Brunswick Co. (NYSE:BC) – Stock analysts at Northcoast Research cut their Q4 2018 EPS estimates for shares of Brunswick in a research note issued to investors on Wednesday. Northcoast Research analyst S. Woolf now forecasts that the company will post earnings per share of $0.87 for the quarter, down from their prior forecast of $0.91. Northcoast Research currently has a “Buy” rating and a $64.00 target price on the stock.

BC has been the subject of a number of other reports. BMO Capital Markets cut their target price on shares of Brunswick from $68.00 to $62.00 and set an “outperform” rating for the company in a report on Friday, October 27th. Robert W. Baird reaffirmed a “buy” rating and set a $65.00 price objective on shares of Brunswick in a research note on Friday, December 22nd. Imperial Capital reaffirmed a “buy” rating and set a $65.00 price objective on shares of Brunswick in a research note on Wednesday, December 13th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Brunswick from a “sell” rating to a “hold” rating in a research note on Thursday, January 18th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $62.00 price objective on shares of Brunswick in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $65.47.

Brunswick (BC) opened at $57.21 on Friday. Brunswick has a fifty-two week low of $48.04 and a fifty-two week high of $64.45. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.78 and a quick ratio of 1.04. The firm has a market cap of $5,016.75, a price-to-earnings ratio of 15.06, a P/E/G ratio of 0.77 and a beta of 1.82.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, February 1st. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.04). Brunswick had a net margin of 3.09% and a return on equity of 22.52%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the business posted $0.66 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year.

In other news, insider John C. Pfeifer sold 3,780 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total transaction of $207,748.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of BC. Advisor Group Inc. boosted its stake in shares of Brunswick by 2.7% during the second quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after purchasing an additional 87 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Brunswick by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 834,264 shares of the company’s stock valued at $52,334,000 after purchasing an additional 21,322 shares during the period. Stifel Financial Corp boosted its stake in shares of Brunswick by 6.2% during the second quarter. Stifel Financial Corp now owns 25,067 shares of the company’s stock valued at $1,572,000 after purchasing an additional 1,458 shares during the period. HighTower Advisors LLC boosted its stake in shares of Brunswick by 1.5% during the second quarter. HighTower Advisors LLC now owns 8,107 shares of the company’s stock valued at $509,000 after purchasing an additional 122 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Brunswick during the second quarter valued at $348,000. 91.53% of the stock is owned by hedge funds and other institutional investors.

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Brunswick Company Profile

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.

Earnings History and Estimates for Brunswick (NYSE:BC)

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