Briggs & Stratton (NYSE:BGG) is scheduled to release its earnings data after the market closes on Wednesday, January 24th. Analysts expect Briggs & Stratton to post earnings of $0.31 per share for the quarter. Briggs & Stratton has set its FY18 guidance at $1.41-1.58 EPS.

Briggs & Stratton (NYSE:BGG) last announced its quarterly earnings results on Wednesday, October 25th. The industrial products company reported ($0.27) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.35) by $0.08. Briggs & Stratton had a negative return on equity of 11.04% and a negative net margin of 4.57%. The company had revenue of $329.10 million during the quarter, compared to analyst estimates of $295.84 million. During the same quarter in the previous year, the firm posted ($0.34) EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. On average, analysts expect Briggs & Stratton to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Briggs & Stratton (BGG) opened at $26.59 on Wednesday. Briggs & Stratton has a 12 month low of $20.00 and a 12 month high of $26.88. 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 $1,140.00, a price-to-earnings ratio of 20.77 and a beta of 0.78.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 15th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Thursday, December 14th. Briggs & Stratton’s dividend payout ratio is presently 43.75%.

BGG has been the topic of a number of research reports. ValuEngine raised Briggs & Stratton from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Raymond James Financial reissued an “underperform” rating on shares of Briggs & Stratton in a research note on Tuesday, October 17th. They noted that the move was a valuation call. Zacks Investment Research raised Briggs & Stratton from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Robert W. Baird reissued a “hold” rating and issued a $26.00 price objective on shares of Briggs & Stratton in a research note on Tuesday, January 9th. 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 given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $26.33.

In other news, insider Todd J. Teske sold 60,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $24.01, for a total transaction of $1,440,600.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP David J. Rodgers sold 18,000 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $24.28, for a total value of $437,040.00. Following the sale, the senior vice president now directly owns 118,383 shares in the company, valued at $2,874,339.24. The disclosure for this sale can be found here. Insiders sold a total of 97,174 shares of company stock worth $2,360,825 in the last three months. Company insiders own 4.20% of the company’s stock.

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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.

Earnings History for Briggs & Stratton (NYSE:BGG)

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