Briggs & Stratton Corp. (BGG) Releases Quarterly Earnings, Misses Estimates By $0.05 EPS
Briggs & Stratton Corp. (NYSE:BGG) released its earnings data on Thursday. The company reported $0.31 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.36 by $0.05, American Banking and Market News reports. The company had revenue of $496.80 million for the quarter, compared to the consensus estimate of $495.93 million.
On a related note, analysts at Zacks downgraded shares of Briggs & Stratton Corp. from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 24th. They now have a $18.10 price target on the stock.
Shares of Briggs & Stratton Corp. (NYSE:BGG) opened at 19.278 on Thursday. Briggs & Stratton Corp. has a one year low of $18.18 and a one year high of $23.02. The stock’s 50-day moving average is $19.36 and its 200-day moving average is $20.93. The company’s market cap is $900.7 million.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.63%.
Briggs & Stratton Corporation (NYSE:BGG) is a producer of air cooled gasoline engines for outdoor power equipment.
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