News headlines about Briggs & Stratton (NYSE:BGG) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Briggs & Stratton earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.2583629085801 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of research firms have recently issued reports on BGG. Zacks Investment Research upgraded shares of Briggs & Stratton from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. Sidoti cut shares of Briggs & Stratton from a “buy” rating to a “neutral” rating and set a $17.00 target price for the company. in a research note on Thursday, July 19th. ValuEngine upgraded shares of Briggs & Stratton from a “strong sell” rating to a “sell” rating in a research note on Friday, August 17th. Finally, Northcoast Research reiterated a “buy” rating and issued a $25.00 target price on shares of Briggs & Stratton in a research note on Friday, August 17th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.75.
Shares of NYSE:BGG traded down $0.05 during trading on Friday, reaching $20.20. The stock had a trading volume of 256,377 shares, compared to its average volume of 458,445. Briggs & Stratton has a 52 week low of $16.26 and a 52 week high of $27.34. The company has a current ratio of 1.77, a quick ratio of 0.70 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $858.35 million, a P/E ratio of 15.66 and a beta of 0.67.
Briggs & Stratton (NYSE:BGG) last issued its quarterly earnings results on Wednesday, August 15th. The industrial products company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. The business had revenue of $501.69 million during the quarter, compared to analyst estimates of $495.83 million. Briggs & Stratton had a negative net margin of 0.60% and a positive return on equity of 10.13%. Briggs & Stratton’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 earnings per share. analysts forecast that Briggs & Stratton will post 1.45 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 3rd. Investors of record on Tuesday, September 18th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Monday, September 17th. Briggs & Stratton’s dividend payout ratio is currently 43.41%.
In related news, insider Todd J. Teske sold 87,398 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $20.91, for a total value of $1,827,492.18. Following the completion of the sale, the insider now owns 453,723 shares of the company’s stock, valued at $9,487,347.93. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.20% of the company’s stock.
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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