Brunswick (NYSE:BC) issued its quarterly earnings results on Thursday. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.54, MarketWatch Earnings reports. The firm had revenue of $987.80 million during the quarter, compared to analyst estimates of $801.62 million. Brunswick had a positive return on equity of 23.56% and a negative net margin of 0.84%. The company’s revenue was down 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 earnings per share.

Shares of NYSE:BC traded down $2.19 on Friday, hitting $66.98. The company had a trading volume of 1,448,358 shares, compared to its average volume of 773,329. The firm’s 50-day simple moving average is $63.98 and its two-hundred day simple moving average is $53.51. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of -267.92 and a beta of 2.13. The company has a quick ratio of 0.80, a current ratio of 1.63 and a debt-to-equity ratio of 0.78. Brunswick has a 1 year low of $25.22 and a 1 year high of $73.99.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Tuesday, August 25th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Monday, August 24th. Brunswick’s payout ratio is currently 22.17%.

A number of analysts recently weighed in on BC shares. TheStreet upgraded Brunswick from a “d+” rating to a “c” rating in a research report on Wednesday, June 3rd. Zacks Investment Research upgraded shares of Brunswick from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Tuesday, June 16th. B. Riley reaffirmed a “buy” rating and set a $88.00 target price on shares of Brunswick in a report on Friday. Wells Fargo & Co reissued a “buy” rating on shares of Brunswick in a research note on Sunday, June 7th. Finally, Stifel Nicolaus raised their price objective on Brunswick from $43.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $62.43.

About Brunswick

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, electrical systems, service parts, and lubricants; and integrated propulsion systems to the recreational and commercial marine markets, as well as parts and accessories.

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Earnings History for Brunswick (NYSE:BC)

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