Brunswick Corporation (NYSE:BC) manufacturer of recreation products worldwide, is reporting third quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.37 per share.
For the full year, analysts predict revenues of $ 4009.33 million, while looking forward to income of $ 4.28 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 4,355.00 million ~ $ 4,437.00 million, where as bottomline are predicted in a range of $ 5.10 ~ $ 5.40 per share
Click Here For More Historical Outlooks Of Brunswick Corporation
Previous Quarter Performance
Brunswick Corporation recorded income for the second quarter of $ 0.99 per share, from the revenue of $ 987.80 million. The quarterly earnings reduced 31.72 percent while revenues dropped 15.10 percent compared with the same quarter last year.
Street analysts expected Brunswick Corporation to report income of $ 0.45 per share on revenue of $ 807.28 million for the second quarter. The bottom line results beat street analysts by $ 0.54 or 120.00 percent, at the same time, top line results outshined analysts by $ 180.52 million or 22.36 percent.
Stock Performance
Shares of Brunswick Corporation traded up $ 1.21 or 1.91 percent on Wednesday, reaching $ 64.43 with volume of 1.21 million shares. Brunswick Corporation has traded high as $ 64.90 and has cracked $ 61.00 on the downward trend
According to the previous trading day, closing price of $ 64.43, representing a 150.67 % increase from the 52 week low of $ 25.22 and a 14.56 % decrease over the 52 week high of $ 73.99.
The company has a market capital of $ 5.10 billion and is part of the Consumer Cyclical sector and Leisure industry.
Recent Stock Dividend Announcement
On October 20, 2020, the board of directors authorized quarterly dividend of $ 0.27 per share to holders of record as of the close of business on November 24, 2020, with payment date of December 18, 2020 and ex-dividend date on November 23, 2020.
Conference Call
Brunswick Corporation will be hosting a conference call at 11:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.brunswick.com
Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company offers marine engine products, including outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, electrical systems, service parts, and lubricants; and integrated propulsion systems to the recreational and commercial marine markets, as well as parts and accessories. It provides its marine engine products for independent boat builders and governments through marine dealers and distributors, specialty marine retailers, and marine service centres under the Mercury, Mercury MerCruiser, Mercury Racing, and MotorGuide brands.
