-$0.11 EPS Expected for Briggs & Stratton Co. (NYSE:BGG) This Quarter

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Analysts expect that Briggs & Stratton Co. (NYSE:BGG) will announce earnings of ($0.11) per share for the current quarter, according to Zacks. Three analysts have provided estimates for Briggs & Stratton’s earnings. The highest EPS estimate is ($0.09) and the lowest is ($0.15). Briggs & Stratton posted earnings per share of $0.20 during the same quarter last year, which would indicate a negative year over year growth rate of 155%. The firm is scheduled to report its next earnings results on Wednesday, January 22nd.

According to Zacks, analysts expect that Briggs & Stratton will report full-year earnings of $0.20 per share for the current financial year, with EPS estimates ranging from $0.20 to $0.21. For the next fiscal year, analysts expect that the business will post earnings of $0.53 per share, with EPS estimates ranging from $0.40 to $0.70. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Briggs & Stratton.

Briggs & Stratton (NYSE:BGG) last released its quarterly earnings results on Friday, November 1st. The industrial products company reported ($0.67) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.73) by $0.06. Briggs & Stratton had a negative return on equity of 4.18% and a negative net margin of 2.50%. The firm had revenue of $313.70 million for the quarter, compared to the consensus estimate of $291.14 million. During the same period last year, the business posted ($0.51) EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis.

BGG has been the topic of several research reports. TheStreet downgraded Briggs & Stratton from a “c-” rating to a “d” rating in a research note on Thursday, August 15th. ValuEngine raised shares of Briggs & Stratton from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 5th. Finally, Zacks Investment Research upgraded shares of Briggs & Stratton from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 22nd.

BGG stock traded up $0.12 during trading on Tuesday, reaching $5.24. The stock had a trading volume of 938,819 shares, compared to its average volume of 531,284. Briggs & Stratton has a 52 week low of $3.96 and a 52 week high of $14.51. The stock’s 50 day moving average is $6.54 and its two-hundred day moving average is $7.57. The company has a quick ratio of 0.72, a current ratio of 2.28 and a debt-to-equity ratio of 1.58.

In other Briggs & Stratton news, VP Jeffrey Michael Zeiler purchased 15,112 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were acquired at an average cost of $6.31 per share, for a total transaction of $95,356.72. Following the completion of the transaction, the vice president now owns 90,195 shares of the company’s stock, valued at $569,130.45. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 7.60% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Millennium Management LLC raised its stake in shares of Briggs & Stratton by 277.6% in the third quarter. Millennium Management LLC now owns 760,040 shares of the industrial products company’s stock worth $4,605,000 after buying an additional 558,740 shares during the period. Morgan Stanley raised its stake in Briggs & Stratton by 408.6% during the 2nd quarter. Morgan Stanley now owns 554,986 shares of the industrial products company’s stock worth $5,683,000 after acquiring an additional 445,861 shares during the period. Vanguard Group Inc. raised its stake in Briggs & Stratton by 8.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,396,640 shares of the industrial products company’s stock worth $45,021,000 after acquiring an additional 352,274 shares during the period. Nuveen Asset Management LLC purchased a new position in Briggs & Stratton during the second quarter valued at approximately $2,586,000. Finally, State of New Jersey Common Pension Fund D purchased a new position in Briggs & Stratton during the third quarter valued at approximately $1,439,000. 85.84% of the stock is owned by institutional investors and hedge funds.

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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