Briggs & Stratton Corp. Rating Reiterated by Off Wall Street (BGG)
Briggs & Stratton Corp. (NYSE:BGG) traded up 0.54% on Friday, hitting $20.46. 651,225 shares of the company’s stock traded hands. Briggs & Stratton Corp. has a 1-year low of $18.18 and a 1-year high of $23.02. The stock has a 50-day moving average of $19.37 and a 200-day moving average of $20.93. The company’s market cap is $956.0 million.
Briggs & Stratton Corp. (NYSE:BGG) last announced its earnings results on Thursday, August 14th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.05. The company had revenue of $496.80 million for the quarter, compared to the consensus estimate of $495.93 million. On average, analysts predict that Briggs & Stratton Corp. will post $1.14 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Monday, September 15th. This is a positive change from Briggs & Stratton Corp.’s previous quarterly dividend of $0.12.
Separately, 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.
Briggs & Stratton Corporation (NYSE:BGG) is a producer of air cooled gasoline engines for outdoor power equipment.
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