Favorable Media Coverage Somewhat Likely to Impact Brunswick Corporation (BC) Share Price

Media headlines about Brunswick Corporation (NYSE:BC) have been trending positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Brunswick Corporation earned a coverage optimism score of 0.37 on Accern’s scale. Accern also gave news stories about the company an impact score of 50 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:

Brunswick Corporation (NYSE:BC) opened at 62.62 on Wednesday. The stock’s 50 day moving average price is $57.32 and its 200 day moving average price is $57.86. Brunswick Corporation has a 12 month low of $41.19 and a 12 month high of $63.47. The firm has a market capitalization of $5.59 billion, a P/E ratio of 20.80 and a beta of 1.81.

Brunswick Corporation (NYSE:BC) last posted its quarterly earnings results on Thursday, April 27th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.15 billion. Brunswick Corporation had a net margin of 6.03% and a return on equity of 23.15%. During the same quarter in the prior year, the business posted $0.71 earnings per share. On average, analysts forecast that Brunswick Corporation will post $4.06 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Tuesday, May 23rd were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, May 19th. Brunswick Corporation’s payout ratio is 22.00%.

Several brokerages recently weighed in on BC. B. Riley reissued a “buy” rating and issued a $72.00 price objective on shares of Brunswick Corporation in a report on Wednesday, May 3rd. BidaskClub raised Brunswick Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Royal Bank Of Canada reissued a “buy” rating and issued a $65.00 price objective on shares of Brunswick Corporation in a report on Sunday, June 11th. Stifel Nicolaus reissued an “outperform” rating and issued a $65.00 price objective (up from $64.00) on shares of Brunswick Corporation in a report on Friday, April 14th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $56.00 price objective on shares of Brunswick Corporation in a report on Friday, March 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. Brunswick Corporation presently has an average rating of “Buy” and a consensus target price of $64.64.

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In other news, insider John C. Pfeifer sold 2,346 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $58.26, for a total transaction of $136,677.96. Following the completion of the sale, the insider now owns 44,488 shares of the company’s stock, valued at $2,591,870.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider William Metzger sold 15,301 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $62.50, for a total transaction of $956,312.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,744 shares of company stock valued at $1,681,132. Company insiders own 1.00% of the company’s stock.

Brunswick Corporation Company Profile

Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.

Insider Buying and Selling by Quarter for Brunswick Corporation (NYSE:BC)

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