Brunswick (BC) Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brunswick in the last year. There are currently 1 hold rating and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BC shares.
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13 analysts have issued 1-year price objectives for Brunswick's stock. Their BC share price forecasts range from $91.00 to $122.00. On average, they expect the company's stock price to reach $102.25 in the next year. This suggests a possible upside of 26.9% from the stock's current price.
View analysts price targets for BC or view top-rated stocks among Wall Street analysts.

Brunswick's stock was trading at $72.08 at the start of the year. Since then, BC stock has increased by 11.8% and is now trading at $80.58.
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Brunswick saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 3,170,000 shares, an increase of 9.7% from the April 30th total of 2,890,000 shares. Based on an average trading volume of 574,800 shares, the short-interest ratio is presently 5.5 days. Approximately 4.6% of the company's shares are sold short.
View Brunswick's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our BC earnings forecast.

Brunswick Co. (NYSE:BC) announced its earnings results on Thursday, April, 27th. The company reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.36 by $0.21. The company earned $1.74 billion during the quarter, compared to analyst estimates of $1.71 billion. Brunswick had a net margin of 8.97% and a trailing twelve-month return on equity of 36.65%. The business's revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.53 earnings per share.

Brunswick announced a quarterly dividend on Wednesday, May 3rd. Shareholders of record on Monday, May 15th will be paid a dividend of $0.40 per share on Thursday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Friday, May 12th.
Read our dividend analysis for BC.

ETFs with the largest weight of Brunswick (NYSE:BC) stock in their portfolio include First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Gabelli Automation ETF (GAST), First Trust Mid Cap Value AlphaDEX Fund (FNK), US Value ETF (USVT), John Hancock Multifactor Small Cap ETF (JHSC), Xtrackers S&P MidCap 400 ESG ETF (MIDE) and WisdomTree U.S. MidCap Fund (EZM).

Brunswick (NYSE:BC) pays an annual dividend of $1.60 per share and currently has a dividend yield of 2.12%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 19.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BC will have a dividend payout ratio of 14.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BC.

Brunswick issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $9.50-$11.00 for the period, compared to the consensus estimate of $10.27. The company issued revenue guidance of $6.80 billion-$7.20 billion, compared to the consensus revenue estimate of $6.98 billion.

18 employees have rated Brunswick Chief Executive Officer David Foulkes on Glassdoor.com. David Foulkes has an approval rating of 93% among the company's employees. This puts David Foulkes in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Brunswick investors own include CA (CA), BlackRock (BLK), Micron Technology (MU), Endologix (ELGX), Accenture (ACN), Chipotle Mexican Grill (CMG), Applied Materials (AMAT), Advanced Micro Devices (AMD), NVIDIA (NVDA) and QUALCOMM (QCOM).

Brunswick trades on the New York Stock Exchange (NYSE) under the ticker symbol "BC."

Brunswick's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.96%), Cantillon Capital Management LLC (5.82%), State Street Corp (2.95%), American Century Companies Inc. (2.73%), JPMorgan Chase & Co. (2.70%) and Turtle Creek Asset Management Inc. (2.20%). Insiders that own company stock include Brenna Preisser, Christopher F Dekker, Christopher F Dekker, David M Foulkes, David V Singer, Nancy E Cooper, Randall S Altman and Ryan M Gwillim.
View institutional ownership trends.

Shares of BC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BC stock can currently be purchased for approximately $80.58.

Brunswick (NYSE:BC) has a market capitalization of $5.70 billion and generates $6.81 billion in revenue each year. The company earns $677 million in net income (profit) each year or $8.30 on an earnings per share basis.

The company employs 18,400 workers across the globe.

Brunswick's mailing address is 26125 N. RIVERWOODS BOULEVARD, METTAWA IL, 60045. The official website for the company is www.brunswick.com. The company can be reached via phone at (847) 735-4700, via email at ryan.gwillim@brunswick.com, or via fax at 847-735-4765.