Brunswick (BC) to Release Earnings on Wednesday
Brunswick (NYSE:BC) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, January 24th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Brunswick has set its FY17 guidance at $3.85-3.87 EPS.
Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.09). The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.16 billion. Brunswick had a return on equity of 22.71% and a net margin of 5.93%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 EPS. On average, analysts expect Brunswick to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Brunswick (BC) opened at $58.26 on Tuesday. The company has a market cap of $5,110.00, a PE ratio of 18.73, a price-to-earnings-growth ratio of 0.83 and a beta of 1.91. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.81. Brunswick has a one year low of $48.04 and a one year high of $63.82.
A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Brunswick from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Stifel Nicolaus restated a “buy” rating and set a $65.00 price target (up previously from $61.00) on shares of Brunswick in a research note on Wednesday, January 17th. ValuEngine upgraded shares of Brunswick from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Royal Bank of Canada restated a “buy” rating on shares of Brunswick in a research note on Tuesday, October 3rd. Finally, B. Riley set a $65.00 price target on shares of Brunswick and gave the stock a “buy” rating in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $63.42.
Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.
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