Brunswick (NYSE:BC) Posts Quarterly Earnings Results, Beats Expectations By $0.27 EPS

Key Points

• Brunswick Corporation reported a quarterly EPS of $1.16, exceeding the consensus estimate of $0.89, with revenues of $1.45 billion compared to expectations of $1.25 billion.
• The company updated its FY 2025 guidance to 3.250 EPS and announced a quarterly dividend of $0.43, with a payout ratio of 142.15%.
• Brunswick's stock rose 1.9% to $60.55, and six research analysts currently rate it with a "hold" rating while eight recommend a "buy" rating.

Brunswick (NYSE:BC - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.27, Zacks reports. Brunswick had a return on equity of 10.73% and a net margin of 0.82%. The company had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same period in the prior year, the firm earned $1.80 earnings per share. Brunswick's revenue for the quarter was up .2% compared to the same quarter last year. Brunswick updated its FY 2025 guidance to 3.250-3.250 EPS and its Q3 2025 guidance to 0.750-0.900 EPS.

Brunswick Trading Down 3.3%

NYSE BC traded down $2.04 during mid-day trading on Wednesday, hitting $59.15. The company's stock had a trading volume of 1,516,167 shares, compared to its average volume of 909,441. Brunswick has a 52-week low of $41.00 and a 52-week high of $87.65. The stock's fifty day simple moving average is $56.86 and its two-hundred day simple moving average is $56.53. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.68 and a quick ratio of 0.70. The firm has a market capitalization of $3.88 billion, a P/E ratio of 95.40 and a beta of 1.27.

Brunswick Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Wednesday, August 20th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $1.72 annualized dividend and a yield of 2.91%. Brunswick's payout ratio is 277.42%.

Insider Buying and Selling

In related news, VP Christopher F. Dekker sold 2,092 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $58.47, for a total value of $122,319.24. Following the transaction, the vice president owned 44,466 shares in the company, valued at approximately $2,599,927.02. This trade represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.81% of the company's stock.

Hedge Funds Weigh In On Brunswick

A number of hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. raised its stake in shares of Brunswick by 477.0% during the first quarter. Geneos Wealth Management Inc. now owns 727 shares of the company's stock valued at $39,000 after purchasing an additional 601 shares in the last quarter. United Services Automobile Association bought a new stake in shares of Brunswick during the first quarter valued at about $214,000. AQR Capital Management LLC raised its stake in shares of Brunswick by 133.6% during the first quarter. AQR Capital Management LLC now owns 77,326 shares of the company's stock valued at $4,076,000 after purchasing an additional 44,228 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Brunswick by 10.7% during the first quarter. Royal Bank of Canada now owns 149,000 shares of the company's stock valued at $8,024,000 after purchasing an additional 14,395 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Brunswick by 142.9% in the first quarter. Goldman Sachs Group Inc. now owns 346,503 shares of the company's stock worth $18,659,000 after acquiring an additional 203,838 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BC shares. Robert W. Baird lifted their price target on Brunswick from $56.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Truist Financial lowered their price objective on Brunswick from $85.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Baird R W downgraded Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Jefferies Financial Group dropped their price objective on Brunswick from $64.00 to $45.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Finally, Citigroup reaffirmed a "buy" rating and issued a $68.00 price target (up previously from $61.00) on shares of Brunswick in a report on Monday, June 16th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $68.25.

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.