Wall Street analysts expect Briggs & Stratton Corporation (NYSE:BGG) to announce earnings per share of $0.23 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Briggs & Stratton’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.19. Briggs & Stratton posted earnings per share of $0.35 during the same quarter last year, which would indicate a negative year-over-year growth rate of 34.3%. The business is scheduled to report its next quarterly earnings report after the market closes 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 financial year, analysts anticipate that the company will report earnings of $1.64 per share, with EPS estimates ranging from $1.54 to $1.78. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Briggs & Stratton.

Briggs & Stratton (NYSE:BGG) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.08. The business had revenue of $329.10 million for the quarter, compared to analysts’ expectations of $295.84 million. Briggs & Stratton had a return on equity of 11.38% and a net margin of 3.05%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.34) earnings per share.

BGG has been the topic of several analyst reports. ValuEngine upgraded Briggs & Stratton from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. 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 Briggs & Stratton from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $26.00 price objective on shares of Briggs & Stratton in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $26.33.

Shares of Briggs & Stratton (NYSE BGG) traded up $0.16 during midday trading on Friday, hitting $25.53. The stock had a trading volume of 192,116 shares, compared to its average volume of 222,303. The firm has a market capitalization of $1,094.27, a PE ratio of 19.95 and a beta of 0.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.70 and a current ratio of 1.82. Briggs & Stratton has a twelve month low of $20.00 and a twelve month high of $25.95.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Friday, December 15th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Thursday, December 14th. Briggs & Stratton’s dividend payout ratio is presently 43.75%.

In other Briggs & Stratton news, insider Todd J. Teske sold 60,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $24.01, for a total value of $1,440,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Andrea L. Golvach sold 19,174 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $25.20, for a total value of $483,184.80. Following the completion of the sale, the vice president now owns 27,197 shares in the company, valued at $685,364.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,174 shares of company stock worth $2,360,825. 4.20% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of BGG. Schwab Charles Investment Management Inc. raised its stake in Briggs & Stratton by 7.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 383,865 shares of the industrial products company’s stock valued at $9,252,000 after buying an additional 26,004 shares in the last quarter. SG Americas Securities LLC raised its stake in Briggs & Stratton by 12.3% in the second quarter. SG Americas Securities LLC now owns 8,157 shares of the industrial products company’s stock valued at $197,000 after buying an additional 895 shares in the last quarter. Legal & General Group Plc raised its stake in Briggs & Stratton by 9.7% in the second quarter. Legal & General Group Plc now owns 81,939 shares of the industrial products company’s stock valued at $1,975,000 after buying an additional 7,226 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Briggs & Stratton by 39.1% in the second quarter. BNP Paribas Arbitrage SA now owns 18,593 shares of the industrial products company’s stock valued at $448,000 after buying an additional 5,222 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in Briggs & Stratton by 17.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 41,073 shares of the industrial products company’s stock valued at $990,000 after buying an additional 6,066 shares in the last quarter. Institutional investors own 82.98% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.thecerbatgem.com/2018/01/14/1842313.html.

About Briggs & Stratton

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.

Get a free copy of the Zacks research report on Briggs & Stratton (BGG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Stock Ratings for Briggs & Stratton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Briggs & Stratton and related stocks with our FREE daily email newsletter.