Brunswick (BC) Expected to Announce Earnings on Thursday

Brunswick (NYSE:BC - Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.22 per share and revenue of $1,039,558.96 billion for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Brunswick Stock Performance

Shares of NYSE BC traded up $0.89 during mid-day trading on Thursday, hitting $68.42. The company had a trading volume of 854,636 shares, compared to its average volume of 618,574. Brunswick has a 1 year low of $62.64 and a 1 year high of $96.65. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 17.02 and a beta of 1.54. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. The stock's 50-day moving average price is $71.76 and its 200-day moving average price is $76.79.

Analyst Upgrades and Downgrades

BC has been the subject of a number of analyst reports. Stifel Nicolaus dropped their target price on shares of Brunswick from $95.00 to $86.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Truist Financial reduced their price objective on Brunswick from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Benchmark reiterated a "buy" rating and set a $100.00 target price on shares of Brunswick in a research note on Friday, October 25th. DA Davidson dropped their target price on shares of Brunswick from $80.00 to $60.00 and set a "neutral" rating on the stock in a report on Wednesday. Finally, Citigroup upped their price target on shares of Brunswick from $92.00 to $101.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $84.46.

Insider Transactions at Brunswick

In other news, Director Nancy E. Cooper sold 366 shares of Brunswick stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.19, for a total value of $29,349.54. Following the transaction, the director now directly owns 24,557 shares in the company, valued at approximately $1,969,225.83. This trade represents a 1.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph W. Mcclanathan sold 4,745 shares of the firm's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $80.14, for a total value of $380,264.30. Following the sale, the director now directly owns 19,218 shares in the company, valued at approximately $1,540,130.52. The trade was a 19.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,940 shares of company stock valued at $2,321,176. 0.81% of the stock is currently owned by corporate insiders.

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.