Wall Street brokerages predict that Briggs & Stratton Co. (NYSE:BGG) will announce earnings of ($0.11) per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Briggs & Stratton’s earnings. The lowest EPS estimate is ($0.15) and the highest is ($0.09). Briggs & Stratton posted earnings per share of $0.20 during the same quarter last year, which indicates a negative year-over-year growth rate of 155%. The business is scheduled to announce its next earnings report on Wednesday, January 22nd.
On average, analysts expect that Briggs & Stratton will report full-year earnings of $0.20 per share for the current fiscal year, with EPS estimates ranging from $0.20 to $0.21. For the next fiscal year, analysts forecast that the business will post earnings of $0.53 per share, with EPS estimates ranging from $0.40 to $0.70. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Briggs & Stratton.
Briggs & Stratton (NYSE:BGG) last announced its quarterly earnings results on Friday, November 1st. The industrial products company reported ($0.67) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.73) by $0.06. The company had revenue of $313.70 million during the quarter, compared to the consensus estimate of $291.14 million. Briggs & Stratton had a negative net margin of 2.50% and a negative return on equity of 4.18%. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.51) earnings per share.
BGG has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Briggs & Stratton from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 22nd. ValuEngine upgraded shares of Briggs & Stratton from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 5th. Finally, TheStreet downgraded shares of Briggs & Stratton from a “c-” rating to a “d” rating in a report on Thursday, August 15th.
In related news, VP Jeffrey Michael Zeiler acquired 15,112 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average cost of $6.31 per share, for a total transaction of $95,356.72. Following the completion of the acquisition, the vice president now directly owns 90,195 shares of the company’s stock, valued at approximately $569,130.45. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 7.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of BGG. Strs Ohio increased its holdings in Briggs & Stratton by 7.5% in the second quarter. Strs Ohio now owns 45,700 shares of the industrial products company’s stock valued at $467,000 after purchasing an additional 3,200 shares during the period. Investment Management of Virginia LLC grew its holdings in Briggs & Stratton by 131.9% during the 2nd quarter. Investment Management of Virginia LLC now owns 82,940 shares of the industrial products company’s stock worth $849,000 after acquiring an additional 47,170 shares during the period. Aperio Group LLC grew its holdings in Briggs & Stratton by 192.1% during the 2nd quarter. Aperio Group LLC now owns 38,486 shares of the industrial products company’s stock worth $394,000 after acquiring an additional 25,310 shares during the period. Advisory Services Network LLC grew its holdings in Briggs & Stratton by 26.3% during the 2nd quarter. Advisory Services Network LLC now owns 26,900 shares of the industrial products company’s stock worth $275,000 after acquiring an additional 5,600 shares during the period. Finally, Everence Capital Management Inc. acquired a new stake in Briggs & Stratton during the 2nd quarter worth about $210,000. Institutional investors and hedge funds own 85.84% of the company’s stock.
Shares of NYSE:BGG traded down $0.14 during trading on Tuesday, hitting $5.08. 1,118,534 shares of the company were exchanged, compared to its average volume of 584,685. The business’s 50 day moving average is $6.46 and its 200-day moving average is $7.46. The company has a market capitalization of $222.61 million, a P/E ratio of -15.88 and a beta of 1.18. The company has a quick ratio of 0.72, a current ratio of 2.28 and a debt-to-equity ratio of 1.58. Briggs & Stratton has a 1-year low of $3.96 and a 1-year high of $14.51.
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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