B. Riley Analysts Boost Earnings Estimates for Brunswick Co. (NYSE:BC)

Brunswick Co. (NYSE:BC) – Analysts at B. Riley raised their Q4 2024 earnings per share (EPS) estimates for shares of Brunswick in a research note issued to investors on Wednesday, July 10th. B. Riley analyst E. Wold now anticipates that the company will post earnings of $1.99 per share for the quarter, up from their prior forecast of $1.89. B. Riley has a “Buy” rating and a $97.00 price target on the stock. The consensus estimate for Brunswick’s current full-year earnings is $7.26 per share. B. Riley also issued estimates for Brunswick’s Q2 2025 earnings at $2.21 EPS, Q4 2025 earnings at $2.21 EPS and FY2025 earnings at $8.86 EPS.

BC has been the subject of several other reports. Citigroup reduced their price objective on Brunswick from $100.00 to $88.00 and set a “buy” rating for the company in a research note on Monday, July 8th. BNP Paribas reiterated a “neutral” rating and set a $82.00 price objective (down from $94.00) on shares of Brunswick in a research report on Monday, April 15th. Roth Mkm restated a “buy” rating and issued a $94.00 target price on shares of Brunswick in a report on Thursday, April 25th. Morgan Stanley lowered their price target on Brunswick from $91.00 to $86.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Finally, Stifel Nicolaus reduced their price objective on Brunswick from $97.00 to $95.00 and set a “buy” rating for the company in a research note on Friday. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $90.31.

Brunswick Stock Up 1.7 %

Shares of BC stock opened at $77.35 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.75 and a current ratio of 1.68. The stock has a market cap of $5.23 billion, a PE ratio of 14.38 and a beta of 1.52. The business’s fifty day moving average is $76.87 and its 200-day moving average is $84.21. Brunswick has a 1 year low of $66.47 and a 1 year high of $99.68.

Brunswick (NYSE:BC) last posted its quarterly earnings data 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). Brunswick had a return on equity of 25.37% and a net margin of 6.24%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the company earned $2.57 EPS. The business’s revenue for the quarter was down 21.7% compared to the same quarter last year.

Brunswick Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, May 13th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Friday, May 10th. Brunswick’s payout ratio is 31.23%.

Insider Buying and Selling

In other news, VP Brenna Preisser sold 1,225 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $82.09, for a total value of $100,560.25. Following the sale, the vice president now directly owns 58,076 shares of the company’s stock, valued at $4,767,458.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Brunswick news, Director Nancy E. Cooper sold 357 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $80.34, for a total value of $28,681.38. Following the completion of the transaction, the director now owns 23,211 shares of the company’s stock, valued at approximately $1,864,771.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Brenna Preisser sold 1,225 shares of Brunswick stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $82.09, for a total value of $100,560.25. Following the sale, the vice president now directly owns 58,076 shares in the company, valued at approximately $4,767,458.84. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Brunswick

Several large investors have recently modified their holdings of BC. Principal Securities Inc. acquired a new position in Brunswick in the fourth quarter valued at about $28,000. Johnson Financial Group Inc. bought a new stake in Brunswick during the 4th quarter worth approximately $30,000. Rise Advisors LLC increased its holdings in Brunswick by 249.5% during the 1st quarter. Rise Advisors LLC now owns 325 shares of the company’s stock valued at $31,000 after purchasing an additional 232 shares in the last quarter. SRS Capital Advisors Inc. raised its position in Brunswick by 347.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 434 shares of the company’s stock valued at $42,000 after purchasing an additional 337 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Brunswick by 43,700.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock worth $42,000 after purchasing an additional 437 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors.

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.