day moving average of $83.23. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 14.70 and a beta of 1.52. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.68 and a quick ratio of 0.75. Brunswick has a 12-month low of $66.47 and a 12-month high of $99.68.
Brunswick Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Wednesday, August 21st will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, August 21st. Brunswick’s dividend payout ratio is presently 31.23%.
Insider Activity at Brunswick
Analysts Set New Price Targets
Several analysts have commented on BC shares. Morgan Stanley cut their target price on Brunswick from $91.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. B. Riley decreased their target price on Brunswick from $108.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Citigroup reduced their price objective on shares of Brunswick from $100.00 to $88.00 and set a “buy” rating for the company in a research note on Monday, July 8th. JPMorgan Chase & Co. dropped their target price on shares of Brunswick from $78.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Benchmark initiated coverage on Brunswick in a report on Wednesday, May 22nd. They set a “buy” rating and a $100.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.00.
Get Our Latest Stock Report on Brunswick
Brunswick Company Profile
Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.
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