Brunswick Corp. (NYSE: BC): Is It A Buying Opportunity Again?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Brunswick Corporation Named one of ‘America’s Most Trustworthy Companies’ by Newsweek for Second Consecutive Year.

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Stocks Info

This NYSE-listed company operates within the Recreational Vehicles industry segment, falling under the Consumer Cyclical sector. The current market capitalization of Brunswick Corp. is $6.52B. A total of 0.63 million shares were traded on the day, compared to an average of 739.56K shares.

In the most recent transaction, FOULKES DAVID M sold 35,000 shares of BC for 87.11 per share on Feb 26 ’24. After the transaction, the Chief Executive Officer now owns 272,626 company shares. In a previous transaction on Feb 22 ’24, COOPER NANCY E sold 357 shares at 87.91 per share. BC shares that Director owns now total 22,549.

Among the insiders who sold shares, Gwillim Ryan M disposed of 9,036 shares on Feb 16 ’24 at a per-share price of $87.10. This resulted in the E.V.P. & CFO holding 28,966 shares of BC after the transaction. In another insider transaction, Buelow John G sold 2,426 shares at $87.12 per share on Feb 16 ’24. Company shares held by the EVP & President Mercury Marine now total 14,199.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Brunswick Corp. pays an annual dividend of $1.62, resulting in a dividend yield of 1.69%, and it has a price to earnings (P/E) ratio of 16.08. BC’s most recent ex-dividend date was 2/23/2024 when it declared a $0.42 quarterly dividend that was paid in cash on 3/15/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/21/2023. The BC stock dividend was $0.40 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, BC has a high of $99.68 and a low of $66.47.

As of this writing, BC has an earnings estimate of $1.35 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $1.4 per share and a lower estimate of $1.3. The company reported an EPS of $2.42 in the last quarter, which was 2.50% higher than expectations of $2.36.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. BC’s latest balance sheet shows that the firm has $355.30M in Cash & Short Term Investments as of fiscal 2021. There were $1.92B in debt and $1.44B in liabilities at the time. Its Book Value Per Share was $30.59, while its Total Shareholder’s Equity was $1.91B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BC is Buy with a score of 4.14.

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