Stifel Reiterates Buy on Brunswick (BC) Ahead of 3Q Report

October 13, 2016 9:09 AM EDT
Get Alerts BC Hot Sheet
Price: $54.62 -0.51%

Rating Summary:
    14 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 29 | Down: 30 | New: 23
Trade BC Now!
Join SI Premium – FREE

Get the Pulse of the Market with's Pulse Picks. Get your Free Trial here.

Stifel reiterated a Buy rating and $60.00 price target on Brunswick Corp (NYSE: BC) ahead of the company's 3Q earnings report. Stifel estimates adjusted EPS will be $0.91, on revenue of $1.108 billion. Stifel also expects continued momentum for OB engines + contributions from P&A acquisitions.

Analyst Drew Crum commented, "Brunswick Corporation is scheduled to report 3Q results on October 27. Our estimates include EPS of $0.91 (vs. $0.77) on revenue of $1.108 billion (+12%), which positions us generally in line with consensus. We expect continued momentum for OB engines + contributions from P&A acquisitions, a positive U.S. boat sales comp, and the addition of Cybex, to drive top-line increases across all segments, while investment spending/acquisition-related costs/FX should moderate and yield a slight uptick for profit growth (vs. 1H16). We are NOT anticipating any material adjustments to 2016 guidance with this report, and our estimates are largely unchanged. We recently added BC to the Stifel Select List, and with the shares trading at 12.1x our 2017 adj. EPS estimate, valuations are reasonable relative to forecasted growth (mid/high teens), in our opinion. We continue to recommend purchase."

For an analyst ratings summary and ratings history on Brunswick Corp click here. For more ratings news on Brunswick Corp click here.

Shares of Brunswick Corp closed at $48.46 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments

Related Entities

Stifel, Earnings, Definitive Agreement

Add Your Comment