Brunswick (NYSE:BC) Announces Quarterly Earnings Results

Key Points

• Brunswick Corporation reported a quarterly earnings per share (EPS) of $0.97, exceeding analysts' estimates of $0.91, while also noting a 6.8% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.43 per share, with a dividend yield of 2.6% and a payout ratio of 277.42%.
• Brunswick's stock price rose 3.7% during trading, closing at $67.45, backed by positive adjustments in price targets from several analysts.

Brunswick (NYSE:BC - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.13, Zacks reports. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the business posted $1.17 earnings per share. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. Brunswick updated its FY 2025 guidance to 3.250-3.25 EPS.

Brunswick Price Performance

Shares of BC stock traded up $5.34 on Thursday, reaching $70.39. The company had a trading volume of 1,489,108 shares, compared to its average volume of 911,730. The business's 50-day moving average is $63.98 and its 200 day moving average is $57.07. Brunswick has a one year low of $41.00 and a one year high of $87.65. The company has a quick ratio of 0.70, a current ratio of 1.68 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $4.60 billion, a PE ratio of 113.54 and a beta of 1.36.

Brunswick Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Wednesday, November 26th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $1.72 annualized dividend and a yield of 2.4%. Brunswick's payout ratio is presently 277.42%.

Institutional Investors Weigh In On Brunswick

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in Brunswick by 31.9% in the second quarter. Geneos Wealth Management Inc. now owns 959 shares of the company's stock worth $53,000 after purchasing an additional 232 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Brunswick by 1.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 23,215 shares of the company's stock valued at $1,282,000 after acquiring an additional 260 shares during the period. Tower Research Capital LLC TRC boosted its stake in Brunswick by 20.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,837 shares of the company's stock worth $157,000 after acquiring an additional 484 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in Brunswick by 2.0% in the second quarter. Treasurer of the State of North Carolina now owns 30,598 shares of the company's stock worth $1,690,000 after purchasing an additional 587 shares during the period. Finally, Snowden Capital Advisors LLC increased its stake in Brunswick by 23.2% in the second quarter. Snowden Capital Advisors LLC now owns 7,887 shares of the company's stock valued at $436,000 after purchasing an additional 1,486 shares in the last quarter. Institutional investors own 99.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BC shares. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Brunswick in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Brunswick from a "hold" rating to a "buy" rating in a research report on Monday, September 15th. Truist Financial raised their price objective on Brunswick from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Wednesday, October 15th. DA Davidson increased their target price on Brunswick from $43.00 to $59.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Finally, Zacks Research downgraded Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Seven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Brunswick presently has a consensus rating of "Hold" and an average price target of $67.62.

About Brunswick

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.