Briggs & Stratton Corp. Announces Quarterly Dividend of $0.12 (BGG)
Briggs & Stratton Corp. (NYSE:BGG) announced a quarterly dividend on Wednesday, October 16th, StockRatingsNetwork.com reports. Investors of record on Monday, December 16th will be paid a dividend of $0.12 per share on Tuesday, December 31st. This represents a $0.48 annualized dividend and a dividend yield of 2.40%.
A number of analysts have recently weighed in on BGG shares. Analysts at Raymond James downgraded shares of Briggs & Stratton Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, August 15th. Analysts at Zacks downgraded shares of Briggs & Stratton Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, July 31st. They now have a $19.10 price target on the stock.
Briggs & Stratton Corp. (NYSE:BGG) traded down 0.80% during mid-day trading on Wednesday, hitting $19.84. 61,501 shares of the company’s stock traded hands. Briggs & Stratton Corp. has a one year low of $18.17 and a one year high of $25.52. The stock’s 50-day moving average is $19.79 and its 200-day moving average is $21.08. The company’s market cap is $949.4 million.
Briggs & Stratton Corp. (NYSE:BGG) last released its earnings data on Thursday, August 15th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.03. The company had revenue of $477.20 million for the quarter, compared to the consensus estimate of $474.97 million. During the same quarter last year, the company posted ($0.18) earnings per share. Briggs & Stratton Corp.’s revenue was down 4.8% compared to the same quarter last year. On average, analysts predict that Briggs & Stratton Corp. will post $1.16 earnings per share for the current fiscal year.
Briggs & Stratton Corporation (NYSE:BGG) is a producer of air cooled gasoline engines for outdoor power equipment.
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