Brunswick Corporation (BC) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 54 from a previous price target of $51 . RBC Capital Mkts advised their investors in a research report released on Apr 29, 2016.
On the company’s financial health, Brunswick Corporation reported $0.71 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.71. The company had revenue of $1070.30 million for the quarter, compared to analysts expectations of $1076.50 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.
Brunswick Corporation closed down -0.01 points or -0.02% at $51.33 with 12,57,223 shares getting traded on Wednesday. Post opening the session at $51.41, the shares hit an intraday low of $50.73 and an intraday high of $51.59 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 2, 2016, B Russell Lockridge (VP & CHIEF HUMAN RES OFFICER) sold 11,528 shares at $43.01 per share price. According to the SEC, on Mar 2, 2016, Christopher F Dekker (V.P. GEN COUNSEL & SECRETARY) sold 5,631 shares at $43.93 per share price. On Feb 16, 2016, William Metzger (SR. VICE PRESIDENT AND CFO) sold 60 shares at $39.62 per share price, according to the Form-4 filing with the securities and exchange commission.
Brunswick Corporation (Brunswick) is a designer manufacturer and marketer of recreation products including marine engines boats fitness and billiards equipment. The Company operates in three segments: Marine Engine Boat and Fitness. Brunswick’s engine-related products include outboard sterndrive and inboard engines; trolling motors; propellers; engine control systems and marine parts and accessories. Its boat offerings include fiberglass pleasure boats; luxury yachts yachts and sport yachts; offshore fishing boats; aluminum fishing boats; pontoon boats; deck boats and inflatable boats. Its Fitness segment consists of Life Fitness division (Life Fitness) which designs manufactures and markets a line of cardiovascular fitness equipment including treadmills total body cross-trainers stair climbers and stationary exercise bicycles and strength-training equipment under the Life Fitness Cybex and Hammer Strength brands.