Roth Capital Analysts Decrease Earnings Estimates for Brunswick Co. (NYSE:BC)

Brunswick Co. (NYSE:BC) – Stock analysts at Roth Capital cut their Q2 2024 earnings per share (EPS) estimates for shares of Brunswick in a research report issued to clients and investors on Friday, April 26th. Roth Capital analyst S. Stember now forecasts that the company will earn $1.85 per share for the quarter, down from their previous forecast of $1.91. The consensus estimate for Brunswick’s current full-year earnings is $7.43 per share. Roth Capital also issued estimates for Brunswick’s FY2024 earnings at $7.20 EPS, Q1 2025 earnings at $1.62 EPS and FY2025 earnings at $8.89 EPS.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, April 25th. The company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.01). The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Brunswick had a net margin of 6.24% and a return on equity of 25.37%. The company’s revenue was down 21.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.57 earnings per share.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus increased their target price on Brunswick from $88.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Roth Mkm reiterated a “buy” rating and issued a $94.00 price objective on shares of Brunswick in a report on Thursday, April 25th. Truist Financial dropped their price objective on Brunswick from $115.00 to $105.00 and set a “buy” rating for the company in a report on Friday, February 2nd. DA Davidson reiterated a “neutral” rating and issued a $77.00 price objective on shares of Brunswick in a report on Friday, March 15th. Finally, Raymond James cut Brunswick from an “outperform” rating to a “market perform” rating in a report on Thursday, January 4th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $92.83.

Brunswick Trading Up 1.2 %

Shares of BC stock opened at $82.09 on Monday. The stock has a market capitalization of $5.65 billion, a PE ratio of 15.26 and a beta of 1.56. Brunswick has a 1-year low of $66.47 and a 1-year high of $99.68. The business has a 50-day moving average of $88.94 and a 200 day moving average of $84.99. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.68 and a quick ratio of 0.75.

Brunswick Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, February 26th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Friday, February 23rd. This is a boost from Brunswick’s previous quarterly dividend of $0.40. Brunswick’s dividend payout ratio (DPR) is presently 31.23%.

Insider Activity

In related news, EVP John G. Buelow sold 2,426 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $87.12, for a total transaction of $211,353.12. Following the completion of the transaction, the executive vice president now owns 14,199 shares of the company’s stock, valued at approximately $1,237,016.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP John G. Buelow sold 2,426 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $87.12, for a total transaction of $211,353.12. Following the completion of the transaction, the executive vice president now owns 14,199 shares of the company’s stock, valued at approximately $1,237,016.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David M. Foulkes sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $87.11, for a total value of $3,048,850.00. Following the transaction, the chief executive officer now directly owns 272,626 shares of the company’s stock, valued at approximately $23,748,450.86. The disclosure for this sale can be found here. Insiders sold a total of 52,696 shares of company stock worth $4,574,199 in the last quarter. 0.81% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in shares of Brunswick by 140.4% in the 3rd quarter. FMR LLC now owns 3,435,357 shares of the company’s stock worth $271,393,000 after purchasing an additional 2,006,578 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Brunswick by 0.5% in the 3rd quarter. American Century Companies Inc. now owns 1,972,076 shares of the company’s stock worth $155,794,000 after purchasing an additional 9,465 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Brunswick by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,917,051 shares of the company’s stock worth $185,483,000 after purchasing an additional 47,053 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Brunswick by 32.1% in the 4th quarter. Victory Capital Management Inc. now owns 1,144,308 shares of the company’s stock worth $110,712,000 after purchasing an additional 278,082 shares in the last quarter. Finally, Van Berkom & Associates Inc. increased its holdings in shares of Brunswick by 25.7% in the 3rd quarter. Van Berkom & Associates Inc. now owns 899,980 shares of the company’s stock worth $71,098,000 after purchasing an additional 184,088 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

About Brunswick

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.