Brunswick - BC Stock Forecast, Price & News

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. It operates through Propulsion; Parts & Accessories; and Boat segments. The Propulsion segment provides outboard, sterndrive, and inboard engines for independent boat builders and governments through marine dealers and distributors, specialty marine retailers, and marine service centers; and propulsion-related controls, rigging, and propellers to original equipment manufacturers and aftermarket retailers, distributors, and distribution businesses. This segment offers its products under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, and Mercury Diesel brands. The Parts & Accessories segment provides engine parts and consumables, electrical products, boat parts and systems, engine oils and lubricants, marine electronics and control systems, instruments, trolling motors, fuel systems, and electrical systems, as well as specialty vehicle, mobile, and transportation aftermarket products for aftermarket retailers, distributors, and distribution businesses, as well for as for the original equipment manufacturers in marine and non-marine markets; and supplies parts and accessories. This segment offers its products under the under the Mercury, Mercury Precision Parts, Quicksilver, and Seachoice brands. The Boat segment provides Sea Ray sport boats and cruisers; Bayliner sport cruisers, runabouts and Heyday wake; Boston Whaler fiberglass offshore boats; Lund fiberglass fishing boats; Crestliner, Cypress Cay, Harris, Lowe, Lund, Princecraft aluminum fishing, utility, pontoon, and deck boats; and Thunder Jet heavy-gauge aluminum boats, as well as the freedom boat club, dealer services, and technology to the marine industry through dealers and distributors. Brunswick Corporation was founded in 1845 and is headquartered in Mettawa, Illinois.

Brunswick Price Performance

NYSE:BC traded up $0.06 on Tuesday, reaching $80.04. The company's stock had a trading volume of 698,854 shares, compared to its average volume of 847,939. The firm has a market cap of $5.95 billion, a PE ratio of 10.04 and a beta of 1.62. The company has a current ratio of 1.99, a quick ratio of 0.97 and a debt-to-equity ratio of 1.25. Brunswick has a 52 week low of $61.89 and a 52 week high of $108.51. The business has a 50-day moving average price of $71.30 and a 200 day moving average price of $79.69.

Brunswick (NYSE:BC - Get Rating) last released its quarterly earnings data on Thursday, July 28th. The company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.12. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. Brunswick had a return on equity of 35.33% and a net margin of 9.64%. The company's revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.52 EPS. Sell-side analysts expect that Brunswick will post 10.26 EPS for the current year.

Brunswick Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 24th will be issued a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, August 23rd. Brunswick's payout ratio is 18.32%.

Wall Street Analyst Weigh In

BC has been the topic of several recent analyst reports. B. Riley dropped their target price on shares of Brunswick from $120.00 to $101.00 and set a "buy" rating on the stock in a report on Tuesday, June 21st. Raymond James boosted their price objective on Brunswick from $121.00 to $123.00 in a research report on Friday, April 29th. Northcoast Research reaffirmed a "neutral" rating on shares of Brunswick in a report on Tuesday, May 17th. MKM Partners began coverage on Brunswick in a research report on Wednesday, July 13th. They issued a "buy" rating and a $96.00 price objective for the company. Finally, Stifel Nicolaus lowered their price objective on shares of Brunswick from $123.00 to $115.00 in a research note on Monday, April 25th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $107.92.