Brunswick (NYSE:BC) Issues FY 2027 Earnings Guidance

Brunswick (NYSE:BCGet Free Report) 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:BCGet Free Report) 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. 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, Brunswick presently has an average rating of Moderate Buy and a consensus target price of $98.31.

View Our Latest Stock Analysis on Brunswick

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

(Get Free Report)

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.

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Earnings History and Estimates for Brunswick (NYSE:BC)

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