Brunswick Co. (NYSE:BC) - Investment analysts at B.Riley Securit raised their Q4 2020 earnings per share estimates for Brunswick in a report released on Thursday, October 15th. B.Riley Securit analyst E. Wold now expects that the company will post earnings of $1.00 per share for the quarter, up from their previous forecast of $0.81. B.Riley Securit also issued estimates for Brunswick's Q2 2021 earnings at $1.56 EPS, Q4 2021 earnings at $1.16 EPS and Q2 2022 earnings at $1.67 EPS. Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.45 by $0.54. Brunswick had a negative net margin of 0.84% and a positive return on equity of 23.56%. The company had revenue of $987.80 million during the quarter, compared to analyst estimates of $801.62 million. During the same period in the previous year, the firm earned $1.45 earnings per share. Brunswick's quarterly revenue was down 15.2% compared to the same quarter last year.
Other analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Brunswick from a "hold" rating to a "sell" rating in a research note on Monday, October 12th. KeyCorp boosted their price objective on Brunswick from $72.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Raymond James reiterated a "buy" rating on shares of Brunswick in a research note on Thursday, September 10th. B. Riley boosted their target price on shares of Brunswick from $88.00 to $90.00 in a research note on Thursday. Finally, Zacks Investment Research upgraded shares of Brunswick from a "hold" rating to a "buy" rating and set a $71.00 price target on the stock in a report on Friday, October 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of "Buy" and a consensus target price of $63.71.
BC stock opened at $63.84 on Monday. The stock has a market cap of $5.05 billion, a PE ratio of -255.36 and a beta of 2.02. Brunswick has a 12 month low of $25.22 and a 12 month high of $73.99. The company has a 50-day moving average price of $61.20 and a 200 day moving average price of $56.84. The company has a current ratio of 1.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.78.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC purchased a new position in shares of Brunswick in the 3rd quarter worth approximately $483,000. Bowling Portfolio Management LLC purchased a new position in Brunswick in the third quarter worth $882,000. Scout Investments Inc. grew its holdings in Brunswick by 10.3% in the third quarter. Scout Investments Inc. now owns 534,818 shares of the company's stock worth $31,506,000 after purchasing an additional 50,106 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Brunswick by 27.5% during the third quarter. Envestnet Asset Management Inc. now owns 81,350 shares of the company's stock worth $4,792,000 after purchasing an additional 17,525 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Brunswick by 11.7% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 12,400 shares of the company's stock valued at $794,000 after purchasing an additional 1,300 shares during the last quarter.
In other news, VP Randall S. Altman sold 3,746 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $65.06, for a total transaction of $243,714.76. Following the transaction, the vice president now directly owns 13,011 shares in the company, valued at $846,495.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.
Brunswick Company Profile
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, electrical systems, service parts, and lubricants; and integrated propulsion systems to the recreational and commercial marine markets, as well as parts and accessories.
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