logo
Plus   Neg
Share
Email

Brunswick Slashes FY19 Adj. EPS Outlook - Quick Facts

While reporting financial results for the second quarter, Brunswick Corp. (BC) on Thursday slashed its adjusted earnings guidance for the full-year 2019 to a range of $4.20 to $4.30 per share from the prior forecast range of $4.50 to $4.70 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $4.50 per share for the year. Analysts' estimates typically exclude special items.

In addition, considering the positive momentum created by actions taken this year, including the full-year benefits from cost measures and the execution of its capital strategy, the company is maintaining 2020 earnings per share target of $5.00 to $5.50, assuming steady macro-economic conditions and a retail marine market that is flat to 2019. Analysts currently expect earnings of $5.14 per share.

Further, the company's board has increased its existing share repurchase authorization to $600 million and plans to repurchase $330 million of shares in the second-half of 2019, bringing the full-year total to $400 million.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Krispy Kreme Doughnuts is giving a dozen of its Original Glazed Doughnuts for just $1 as part of its annual 'Day of the Dozens' offer. The offer is available on Thursday, December 12, and is a play on the date, 12/12. To get the deal, customers have to purchase a dozen doughnuts at the store's retail price. Customers can buy doughnuts of any flavor they like to qualify for the deal. Home Depot has blamed the nation's opioid crisis for the recent surge in theft at its stores, reports said. The home improvement retailer made the claim at an analyst and investor conference on Wednesday saying it expects the theft, which retailers call shrink, to narrow its operating margin for the next year. The opioid crisis in the U.S. is growing at an alarming rate. Amazon said that Prime members in select areas can shop a number of items until Christmas Eve and receive them on the same day itself with Prime free same-day delivery and free two-hour delivery. The option is available through Amazon Fresh and Whole Foods Market. In addition to groceries, Prime members in select cities can shop Amazon Fresh for tens of thousands of items.
RELATED NEWS
Follow RTT
>