Jefferies Financial Group Analysts Cut Earnings Estimates for Brunswick Co. (NYSE:BC)

Brunswick Co. (NYSE:BCGet Rating) – Equities research analysts at Jefferies Financial Group decreased their Q1 2023 earnings per share (EPS) estimates for Brunswick in a note issued to investors on Monday, January 23rd. Jefferies Financial Group analyst A. Glaessgen now forecasts that the company will post earnings per share of $2.70 for the quarter, down from their previous forecast of $2.84. Jefferies Financial Group has a “Buy” rating and a $100.00 price target on the stock. The consensus estimate for Brunswick’s current full-year earnings is $10.01 per share. Jefferies Financial Group also issued estimates for Brunswick’s Q2 2023 earnings at $3.15 EPS, Q3 2023 earnings at $2.75 EPS, Q4 2023 earnings at $1.98 EPS and FY2023 earnings at $10.60 EPS.

Brunswick (NYSE:BCGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.05. Brunswick had a return on equity of 36.52% and a net margin of 9.56%. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.77 billion.

BC has been the topic of several other reports. Raymond James reduced their price objective on Brunswick from $115.00 to $97.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. StockNews.com upgraded Brunswick from a “hold” rating to a “buy” rating in a research note on Wednesday, January 18th. Robert W. Baird cut their target price on Brunswick from $120.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Truist Financial raised their target price on Brunswick from $90.00 to $95.00 in a research note on Friday, January 6th. Finally, JPMorgan Chase & Co. cut their target price on Brunswick from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 26th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $97.00.

Brunswick Stock Performance

Shares of BC opened at $80.17 on Wednesday. The business’s fifty day moving average price is $74.03 and its 200 day moving average price is $73.75. Brunswick has a 12-month low of $61.89 and a 12-month high of $98.49. The stock has a market capitalization of $5.81 billion, a PE ratio of 9.61 and a beta of 1.54. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.88 and a quick ratio of 0.84.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Savant Capital LLC grew its holdings in Brunswick by 2.2% during the second quarter. Savant Capital LLC now owns 6,136 shares of the company’s stock worth $401,000 after acquiring an additional 133 shares during the period. Bridgewater Advisors Inc. boosted its position in shares of Brunswick by 1.0% in the 2nd quarter. Bridgewater Advisors Inc. now owns 14,403 shares of the company’s stock valued at $942,000 after purchasing an additional 149 shares during the period. Citizens Financial Group Inc RI boosted its position in shares of Brunswick by 3.1% in the 2nd quarter. Citizens Financial Group Inc RI now owns 4,945 shares of the company’s stock valued at $323,000 after purchasing an additional 149 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Brunswick by 1.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 12,424 shares of the company’s stock valued at $814,000 after purchasing an additional 159 shares during the period. Finally, US Bancorp DE boosted its position in shares of Brunswick by 1.9% in the 3rd quarter. US Bancorp DE now owns 8,629 shares of the company’s stock valued at $565,000 after purchasing an additional 159 shares during the period. 93.01% of the stock is owned by institutional investors and hedge funds.

Brunswick Company Profile

(Get Rating)

Brunswick Corp. engages in the design, manufacture, and marketing of recreational marine products, including marine engines, boats, and parts and accessories for those products. It operates through the following segments: Propulsion, Parts and Accessories, Boat, and Corporate/Other. The Propulsion segment manufactures a full range of outboard, sterndrive, and inboard engines, as well as propulsion-related controls, propellers, and rigging parts and accessories.

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