Brokerages expect Briggs & Stratton Co. (NYSE:BGG) to post $420.93 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Briggs & Stratton’s earnings. The highest sales estimate is $424.30 million and the lowest is $415.30 million. Briggs & Stratton reported sales of $428.24 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.7%. The firm is scheduled to announce its next earnings results after the market closes on Wednesday, January 24th.

On average, analysts expect that Briggs & Stratton will report full year sales of $420.93 million for the current year, with estimates ranging from $1.87 billion to $1.92 billion. For the next year, analysts expect that the firm will report sales of $1.94 billion per share, with estimates ranging from $1.87 billion to $2.00 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Briggs & Stratton.

Briggs & Stratton (NYSE:BGG) last released its quarterly earnings data on Wednesday, October 25th. The industrial products company reported ($0.27) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.35) by $0.08. The company had revenue of $329.10 million for the quarter, compared to analyst estimates of $295.84 million. Briggs & Stratton had a negative return on equity of 11.04% and a negative net margin of 4.57%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.34) earnings per share.

Several equities research analysts have weighed in on BGG shares. ValuEngine upgraded Briggs & Stratton from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Robert W. Baird reissued a “hold” rating and issued a $26.00 target price on shares of Briggs & Stratton in a research report on Tuesday, January 9th. Zacks Investment Research raised Briggs & Stratton from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Raymond James Financial raised Briggs & Stratton from an “underperform” rating to a “market perform” rating in a research note on Tuesday. Finally, Citigroup raised Briggs & Stratton to a “market perform” rating in a research note on Tuesday. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Briggs & Stratton has an average rating of “Hold” and an average target price of $26.33.

In related news, VP Andrea L. Golvach sold 19,174 shares of Briggs & Stratton stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $25.20, for a total value of $483,184.80. Following the completion of the transaction, the vice president now directly owns 27,197 shares in the company, valued at $685,364.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Todd J. Teske sold 60,000 shares of Briggs & Stratton stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $24.01, for a total value of $1,440,600.00. The disclosure for this sale can be found here. Insiders sold 97,174 shares of company stock worth $2,360,825 over the last three months. 4.20% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its holdings in Briggs & Stratton by 15.8% during the second quarter. BlackRock Inc. now owns 6,559,290 shares of the industrial products company’s stock worth $158,080,000 after purchasing an additional 892,989 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Briggs & Stratton by 12.3% in the third quarter. JPMorgan Chase & Co. now owns 830,029 shares of the industrial products company’s stock valued at $19,571,000 after buying an additional 90,831 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Briggs & Stratton by 8.0% in the second quarter. Northern Trust Corp now owns 898,841 shares of the industrial products company’s stock valued at $21,662,000 after buying an additional 66,716 shares in the last quarter. Menta Capital LLC bought a new position in shares of Briggs & Stratton in the second quarter valued at $1,443,000. Finally, State Street Corp raised its stake in Briggs & Stratton by 4.7% during the 2nd quarter. State Street Corp now owns 1,189,916 shares of the industrial products company’s stock valued at $28,674,000 after purchasing an additional 53,505 shares during the period. Institutional investors and hedge funds own 82.98% of the company’s stock.

Briggs & Stratton (NYSE:BGG) traded up $0.16 during trading hours on Tuesday, reaching $25.53. The company’s stock had a trading volume of 192,100 shares, compared to its average volume of 236,722. Briggs & Stratton has a 12 month low of $20.00 and a 12 month high of $25.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.82 and a quick ratio of 0.70. The stock has a market capitalization of $1,094.28, a P/E ratio of 19.95 and a beta of 0.78.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 15th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Thursday, December 14th. Briggs & Stratton’s payout ratio is currently 43.75%.

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About Briggs & Stratton

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 (NYSE:BGG)

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