Brunswick (NYSE:BC – Get Free Report) released its earnings results on Thursday. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.10), RTT News reports. Brunswick had a return on equity of 23.46% and a net margin of 5.92%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the previous year, the company earned $2.35 EPS. The firm’s quarterly revenue was down 15.2% compared to the same quarter last year.
Brunswick Stock Performance
Shares of BC stock traded up $0.96 during trading hours on Friday, reaching $79.98. 1,573,593 shares of the company’s stock were exchanged, compared to its average volume of 977,837. Brunswick has a fifty-two week low of $66.47 and a fifty-two week high of $99.68. The company has a quick ratio of 0.75, a current ratio of 1.70 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $5.40 billion, a P/E ratio of 14.87 and a beta of 1.52. The business has a fifty day moving average price of $76.11 and a 200-day moving average price of $83.13.
Brunswick Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Wednesday, August 21st will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Wednesday, August 21st. Brunswick’s dividend payout ratio is currently 31.23%.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on Brunswick
Insider Transactions at Brunswick
In other news, Director Nancy E. Cooper sold 357 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total transaction of $28,681.38. Following the transaction, the director now owns 23,211 shares in the company, valued at approximately $1,864,771.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Brunswick news, VP Brenna Preisser sold 1,225 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $82.09, for a total value of $100,560.25. Following the sale, the vice president now owns 58,076 shares of the company’s stock, valued at approximately $4,767,458.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Nancy E. Cooper sold 357 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $80.34, for a total transaction of $28,681.38. Following the transaction, the director now directly owns 23,211 shares of the company’s stock, valued at $1,864,771.74. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.
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.
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