Brunswick Corporation (BC) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $1.17 EPS for the quarter. Analysts had a consensus estimate of $1.17. The company posted revenue of $1242.20 million in the period, compared to analysts expectations of $1247.53 million. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.
Brunswick Corporation closed down -1 points or -1.99% at $49.3 with 18,05,124 shares getting traded on Thursday. Post opening the session at $50.14, the shares hit an intraday low of $47.44 and an intraday high of $50.14 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
Investors should note that on Jul 19, 2016, Brunswick Corporation announced a cash dividend of $0.1500. The company’s management has announced Aug 19, 2016 as the ex-dividend date and fixed the record date on Aug 23, 2016. The payable date has been fixed on Sep 15, 2016.
In a different news, on Jul 18, 2016, William Metzger (SR. VICE PRESIDENT AND CFO) sold 19,051 shares at $49.52 per share price. According to the SEC, on Jun 1, 2016, John C Pfeifer (PRES MERCURY MARINE) sold 1,519 shares at $47.69 per share price. 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 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.