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Friday, January 21, 2022

Renewed Optimism is Surrounding Brunswick Corporation (BC)

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Many stocks have been testing new highs in 2020, and one of the most notable is Brunswick Corporation (BC). Currently, BC is trading at $63.25 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $54.92.

To add more color to this target, the company’s high over the last year is $67.39 and the low is $25.22. Over the last 52 weeks, BC is down -6.14% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, BC reported a profit of $243.8 million. Brunswick Corporation also saw revenues increase to $965.5 million. In addition, BC has free cash flow of -$135.0 million as of 03-2020 The company’s EBITDA came in at $138.4 million which compares well with its peers.

BC booked profit margins of -0.60%, its Return on Equity (ROE) is -1.80%, and its Return on Assets is -0.70%. All told, it is clear that, BC needs to be on your watchlist.

About Brunswick Corporation

If readers are unfamiliar, 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. The company also offers boats, such as fiberglass pleasure, sport cruisers, sport fishing and centre-console, offshore fishing, aluminium and fiberglass fishing, pontoon, utility, deck, inflatable, and heavy-gauge aluminium under the Bayliner, Heyday, Boston Whaler, Lund, Crestliner, Cypress Cay, Harris, Lowe, Princecraft, and Thunder Jet brands. It provides boats for commercial and government customers through dealers and distributors. Brunswick Corporation was founded in 1845 and is headquartered in Mettawa, Illinois.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BC has a short ratio of 3.29 and outstanding shares of 80.00M.

Company Outlook

BC has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.96 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.35. Brunswick Corporation BC also noted assets of $3.9 billion at the end of the last quarter. Investors should also keep an eye on sector updates as BC has historically followed its peers on positive news.

All told, Brunswick Corporation BC has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BC represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Brunswick Corporation BC is now commanding a market cap of 5.16B and a float of 78.50M. BC is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BC stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in BC, either long or short, and we have not been compensated for this article.

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