Brunswick (BC) has a market cap of $4.0 billion. It rose 1.5% to close at $43.28 per share on November 7, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -0.51%, -10.6%, and -13.5%, respectively, on the same day. BC is trading 6.7% below its 20-day moving average, 7.8% below its 50-day moving average, and 6.4% below its 200-day moving average.
Related ETF and peers
The Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) invests 0.28% of its holdings in Brunswick. The ETF tracks a market-cap-weighted index of growth companies culled from the S&P 400. The YTD price movement of IVOG was 5.5% on November 7. The market caps of Brunswick’s competitors are as follows:
Latest news on Brunswick
Danielle Brown has been appointed Brunswick’s vice president and chief information officer, and will report to the company’s chairman and executive officer, Mark D. Schwabero.
The company added that “Ms. Brown will have responsibility for the Company’s information technology services, including IT structure and planning, emerging technologies, service delivery and execution as well as IT governance and compliance across Brunswick’s various functions and global operations.”
Performance of Brunswick in fiscal 3Q16
Brunswick reported fiscal 3Q16 net sales of $1.1 billion, a rise of 10.2% over the net sales of $991.9 million in fiscal 3Q15. Sales of the marine engine, boat, and fitness segments rose 6.4%, 13.2%, and 20.3%, respectively, between fiscal 3Q15 and fiscal 3Q16. The company’s operating margin narrowed 50 basis points, and it reported restructuring and integration charges of $2.4 million in fiscal 3Q16.
Its net income and EPS (earnings per share) rose to $85.4 million and $0.93, respectively, in fiscal 3Q16, compared with $75.9 million and $0.81, respectively, in fiscal 3Q15. It reported adjusted EPS of $0.91 in fiscal 3Q16, a rise of 18.2% over fiscal 3Q15.
Brunswick’s cash and cash equivalents fell 33.5%, and its inventories rose 10.2% between fiscal 4Q15 and fiscal 3Q16. Its current ratio and debt-to-equity ratio fell to 1.9x and 1.3x, respectively, in fiscal 3Q16, compared with 2.0x and 1.5x in fiscal 4Q15.
Brunswick has declared a quarterly dividend of $0.17 per share, a rise of 10%, on its common stock. The dividend will be paid on December 15, 2016, to shareholders of record on November 22, 2016.
The company has made the following projections for fiscal 2016:
- revenue growth rate of ~10%
- adjusted EPS in the range of $3.45 to $3.50
- positive free cash flow of more than ~$215 million
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