Brunswick (NYSE:BC) Issues FY 2027 Earnings Guidance

Brunswick (NYSE:BC) updated its FY 2027 earnings guidance on Tuesday. The company provided earnings per share guidance of $15.00-$15.00 for the period. The company issued revenue guidance of $8.70 billion-$8.70 billion. Brunswick also updated its FY 2023 guidance to $9.50-$9.50 EPS.

Brunswick Price Performance

Shares of Brunswick stock opened at $76.32 on Tuesday. The stock has a 50 day moving average price of $82.78 and a 200-day moving average price of $82.10. Brunswick has a one year low of $64.55 and a one year high of $93.15. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 10.03 and a beta of 1.56. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.85 and a current ratio of 1.92.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, July 27th. The company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.03. Brunswick had a net margin of 8.21% and a return on equity of 33.86%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the firm posted $2.82 earnings per share. The business’s revenue for the quarter was down 7.3% on a year-over-year basis. Equities analysts expect that Brunswick will post 9.5 EPS for the current year.

Brunswick Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Wednesday, August 23rd were issued a $0.40 dividend. The ex-dividend date was Tuesday, August 22nd. This represents a $1.60 annualized dividend and a dividend yield of 2.10%. Brunswick’s payout ratio is 21.02%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Stifel Nicolaus reduced their target price on Brunswick from $106.00 to $102.00 and set a buy rating on the stock in a research note on Thursday, July 20th. B. Riley decreased their price objective on shares of Brunswick from $108.00 to $106.00 in a report on Friday, July 28th. StockNews.com started coverage on shares of Brunswick in a research note on Thursday, August 17th. They issued a buy rating on the stock. JPMorgan Chase & Co. downgraded shares of Brunswick from an overweight rating to a neutral rating and decreased their price target for the company from $109.00 to $79.00 in a research note on Monday, September 11th. Finally, Truist Financial cut their target price on shares of Brunswick from $105.00 to $100.00 and set a buy rating on the stock in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Brunswick presently has an average rating of Moderate Buy and a consensus target price of $98.31.

Institutional Investors Weigh In On Brunswick

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Panagora Asset Management Inc. acquired a new position in shares of Brunswick in the 1st quarter valued at $219,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Brunswick during the 4th quarter worth about $218,000. Nations Financial Group Inc. IA ADV acquired a new stake in shares of Brunswick during the 1st quarter valued at about $210,000. Belpointe Asset Management LLC increased its stake in shares of Brunswick by 32.0% in the 1st quarter. Belpointe Asset Management LLC now owns 2,567 shares of the company’s stock valued at $210,000 after purchasing an additional 623 shares in the last quarter. Finally, State of Wyoming raised its holdings in Brunswick by 51.2% in the 2nd quarter. State of Wyoming now owns 2,369 shares of the company’s stock worth $205,000 after purchasing an additional 802 shares during the period. 94.44% of the stock is owned by institutional investors and hedge funds.

About Brunswick

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. It operates through three segments: Propulsion, Parts & Accessories, and Boat. The Propulsion segment provides outboard, sterndrive, and inboard engines for independent boat builders and governments through marine dealers and distributors, specialty marine retailers, and marine service centers; and propulsion-related controls, rigging, and propellers to original equipment manufacturers and aftermarket retailers, distributors, and distribution businesses.