Wall Street brokerages predict that Briggs & Stratton Co. (NYSE:BGG) will announce sales of $546 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Briggs & Stratton Co.’s earnings, with estimates ranging from $527.1 million to $556.9 million. Briggs & Stratton Co. posted sales of $502.19 million in the same quarter last year, which indicates a positive year over year growth rate of 8.7%. The business is scheduled to report its next quarterly earnings results before the market opens on Thursday, August 17th.

On average, analysts expect that Briggs & Stratton Co. will report full-year sales of $546 million for the current financial year, with estimates ranging from $1.84 billion to $1.87 billion. For the next fiscal year, analysts expect that the company will report sales of $1.9 billion per share, with estimates ranging from $1.87 billion to $1.92 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Briggs & Stratton Co..

Briggs & Stratton Co. (NYSE:BGG) last posted its earnings results on Thursday, April 20th. The industrial products company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. Briggs & Stratton Co. had a return on equity of 11.27% and a net margin of 1.83%. The firm had revenue of $597 million for the quarter, compared to analysts’ expectations of $617.01 million. During the same period last year, the firm earned $0.80 EPS. The company’s quarterly revenue was down 1.1% on a year-over-year basis.

BGG has been the topic of a number of research reports. Zacks Investment Research raised shares of Briggs & Stratton Co. from a “sell” rating to a “hold” rating in a research note on Monday, February 27th. TheStreet raised shares of Briggs & Stratton Co. from a “c+” rating to a “b” rating in a research note on Tuesday, February 21st. Finally, Northcoast Research raised shares of Briggs & Stratton Co. from a “neutral” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Monday, January 30th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Briggs & Stratton Co. presently has a consensus rating of “Hold” and an average price target of $24.67.

Shares of Briggs & Stratton Co. (NYSE:BGG) opened at 23.57 on Friday. The firm has a market capitalization of $1.01 billion, a PE ratio of 24.10 and a beta of 0.82. Briggs & Stratton Co. has a 52-week low of $17.90 and a 52-week high of $25.92. The stock’s 50 day moving average price is $23.34 and its 200-day moving average price is $21.95.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Wednesday, June 14th. Briggs & Stratton Co.’s dividend payout ratio (DPR) is 75.68%.

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In related news, SVP Harold L. Redman sold 22,530 shares of Briggs & Stratton Co. stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $21.84, for a total transaction of $492,055.20. Following the sale, the senior vice president now owns 92,009 shares of the company’s stock, valued at approximately $2,009,476.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP William H. Reitman sold 17,350 shares of Briggs & Stratton Co. stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $24.92, for a total transaction of $432,362.00. The disclosure for this sale can be found here. Insiders have sold a total of 43,986 shares of company stock worth $1,026,657 in the last ninety days. 4.70% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its stake in Briggs & Stratton Co. by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 4,750 shares of the industrial products company’s stock valued at $106,000 after buying an additional 80 shares during the period. Pacad Investment Ltd. purchased a new stake in Briggs & Stratton Co. during the fourth quarter valued at about $116,000. Municipal Employees Retirement System of Michigan increased its stake in Briggs & Stratton Co. by 1.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 9,780 shares of the industrial products company’s stock valued at $220,000 after buying an additional 180 shares during the period. Mason Street Advisors LLC increased its stake in Briggs & Stratton Co. by 7.0% in the first quarter. Mason Street Advisors LLC now owns 10,010 shares of the industrial products company’s stock valued at $225,000 after buying an additional 655 shares during the period. Finally, First Allied Advisory Services Inc. purchased a new stake in Briggs & Stratton Co. during the fourth quarter valued at about $234,000. 89.46% of the stock is currently owned by hedge funds and other institutional investors.

Briggs & Stratton Co. 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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