Briggs & Stratton (NYSE:BGG) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, April 25th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Briggs & Stratton has set its FY18 guidance at $1.45-1.62 EPS.
Briggs & Stratton (NYSE:BGG) last issued its earnings results on Wednesday, January 24th. The industrial products company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. The firm had revenue of $446.00 million for the quarter, compared to analyst estimates of $424.00 million. Briggs & Stratton had a return on equity of 10.25% and a net margin of 1.31%. Briggs & Stratton’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. On average, analysts expect Briggs & Stratton to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NYSE BGG opened at $20.36 on Tuesday. The company has a market capitalization of $876.69, a P/E ratio of 15.54 and a beta of 0.67. Briggs & Stratton has a 52 week low of $20.00 and a 52 week high of $27.34. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.64 and a current ratio of 1.68.
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 3rd. Investors of record on Friday, March 16th were given a $0.14 dividend. The ex-dividend date was Thursday, March 15th. This represents a $0.56 dividend on an annualized basis and a yield of 2.75%. Briggs & Stratton’s dividend payout ratio is currently 42.75%.
In other Briggs & Stratton news, CEO Todd J. Teske sold 26,573 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $22.97, for a total value of $610,381.81. Following the sale, the chief executive officer now owns 381,604 shares in the company, valued at approximately $8,765,443.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Todd J. Teske sold 5,410 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $22.55, for a total value of $121,995.50. Following the completion of the sale, the insider now owns 378,997 shares in the company, valued at approximately $8,546,382.35. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company’s stock.
BGG has been the topic of a number of recent research reports. ValuEngine upgraded Briggs & Stratton from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Robert W. Baird reiterated 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 lowered Briggs & Stratton from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th. Raymond James upgraded Briggs & Stratton from an “underperform” rating to a “market perform” rating in a research report on Tuesday, January 16th. Finally, Citigroup upgraded Briggs & Stratton to a “market perform” rating in a research report on Tuesday, January 16th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $28.50.
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About Briggs & Stratton
Briggs & Stratton Corporation designs, manufactures, markets, sells, and services gasoline engines for outdoor power equipment to the original equipment manufacturers in the United States. It operates in two segments, Engines and Products. The Engines segment offers four-cycle aluminum alloy gasoline engines that are used primarily by the lawn and garden equipment industry.
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