Brunswick (BC) Projected to Post Quarterly Earnings on Thursday

Brunswick (NYSE:BC - Get Free Report) is expected to announce 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 $1.04 billion for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Brunswick Trading Down 2.7 %

NYSE:BC traded down $1.89 on Tuesday, reaching $68.62. 1,254,712 shares of the company's stock were exchanged, compared to its average volume of 677,854. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 17.07 and a beta of 1.54. Brunswick has a 52-week low of $62.64 and a 52-week high of $96.65. The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17. The business has a fifty day moving average of $71.33 and a 200-day moving average of $76.82.

Insider Buying and Selling

In related news, Director Nancy E. Cooper sold 366 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the completion of the sale, the director now owns 24,557 shares in the company, valued at $1,969,225.83. This represents a 1.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David M. Foulkes sold 23,829 shares of the company's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the completion of the sale, the chief executive officer now directly owns 251,094 shares of the company's stock, valued at $20,142,760.68. The trade was a 8.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BC shares. Citigroup reduced their target price on shares of Brunswick from $92.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday. DA Davidson decreased their target price on Brunswick from $80.00 to $60.00 and set a "neutral" rating for the company in a report on Wednesday, January 22nd. Roth Mkm cut their price target on Brunswick from $91.00 to $85.00 and set a "buy" rating on the stock in a report on Friday. B. Riley downgraded Brunswick from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $95.00 to $88.00 in a research report on Tuesday, November 26th. Finally, Morgan Stanley cut their target price on shares of Brunswick from $78.00 to $64.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Brunswick has an average rating of "Moderate Buy" and an average price target of $82.54.

Brunswick Company Profile

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.