Q4 Earnings Forecast for Brunswick Issued By DA Davidson

Brunswick Co. (NYSE:BC) – Equities researchers at DA Davidson issued their Q4 2024 earnings estimates for Brunswick in a research report issued on Thursday, January 23rd. DA Davidson analyst B. Rolle expects that the company will post earnings of $0.18 per share for the quarter. DA Davidson has a “Neutral” rating and a $60.00 price objective on the stock. The consensus estimate for Brunswick’s current full-year earnings is $4.51 per share.

Other research analysts have also issued research reports about the company. Benchmark reiterated a “buy” rating and set a $100.00 target price on shares of Brunswick in a research report on Friday, October 25th. Citigroup lifted their target price on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Truist Financial lowered their price objective on Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. B. Riley lowered Brunswick from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $95.00 to $88.00 in a research note on Tuesday, November 26th. Finally, Morgan Stanley reduced their price objective on Brunswick from $78.00 to $64.00 and set an “equal weight” rating for the company in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $84.46.

Brunswick Price Performance

Shares of Brunswick stock opened at $68.42 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17. Brunswick has a twelve month low of $62.64 and a twelve month high of $96.65. The business has a 50-day moving average price of $71.76 and a 200 day moving average price of $76.79. The firm has a market cap of $4.51 billion, a PE ratio of 17.02 and a beta of 1.54.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Oak Thistle LLC purchased a new stake in Brunswick during the 4th quarter worth $368,000. Sei Investments Co. raised its holdings in shares of Brunswick by 7.6% during the 2nd quarter. Sei Investments Co. now owns 221,073 shares of the company’s stock valued at $16,087,000 after buying an additional 15,602 shares during the period. Bank of Montreal Can boosted its holdings in Brunswick by 20.8% in the 2nd quarter. Bank of Montreal Can now owns 40,193 shares of the company’s stock worth $2,925,000 after acquiring an additional 6,922 shares during the period. Global Alpha Capital Management Ltd. raised its stake in shares of Brunswick by 47.5% during the third quarter. Global Alpha Capital Management Ltd. now owns 240,128 shares of the company’s stock valued at $20,128,000 after purchasing an additional 77,340 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Brunswick by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company’s stock worth $124,705,000 after buying an additional 102,780 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Insider Activity at Brunswick

In related news, Director Nancy E. Cooper sold 366 shares of Brunswick stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.19, for a total transaction of $29,349.54. Following the completion of the transaction, the director now directly owns 24,557 shares of the company’s stock, valued at approximately $1,969,225.83. The trade was a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO David M. Foulkes sold 23,829 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the completion of the sale, the chief executive officer now directly owns 251,094 shares in the company, valued at approximately $20,142,760.68. The trade was a 8.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by 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.