Brokerages expect Briggs & Stratton Corporation (NYSE:BGG) to post earnings of $0.23 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Briggs & Stratton’s earnings. The lowest EPS estimate is $0.19 and the highest is $0.25. Briggs & Stratton reported earnings per share of $0.35 during the same quarter last year, which suggests a negative year-over-year growth rate of 34.3%. The firm is expected to report its next earnings report on Wednesday, January 24th.

On average, analysts expect that Briggs & Stratton will report full-year earnings of $1.49 per share for the current year, with EPS estimates ranging from $1.42 to $1.57. For the next year, analysts expect that the business will report earnings of $1.64 per share, with EPS estimates ranging from $1.54 to $1.78. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Briggs & Stratton.

Briggs & Stratton (NYSE:BGG) last posted its earnings results on Wednesday, October 25th. The industrial products company reported ($0.27) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.35) by $0.08. Briggs & Stratton had a net margin of 3.05% and a return on equity of 11.38%. The firm had revenue of $329.10 million during the quarter, compared to analyst estimates of $295.84 million. During the same quarter in the prior year, the business posted ($0.34) EPS. The business’s revenue was up 14.7% compared to the same quarter last year.

Several analysts have recently issued reports on the stock. Raymond James Financial reiterated an “underperform” rating on shares of Briggs & Stratton in a research note on Tuesday, October 17th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Briggs & Stratton from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, ValuEngine lowered shares of Briggs & Stratton from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. Two analysts have rated the stock with a sell rating, two have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $26.50.

Briggs & Stratton (NYSE BGG) traded up $0.68 during midday trading on Monday, hitting $24.70. 577,385 shares of the stock traded hands, compared to its average volume of 286,343. Briggs & Stratton has a 12-month low of $20.00 and a 12-month high of $25.95. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.70 and a current ratio of 1.82. The company has a market cap of $1,090.00, a price-to-earnings ratio of 17.53 and a beta of 0.77.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 15th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.56 annualized dividend and a yield of 2.27%. Briggs & Stratton’s payout ratio is currently 43.75%.

In related news, SVP David J. Rodgers sold 18,000 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $24.28, for a total transaction of $437,040.00. Following the completion of the transaction, the senior vice president now owns 118,383 shares in the company, valued at $2,874,339.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Todd J. Teske sold 60,000 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $24.01, for a total transaction of $1,440,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,174 shares of company stock valued at $2,360,825. 4.20% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP grew its position in Briggs & Stratton by 43.0% during the third quarter. GSA Capital Partners LLP now owns 24,503 shares of the industrial products company’s stock valued at $576,000 after buying an additional 7,366 shares during the period. California Public Employees Retirement System grew its position in Briggs & Stratton by 2.1% during the third quarter. California Public Employees Retirement System now owns 173,906 shares of the industrial products company’s stock valued at $4,087,000 after buying an additional 3,606 shares during the period. OxFORD Asset Management LLP grew its position in Briggs & Stratton by 64.2% during the third quarter. OxFORD Asset Management LLP now owns 17,709 shares of the industrial products company’s stock valued at $417,000 after buying an additional 6,923 shares during the period. Schwab Charles Investment Management Inc. grew its position in Briggs & Stratton by 6.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 407,198 shares of the industrial products company’s stock valued at $9,570,000 after buying an additional 23,333 shares during the period. Finally, Wells Fargo & Company MN grew its position in Briggs & Stratton by 18.3% during the third quarter. Wells Fargo & Company MN now owns 69,179 shares of the industrial products company’s stock valued at $1,627,000 after buying an additional 10,684 shares during the period. Institutional investors own 83.02% of the company’s stock.

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Briggs & Stratton 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 (NYSE:BGG)

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