As of Wednesday close, Brunswick Corporation’s (NYSE:BC) stock was down -$3.76, moving down -4.58 percent to $78.38. The average number of shares traded per day over the past five days has been 727,700 shares. 4 times new highs have been achieved over the past 5 days, with a -$3.04 fall in that time frame. In the last twenty days, the average volume was 587,465, while in the previous 50 days, it was 619,242.
Since last month, BC stock retreated -7.86%. Shares of the company fell to $78.28 on 08/30/23, the lowest level in the past month. A 52-week high of $93.15 was reached on 02/03/23 after having rallying from a 52-week low of $64.55. Since the beginning of this year, BC’s stock price has risen by 8.74% or $6.30, and marked a new high 14 times. However, the stock has declined by -15.86% since its 52-week high.
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BC stock investors should be aware that Brunswick Corporation (BC) stock had its last reported insider trading activity 30 days ago on Aug 01. COOPER NANCY E, the Director of the company, disposed of 333 shares for $84.88 on Aug 01. It resulted in a $28,265 divestment by the insider. SINGER DAVID V sold 177 shares at an average price of $85.23 on Aug 01. The insider now owns 22,808 shares following the transaction. On May 19, E.V.P. & President BA Preisser Brenna sold 1,309 shares at $76.21 apiece. The transaction was valued at $99,759.
Valuation Metrics
Right now, Brunswick Corporation (BC) has a P/E ratio of about 10.23. The stock’s beta is 1.55. Besides these, the trailing price-to-sales (P/S) ratio of 0.81, the price-to-book (PB) ratio of 2.64, and the price-to-cash flow ratio of 16.62 may also be considered.
The latest dividend of $0.40 per share was paid out, remained unchanged from last year’s $0.40. On Thursday February 16 2023, a $0.0350 dividend increase was announced.
Financial Health
In the three months ended June 29, Brunswick Corporation’s quick ratio stood at 0.90, while its current ratio was 1.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.15, and the total debt-to-equity ratio was 1.19. On the profitability front, the trailing twelve-month gross margin is 28.30% percent. In the year ended June 29, EBITDA margin amounted to 17.29%, whereas operating margins totaled 12.80%. Based on annual data, BC earned $1.95 billion in gross profit and brought in $6.81 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 17.00%. Return on equity (ROE) for the past 12 months was 26.90%.
In Brunswick Corporation’s quarter-end financial report for June 29, it reported total debt of $2.42 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BC’s revenue fell -7.83% to $1.74 billion during the quarter, while net income inched up to $1.7 billion. While analysts expected Brunswick Corporation to report $2.48 quarterly earnings, the actual figure was $2.35 per share, beating the consensus estimate by -5.20%. During the quarter, the company generated $261.8 million in EBITDA. The liabilities of Brunswick Corporation were 4.19 billion at the end of its most recent quarter ended June 29, and its total debt was $2.62 billion. The value of shareholders’ equity is $69.83 million.
Technical Picture
This quick technical analysis looks at Brunswick Corporation’s (BC) price momentum. With a historical volatility rate of 29.13%, the RSI 9-day stood at 30.91% on 30 August.
With respect to its five-day moving average, the current Brunswick Corporation price is down by -3.73% percent or -$3.04. At present, BC shares trade -8.93% below its 20-day simple moving average and +2.85% percent above its 100-day simple moving average. However, the stock is currently trading approximately -6.53% below its SMA50 and +3.62% above its SMA200.
Stochastic coefficient K was 20.38% and Stochastic coefficient D was 21.74%, while ATR was 2.14. Given the Stochastic reading of 1.30% for the 14-day period, the RSI (14) reading has been calculated as 35.30%. As of today, the MACD Oscillator reading stands at -0.44, while the 14-day reading stands at -1.64.
Analyst Ratings
Brunswick Corporation downgraded its rating on Brunswick Corporation (NYSE: BC) to a Sector weight in a note to investors on July 17, 2023. The analysts firm previously had an Overweight rating on the stock.Brunswick Corporation (BC) has been rated Overweight by analysts. According to 0 brokerage firms, BC is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Brunswick Corporation stock as buy, with 10 recommending it as overweight.
With a median target price of $100.00, the current consensus forecast for the stock is $90.00 – $110.00. Based on these forecasts, analysts predict Brunswick Corporation (BC) will achieve an average price target of $100.77.
