Brunswick Co. (NYSE:BC) – Equities research analysts at B. Riley cut their Q3 2018 EPS estimates for Brunswick in a research report issued to clients and investors on Tuesday, October 16th, Zacks Investment Research reports. B. Riley analyst E. Wold now forecasts that the company will post earnings of $1.18 per share for the quarter, down from their prior estimate of $1.20. B. Riley also issued estimates for Brunswick’s Q1 2019 earnings at $1.17 EPS, Q3 2019 earnings at $1.32 EPS and FY2020 earnings at $5.90 EPS.
A number of other research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Brunswick from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. ValuEngine upgraded shares of Brunswick from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Imperial Capital restated an “outperform” rating and set a $70.00 price target (down previously from $90.00) on shares of Brunswick in a report on Friday, October 26th. Citigroup cut their price target on shares of Brunswick from $76.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, TheStreet downgraded shares of Brunswick from a “b” rating to a “c+” rating in a report on Thursday, October 25th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $72.00.
Brunswick (NYSE:BC) last released its earnings results on Thursday, October 25th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. Brunswick had a net margin of 2.12% and a return on equity of 26.19%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.26 billion.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Tuesday, November 20th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Monday, November 19th. This is an increase from Brunswick’s previous quarterly dividend of $0.19. Brunswick’s dividend payout ratio (DPR) is 19.54%.
In related news, insider John C. Pfeifer sold 5,446 shares of Brunswick stock in a transaction on Monday, October 1st. The shares were sold at an average price of $66.95, for a total value of $364,609.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Koch Industries Inc. acquired a new stake in Brunswick in the 1st quarter worth $226,000. Principal Financial Group Inc. grew its position in Brunswick by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 384,395 shares of the company’s stock worth $22,829,000 after purchasing an additional 9,141 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its position in Brunswick by 56.0% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 17,916 shares of the company’s stock worth $1,064,000 after purchasing an additional 6,432 shares during the last quarter. UBS Group AG grew its position in Brunswick by 263.6% in the 1st quarter. UBS Group AG now owns 356,181 shares of the company’s stock worth $21,154,000 after purchasing an additional 258,227 shares during the last quarter. Finally, LPL Financial LLC grew its position in Brunswick by 73.6% in the 1st quarter. LPL Financial LLC now owns 6,983 shares of the company’s stock worth $415,000 after purchasing an additional 2,960 shares during the last quarter. Hedge funds and other institutional investors own 96.06% of the company’s stock.
Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and lubricants; and diesel propulsion systems to the recreational and commercial marine markets.
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