Equities research analysts expect that Briggs & Stratton Corporation (NYSE:BGG) will post earnings per share of $0.26 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Briggs & Stratton Corporation’s earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.33. Briggs & Stratton Corporation reported earnings of $0.35 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 25.7%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, January 24th.

On average, analysts expect that Briggs & Stratton Corporation will report full year earnings of $1.49 per share for the current financial year, with EPS estimates ranging from $1.42 to $1.57. For the next year, analysts anticipate that the firm will report earnings of $1.64 per share, with EPS estimates ranging from $1.54 to $1.78. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Briggs & Stratton Corporation.

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

BGG has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Briggs & Stratton Corporation from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of Briggs & Stratton Corporation from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Friday, August 11th. BidaskClub lowered shares of Briggs & Stratton Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Finally, Raymond James Financial, Inc. restated an “underperform” rating on shares of Briggs & Stratton Corporation in a report on Tuesday, October 17th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.50.

In related news, VP Andrea L. Golvach sold 19,174 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $25.20, for a total transaction of $483,184.80. Following the transaction, the vice president now directly owns 27,197 shares of the company’s stock, valued at $685,364.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Todd J. Teske sold 5,830 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $20.68, for a total transaction of $120,564.40. Following the transaction, the insider now directly owns 379,417 shares in the company, valued at $7,846,343.56. The disclosure for this sale can be found here. Insiders have sold 32,004 shares of company stock worth $748,579 over the last ninety days. 4.20% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of BGG. UBS Asset Management Americas Inc. grew its position in Briggs & Stratton Corporation by 87.3% in the first quarter. UBS Asset Management Americas Inc. now owns 21,907 shares of the industrial products company’s stock worth $492,000 after acquiring an additional 10,209 shares in the last quarter. Karp Capital Management Corp bought a new stake in Briggs & Stratton Corporation in the first quarter worth approximately $257,000. Municipal Employees Retirement System of Michigan grew its position in Briggs & Stratton Corporation 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 worth $220,000 after acquiring an additional 180 shares in the last quarter. Principal Financial Group Inc. grew its position in Briggs & Stratton Corporation by 0.7% in the first quarter. Principal Financial Group Inc. now owns 325,366 shares of the industrial products company’s stock worth $7,304,000 after acquiring an additional 2,183 shares in the last quarter. Finally, Teachers Advisors LLC grew its position in Briggs & Stratton Corporation by 2.8% in the first quarter. Teachers Advisors LLC now owns 83,676 shares of the industrial products company’s stock worth $1,879,000 after acquiring an additional 2,293 shares in the last quarter. 83.02% of the stock is owned by institutional investors.

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Briggs & Stratton Corporation (BGG) traded down $0.54 during trading hours on Friday, hitting $24.62. 297,494 shares of the company traded hands, compared to its average volume of 334,936. Briggs & Stratton Corporation has a twelve month low of $18.28 and a twelve month high of $25.95. The company has a quick ratio of 0.70, a current ratio of 1.82 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $1.05 billion, a PE ratio of 18.12 and a beta of 0.79.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 15th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, December 14th. Briggs & Stratton Corporation’s payout ratio is presently 42.75%.

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

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