Brunswick Corporation (BC) is Initiated by Imperial Capital to Outperform, Price Target at $60

Brunswick Corporation (BC) was Initiated by Imperial Capital to “Outperform” and the brokerage firm has set the Price Target at $60. Imperial Capital advised their investors in a research report released on Sep 27, 2016.

On the company’s financial health, Brunswick Corporation reported $1.17 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $1.17. The company had revenue of $1242.20 million for the quarter, 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 opened for trading at $49.63 and hit $50.06 on the upside on Thursday, eventually ending the session at $49.93, with a gain of 1.44% or 0.71 points. The heightened volatility saw the trading volume jump to 14,73,939 shares. Company has a market cap of $4,505 M.

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.

Brunswick Corporation

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