Roth Capital Issues Negative Outlook for Brunswick Earnings

Brunswick Co. (NYSE:BC - Free Report) - Roth Capital reduced their Q4 2026 earnings per share (EPS) estimates for shares of Brunswick in a note issued to investors on Tuesday, April 22nd. Roth Capital analyst S. Stember now anticipates that the company will post earnings of $0.84 per share for the quarter, down from their previous forecast of $1.02. The consensus estimate for Brunswick's current full-year earnings is $4.19 per share.

A number of other brokerages have also issued reports on BC. B. Riley upgraded shares of Brunswick to a "hold" rating in a research report on Wednesday, February 12th. Benchmark reduced their price objective on Brunswick from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Truist Financial lowered their target price on Brunswick from $85.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 14th. BMO Capital Markets cut their price target on Brunswick from $75.00 to $65.00 and set an "outperform" rating on the stock in a research note on Friday. Finally, Baird R W lowered Brunswick from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Brunswick presently has an average rating of "Moderate Buy" and a consensus price target of $73.85.

Brunswick Price Performance

NYSE BC traded down $1.03 on Wednesday, hitting $46.82. 1,059,458 shares of the company were exchanged, compared to its average volume of 766,486. Brunswick has a 1-year low of $41.00 and a 1-year high of $87.65. The firm has a 50 day moving average of $53.26 and a two-hundred day moving average of $66.63. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The company has a market cap of $3.09 billion, a P/E ratio of 24.64 and a beta of 1.42.

Brunswick (NYSE:BC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.31. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.14 billion.

Institutional Trading of Brunswick

Hedge funds and other institutional investors have recently modified their holdings of the company. FIL Ltd grew its stake in shares of Brunswick by 323.9% during the 4th quarter. FIL Ltd now owns 1,114,324 shares of the company's stock worth $72,074,000 after acquiring an additional 851,449 shares in the last quarter. Turtle Creek Asset Management Inc. boosted its holdings in Brunswick by 19.7% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company's stock worth $191,806,000 after purchasing an additional 488,412 shares during the last quarter. Norges Bank acquired a new position in Brunswick during the fourth quarter worth $30,097,000. Raymond James Financial Inc. bought a new position in Brunswick in the fourth quarter valued at $29,646,000. Finally, JPMorgan Chase & Co. increased its stake in Brunswick by 18.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,757,186 shares of the company's stock valued at $113,655,000 after buying an additional 269,413 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Insiders Place Their Bets

In related news, Director Nancy E. Cooper sold 433 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.65, for a total transaction of $28,426.45. Following the sale, the director now directly owns 25,361 shares in the company, valued at $1,664,949.65. This trade represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Randall S. Altman sold 3,417 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total transaction of $215,988.57. Following the completion of the sale, the senior vice president now directly owns 26,683 shares in the company, valued at $1,686,632.43. This represents a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.81% of the company's stock.

Brunswick Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.67%. The ex-dividend date was Monday, February 24th. This is an increase from Brunswick's previous quarterly dividend of $0.42. Brunswick's dividend payout ratio is presently 90.53%.

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.