Roth Capital Issues Negative Forecast for Brunswick Earnings

Brunswick Co. (NYSE:BC - Free Report) - Equities research analysts at Roth Capital reduced their Q4 2026 EPS estimates for shares of Brunswick in a research note issued to investors on Tuesday, April 22nd. Roth Capital analyst S. Stember now expects that the company will post earnings of $0.84 per share for the quarter, down from their previous estimate of $1.02. The consensus estimate for Brunswick's current full-year earnings is $4.19 per share.

Brunswick (NYSE:BC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.31. The firm had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.14 billion. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. The company's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.35 earnings per share.

Other research analysts have also issued research reports about the stock. Robert W. Baird reiterated a "neutral" rating and set a $56.00 price objective (down previously from $90.00) on shares of Brunswick in a research note on Friday, April 4th. Truist Financial dropped their price objective on Brunswick from $85.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 14th. DA Davidson reissued a "neutral" rating and set a $43.00 target price (down previously from $64.00) on shares of Brunswick in a research report on Monday. Baird R W cut Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Benchmark initiated coverage on Brunswick in a report on Monday. They issued a "buy" rating and a $70.00 target price for the company. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $71.00.

Brunswick Stock Performance

Shares of NYSE BC traded down $0.83 during midday trading on Wednesday, hitting $46.03. 327,177 shares of the stock traded hands, compared to its average volume of 765,185. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. The firm has a 50-day moving average of $53.26 and a two-hundred day moving average of $66.43. The firm has a market capitalization of $3.03 billion, a P/E ratio of 24.25 and a beta of 1.42. Brunswick has a one year low of $41.00 and a one year high of $87.65.

Brunswick Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.74%. The ex-dividend date was Monday, February 24th. This is a boost from Brunswick's previous quarterly dividend of $0.42. Brunswick's dividend payout ratio is 142.15%.

Insiders Place Their Bets

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the sale, the director now owns 25,361 shares of the company's stock, valued at $1,664,949.65. This trade represents a 1.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Randall S. Altman sold 3,417 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total transaction of $215,988.57. Following the completion of the transaction, the senior vice president now directly owns 26,683 shares of the company's stock, valued at approximately $1,686,632.43. This trade represents a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. FIL Ltd raised its stake in Brunswick by 323.9% in the fourth quarter. FIL Ltd now owns 1,114,324 shares of the company's stock valued at $72,074,000 after buying an additional 851,449 shares during the period. Turtle Creek Asset Management Inc. raised its position in Brunswick by 19.7% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company's stock worth $191,806,000 after acquiring an additional 488,412 shares during the period. Norges Bank bought a new position in shares of Brunswick in the fourth quarter valued at approximately $30,097,000. Raymond James Financial Inc. bought a new position in Brunswick in the fourth quarter valued at $29,646,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Brunswick by 18.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,757,186 shares of the company's stock valued at $113,655,000 after acquiring an additional 269,413 shares during the last quarter. Institutional investors own 99.34% of the company's stock.

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.