On September 19, 2023, Brunswick (NYSE: BC) provided an update on its earnings guidance for FY 2027. The company issued an EPS guidance range of $15.00-$15.00 and a revenue guidance range of $8.70 billion-$8.70 billion for the period.
In addition to the FY 2027 guidance, Brunswick also updated its EPS guidance for FY 2023 to $9.50-$9.50. These updates provide valuable insight into the company’s performance expectations for the coming years.
Various equities research analysts have recently released reports on Brunswick, offering different perspectives on the stock. B. Riley lowered their price objective from $108.00 to $106.00, while Citigroup reduced their price target from $106.00 to $100.00.
JPMorgan Chase & Co., in their report, downgraded Brunswick from an overweight rating to a neutral rating and lowered their price objective from $109.00 to $79.00. These ratings adjustments reflect the analysts’ assessments of the company’s prospects.
However, StockNews.com began coverage on Brunswick with a buy rating on August 17th, suggesting positive sentiment towards the stock despite varying opinions among analysts.
According to Bloomberg.com, Brunswick currently holds a consensus rating of “Moderate Buy” among analysts and has an average target price of $98.31.
Several hedge funds have made alterations to their positions in BC recently as well. Rockefeller Capital Management L.P., for example, increased its stake in Brunswick by 104.7% in the fourth quarter.
Other hedge funds like Fred Alger Management LLC and Neo Ivy Capital Management also acquired new positions in the first and second quarter respectively.
Meanwhile, institutional investors and hedge funds now own approximately 94.44% of Brunswick’s stock, indicating confidence in its long-term potential.
On Tuesday morning, BC stock opened at $76.32. The company’s financials showcase a current ratio of 1.92 and a quick ratio of 0.85, indicating its ability to meet short-term obligations.
With a market capitalization of $5.40 billion, Brunswick has a price-to-earnings (P/E) ratio of 10.03 and a beta of 1.56. Interestingly, the stock’s 50-day simple moving average stands at $82.78 while the 200-day simple moving average is slightly lower at $82.10.
Over the past twelve months, Brunswick shares have traded in the range of $64.55 to $93.15, reflecting some volatility in its stock price.
Although these figures provide an overview of Brunswick’s recent performance and analyst opinions, investors should exercise caution and conduct their own research before making any investment decisions related to BC stock.
Overall, the additional guidance on earnings from Brunswick provides investors with valuable insights into the future prospects of this company within its industry sector
Wells Fargo & Company
WFC
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: Buy
DCF: Strong Buy
ROE: Neutral
The Rise of Hedge Funds and Institutional Investors: Exploring the Potential of Brunswick Corporation
In recent months, several hedge funds have been making noteworthy changes to their positions in Brunswick Corporation (BC), leaving investors perplexed and curious about the implications. Rockefeller Capital Management L.P., for instance, has significantly increased its stake in Brunswick by a staggering 104.7% during the fourth quarter of last year. This move resulted in Rockefeller Capital Management now owning 520 shares of the company’s stock, which are valued at approximately $36,000 – an investment that comes with quite some bustiness.
Another notable player in this arena is Fred Alger Management LLC, which acquired a new position in Brunswick during the first quarter. Their investment in BC amounted to around $40,000, showcasing their confidence in the corporation’s potential for growth. Similarly, Neo Ivy Capital Management decided to enter the fray during the second quarter with a new position worth approximately $46,000. These investments imply that these hedge funds see promising prospects for Brunswick’s future development.
In addition to this, International Assets Investment Management LLC also jumped on board by acquiring a new position equating to $52,000 during the first quarter of this year. This further adds to the growing interest and confidence surrounding BC within hedge fund circles.
Shifting focus towards institutional investors and hedge funds as a whole reveals an intriguing story about their level of involvement in Brunswick Corporation. As of now, these entities own an astonishing 94.44% share of BC’s stock. Such a high degree of ownership implies that institutional investors are highly vested in this particular company and may play significant roles in shaping its future trajectory.
Brunswick Corporation recently released its quarterly earnings report on Thursday, July 27th – shedding light on its financial performance and subsequent implications for investors. The company reported earnings per share (EPS) of $2.35 for the quarter – surpassing analysts’ consensus estimates by $0.03 per share.
Additionally, Brunswick recorded revenue of $1.70 billion during the quarter, falling short of analysts’ expectations, which stood at $1.75 billion. It is worth noting that Brunswick’s quarterly revenue suffered a 7.3% decline compared to the same quarter last year. Meanwhile, in the prior year’s corresponding quarter, the company had reported earnings per share (EPS) of $2.82.
Nevertheless, with a net margin of 8.21% and a return on equity of 33.86%, Brunswick Corporation remains an intriguing prospect for investors looking to dabble in this domain.
Furthermore, stakeholders should take heed of the recent disclosure by Brunswick regarding its quarterly dividend payment. Shareholders recorded on Wednesday, August 23rd received a dividend of $0.40 per share on Friday, September 15th – signifying the company’s commitment to rewarding its investors financially.
Analyzing this dividend more closely reveals that it amounts to $1.60 on an annualized basis and boasts a yield of 2.10%. Taking into account BC’s payout ratio of 21.02%, it becomes evident that Brunswick is committed to returning value to its shareholders through its dividend policy.
In conclusion, the recent surge in activities by hedge funds and institutional investors surrounding their positions in Brunswick Corporation has left market observers both perplexed and eager for further insight into BC’s prospects. With noteworthy investments being made by prominent players like Rockefeller Capital Management L.P., Fred Alger Management LLC, Neo Ivy Capital Management, and International Assets Investment Management LLC – it is clear that confidence in Brunswick’s potential is gaining steam within these circles.
Furthermore, the recently released quarterly earnings report showcased promising financial indicators for BC, including an EPS surpassing estimates and a solid net margin as well as return on equity figures.
Lastly, the announcement of a quarterly dividend signifies Brunswick Corporation’s dedication to enhancing shareholder value through attractive returns. All these factors combined serve as thought-provoking evidence for potential investors, indicating that Brunswick Corporation’s trajectory could hold many intriguing opportunities for those willing to explore the complexities of this market.
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