Brunswick Corporation (BC) has recently encountered some challenges, as reported by analysts. During the company’s investors’ day, Truist Securities analyst Michael A. Swartz reaffirmed a positive Buy rating on the stock, with a price target of $100 that remains unchanged. However, BC has adjusted its commentary for the years 2023 and 2024 and has revised its long-term organic financial targets by 24 months, now aiming for $15 in EPS by 2027. BC’s goals for 2027 include reaching a revenue of $8.7 billion and an EPS of approximately $15. Despite potential disagreements regarding the near-term outlook for 2023 and 2024, Swartz maintains an optimistic view for the company’s long-term prospects.
On the other hand, KeyBanc Capital Markets analyst Noah Zatzkin predicts that BC will continue to face challenges in the near term. Following the investors’ day, Zatzkin has adjusted his estimated EPS for FY23, lowering it from $9.50 to $9.30 due to ongoing pressures in the marine channel and weaker orders for engines and Navico. For FY24, the analyst’s EPS estimate has also been revised downward from $10.15 to $9.30, reflecting reduced demand from engine and boat dealers, as well as original equipment manufacturers (OEMs). Additionally, BC’s management expects the industry’s boat retail to remain relatively flat. Zatzkin maintains a Sector Weight rating for the stock.
Brunswick Corporation
BC
Strong Buy
Updated on: 19/09/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
BC Stock: Strong Financial Performance and Stable Stock Performance on September 19, 2023
On September 19, 2023, BC stock opened at $76.69 and had a range of $76.03 to $78.04. The volume of shares traded was 920,913, which was higher than the average volume of 647,630 over the past three months. BC’s market capitalization stood at $5.4 billion. BC has shown strong earnings and revenue growth in the past year, with an earnings growth rate of +18.68% and a revenue growth rate of +16.52%. BC’s price-to-earnings (P/E) ratio is 10.1, the price-to-sales ratio is 0.80, and the price-to-book ratio is 2.71. BC reported an annual profit of $677.0 million last year, with a net profit margin of 10.00%. BC operates in the auto parts OEM industry and is headquartered in Mettawa, Illinois. On September 19, 2023, BC stock had a minimal increase of $0.05, representing a percentage change of +0.74%. BC’s next reporting date is on October 26, 2023, where the company will provide updates on its financial performance. The EPS forecast for this quarter is $2.75. BC has shown strong financial performance with positive earnings and revenue growth in the past year, and its stock performance on September 19, 2023, was relatively stable.
Positive Outlook for Brunswick Corps Stock Performance: Analysts Forecast Potential Increase
On September 19, 2023, Brunswick Corp’s stock performance was analyzed by 13 analysts who offered 12-month price forecasts. The median target price was $100.00, with a high estimate of $110.00 and a low estimate of $79.00. This indicates that the analysts expect the stock to increase by approximately 29.38% from its last price of $77.29.
According to the data from CNN Money, there is a consensus among 17 polled investment analysts to buy stock in Brunswick Corp. This rating has remained unchanged since September, indicating a consistent positive sentiment towards the company.
In terms of financial performance, Brunswick Corp reported earnings per share of $2.75 for the current quarter. This indicates the profitability of the company and its ability to generate earnings for its shareholders. Additionally, the company reported sales of $1.7 billion for the same period, highlighting its strong revenue generation capabilities.
Investors and analysts are eagerly awaiting the reporting date of October 26, when Brunswick Corp will release its financial results for the current quarter. This will provide further insights into the company’s performance and may impact its stock price.
Overall, the data suggests a positive outlook for Brunswick Corp’s stock performance on September 19, 2023. The median target price forecasted by analysts indicates a potential increase, and the consensus recommendation to buy the stock further supports this positive sentiment. Investors should keep an eye on the upcoming financial report release for a more comprehensive understanding of the company’s performance.
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