Analysts Offer Predictions for Brunswick Corporation’s Q1 2017 Earnings (BC)

Analysts Offer Predictions for Brunswick Corporation’s Q1 2017 Earnings (BC)

Brunswick Corporation (NYSE:BC) – Research analysts at Wedbush issued their Q1 2017 earnings estimates for Brunswick Corporation in a research note issued to investors on Friday. Wedbush analyst J. Hardiman forecasts that the brokerage will earn $0.83 per share for the quarter. Wedbush currently has a “Outperform” rating and a $66.00 target price on the stock. Wedbush also issued estimates for Brunswick Corporation’s Q2 2017 earnings at $1.33 EPS, Q3 2017 earnings at $1.05 EPS, Q4 2017 earnings at $0.80 EPS and FY2017 earnings at $4.02 EPS.

BC has been the topic of a number of other research reports. Stifel Nicolaus reiterated a “buy” rating and set a $60.00 target price on shares of Brunswick Corporation in a research report on Saturday, October 15th. Zacks Investment Research cut Brunswick Corporation from a “hold” rating to a “sell” rating in a research report on Friday, October 14th. RBC Capital Markets reiterated a “buy” rating and set a $57.00 target price on shares of Brunswick Corporation in a research report on Tuesday, January 3rd. Wunderlich reiterated a “buy” rating and set a $65.00 target price on shares of Brunswick Corporation in a research report on Wednesday, January 11th. Finally, Jefferies Group LLC reissued a “hold” rating on shares of Brunswick Corporation in a report on Tuesday, January 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $61.14.

Brunswick Corporation (NYSE:BC) opened at 58.84 on Monday. Brunswick Corporation has a 12-month low of $37.31 and a 12-month high of $59.15. The company has a 50-day moving average price of $55.37 and a 200-day moving average price of $49.65. The firm has a market cap of $5.32 billion, a PE ratio of 19.63 and a beta of 2.00.

In other news, insider John C. Pfeifer sold 19,193 shares of the business’s stock in a transaction that occurred on Tuesday, January 10th. The stock was sold at an average price of $54.95, for a total transaction of $1,054,655.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.50% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of Brunswick Corporation by 13.1% in the second quarter. Principal Financial Group Inc. now owns 348,128 shares of the company’s stock valued at $15,777,000 after buying an additional 40,255 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Brunswick Corporation by 8.4% in the second quarter. Dimensional Fund Advisors LP now owns 658,047 shares of the company’s stock valued at $29,820,000 after buying an additional 50,809 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Brunswick Corporation by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 12,724 shares of the company’s stock valued at $577,000 after buying an additional 1,546 shares in the last quarter. Advisors Asset Management Inc. bought a new position in shares of Brunswick Corporation during the second quarter valued at about $109,000. Finally, Airain ltd bought a new position in shares of Brunswick Corporation during the second quarter valued at about $3,207,000. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Brunswick Corporation Company Profile

Brunswick Corporation (Brunswick) is a designer, manufacturer and marketer of recreation products, including marine engines, boats, fitness and active recreation products. The Company operates in three segments, which include Marine Engine, Boat and Fitness. The Marine Engine segment manufactures and markets a range of outboard engines, sterndrive engines, inboard engines and marine parts and accessories, which are principally sold directly to boat builders, including Brunswick’s Boat segment, or through marine retail dealers and distributors across the world.

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