Briggs & Stratton (NYSE:BGG) Expected to Announce Earnings of $0.83 Per Share

Equities analysts forecast that Briggs & Stratton (NYSE:BGG) will post earnings per share of $0.83 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Briggs & Stratton’s earnings. The highest EPS estimate is $0.84 and the lowest is $0.81. Briggs & Stratton also posted earnings of $0.83 per share in the same quarter last year. The business is expected to issue its next earnings results on Thursday, April 19th.

According to Zacks, analysts expect that Briggs & Stratton will report full-year earnings of $1.53 per share for the current financial year, with EPS estimates ranging from $1.48 to $1.58. For the next fiscal year, analysts forecast that the firm will post earnings of $1.79 per share, with EPS estimates ranging from $1.72 to $1.90. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Briggs & Stratton.

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Briggs & Stratton (NYSE:BGG) last posted its earnings results on Wednesday, January 24th. The industrial products company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Briggs & Stratton had a net margin of 1.31% and a return on equity of 10.25%. The business had revenue of $446.00 million for the quarter, compared to the consensus estimate of $424.00 million. During the same period last year, the company earned $0.35 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year.

Several equities research analysts recently commented on BGG shares. ValuEngine upgraded shares of 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 set a $26.00 target price on shares of Briggs & Stratton in a research report on Tuesday, January 9th. Zacks Investment Research downgraded shares of Briggs & Stratton from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th. Raymond James Financial upgraded shares of Briggs & Stratton from an “underperform” rating to a “market perform” rating in a research report on Tuesday, January 16th. Finally, Citigroup upgraded shares of 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 issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.50.

In other news, insider Todd J. Teske sold 5,410 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $22.55, for a total value of $121,995.50. Following the transaction, the insider now owns 378,997 shares in the company, valued at approximately $8,546,382.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Todd J. Teske sold 26,573 shares of the business’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 transaction of $610,381.81. Following the completion of the transaction, the chief executive officer now owns 381,604 shares in the company, valued at approximately $8,765,443.88. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of BGG. Acadian Asset Management LLC acquired a new position in shares of Briggs & Stratton in the 4th quarter worth approximately $148,000. KLCM Advisors Inc. acquired a new position in shares of Briggs & Stratton during the 4th quarter valued at $213,000. Stone Ridge Asset Management LLC acquired a new position in shares of Briggs & Stratton during the 4th quarter valued at $259,000. SG Americas Securities LLC lifted its position in shares of Briggs & Stratton by 41.4% during the 3rd quarter. SG Americas Securities LLC now owns 11,538 shares of the industrial products company’s stock valued at $271,000 after acquiring an additional 3,381 shares during the period. Finally, Trexquant Investment LP acquired a new position in shares of Briggs & Stratton during the 3rd quarter valued at $320,000. Hedge funds and other institutional investors own 84.72% of the company’s stock.

Shares of Briggs & Stratton (BGG) opened at $22.99 on Friday. The company has a current ratio of 1.68, a quick ratio of 0.64 and a debt-to-equity ratio of 0.42. Briggs & Stratton has a 1 year low of $20.00 and a 1 year high of $27.34. The company has a market cap of $899.86, a P/E ratio of 38.83 and a beta of 0.66.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 16th will be given a $0.14 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.44%. Briggs & Stratton’s dividend payout ratio (DPR) is currently 103.71%.

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Briggs & Stratton Company Profile

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

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