Analysts forecast that Briggs & Stratton Corporation (NYSE:BGG) will announce earnings of $0.51 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Briggs & Stratton Corporation’s earnings, with estimates ranging from $0.47 to $0.56. Briggs & Stratton Corporation reported earnings per share of $0.46 in the same quarter last year, which suggests a positive year-over-year growth rate of 10.9%. The business is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, August 16th.

On average, analysts expect that Briggs & Stratton Corporation will report full year earnings of $1.37 per share for the current year, with EPS estimates ranging from $1.34 to $1.43. For the next fiscal year, analysts forecast that the company will report earnings of $1.57 per share, with EPS estimates ranging from $1.48 to $1.67. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Briggs & Stratton Corporation.

Briggs & Stratton Corporation (NYSE:BGG) last announced its quarterly earnings data on Thursday, April 20th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. The business had revenue of $597 million during the quarter, compared to analysts’ expectations of $617.01 million. Briggs & Stratton Corporation had a return on equity of 11.69% and a net margin of 2.33%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 earnings per share.

Separately, Zacks Investment Research upgraded Briggs & Stratton Corporation from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday, April 25th.

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In related news, SVP William H. Reitman sold 17,350 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $24.92, for a total value of $432,362.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Andrea L. Golvach sold 4,106 shares of the firm’s stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $24.90, for a total value of $102,239.40. Following the completion of the transaction, the vice president now owns 19,659 shares of the company’s stock, valued at approximately $489,509.10. The disclosure for this sale can be found here. Corporate insiders own 4.70% of the company’s stock.

A number of institutional investors have recently modified their holdings of BGG. Louisiana State Employees Retirement System raised its position in shares of Briggs & Stratton Corporation by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the industrial products company’s stock worth $391,000 after buying an additional 200 shares during the period. Bank of Montreal Can raised its position in shares of Briggs & Stratton Corporation by 5.3% in the first quarter. Bank of Montreal Can now owns 18,757 shares of the industrial products company’s stock worth $420,000 after buying an additional 939 shares during the period. Augustine Asset Management Inc. purchased a new position in shares of Briggs & Stratton Corporation during the first quarter worth about $1,144,000. Teachers Advisors LLC raised its position in shares of Briggs & Stratton Corporation by 8.1% in the fourth quarter. Teachers Advisors LLC now owns 81,383 shares of the industrial products company’s stock worth $1,812,000 after buying an additional 6,114 shares during the period. Finally, Norges Bank purchased a new position in shares of Briggs & Stratton Corporation during the fourth quarter worth about $14,664,000. Institutional investors own 85.24% of the company’s stock.

Shares of Briggs & Stratton Corporation (NYSE BGG) traded up 0.42% on Tuesday, reaching $24.16. The company’s stock had a trading volume of 114,390 shares. The firm has a 50-day moving average price of $24.04 and a 200 day moving average price of $22.67. Briggs & Stratton Corporation has a one year low of $17.90 and a one year high of $25.92. The firm has a market capitalization of $1.03 billion, a PE ratio of 24.70 and a beta of 0.70.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were issued a dividend of $0.14 per share. The ex-dividend date was Wednesday, June 14th. This represents a $0.56 annualized dividend and a dividend yield of 2.32%. Briggs & Stratton Corporation’s dividend payout ratio is presently 58.33%.

Briggs & Stratton Corporation Company Profile

Briggs & Stratton Corporation is a producer of gasoline engines for outdoor power equipment. The Company designs, manufactures, markets, sells and services the various products for original equipment manufacturers (OEMs) around the world. It also markets and sells related service parts and accessories for its engines.

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Earnings History and Estimates for Briggs & Stratton Corporation (NYSE:BGG)

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