Headlines about Briggs & Stratton Corporation (NYSE:BGG) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media 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 negative one to positive one, with scores closest to one being the most favorable. Briggs & Stratton Corporation earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Briggs & Stratton Corp. breached its 50 day moving average in a Bullish Manner : BGG-US : July 17, 2017 (finance.yahoo.com)
- Analyzing Westport Fuel Systems (WPRT) & Briggs & Stratton Corporation (NYSE:BGG) (americanbankingnews.com)
- Briggs & Stratton Corporation (NYSE:BGG) Expected to Post Quarterly Sales of $546.00 Million (americanbankingnews.com)
- The Power of American Manufacturing: (finance.yahoo.com)
- Zacks: Analysts Expect Briggs & Stratton Corporation (NYSE:BGG) to Post $0.51 Earnings Per Share (americanbankingnews.com)
Shares of Briggs & Stratton Corporation (NYSE:BGG) opened at 24.23 on Tuesday. The firm has a market cap of $1.04 billion, a P/E ratio of 24.78 and a beta of 0.70. The company’s 50-day moving average price is $24.04 and its 200-day moving average price is $22.67. Briggs & Stratton Corporation has a 12 month low of $17.90 and a 12 month high of $25.92.
Briggs & Stratton Corporation (NYSE:BGG) last announced its quarterly earnings data on Thursday, April 20th. The industrial products company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. Briggs & Stratton Corporation had a net margin of 2.33% and a return on equity of 11.69%. The company had revenue of $597 million during the quarter, compared to analyst estimates of $617.01 million. During the same quarter last year, the business posted $0.80 EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, analysts predict that Briggs & Stratton Corporation will post $1.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $0.56 annualized dividend and a dividend yield of 2.31%. Briggs & Stratton Corporation’s dividend payout ratio is currently 58.33%.
Separately, Zacks Investment Research raised Briggs & Stratton Corporation from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Tuesday, April 25th.
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In other news, VP Andrea L. Golvach sold 4,106 shares of the company’s stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $24.90, for a total transaction of $102,239.40. Following the completion of the sale, the vice president now owns 19,659 shares of the company’s stock, valued at $489,509.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP William H. Reitman sold 17,350 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $24.92, for a total transaction of $432,362.00. The disclosure for this sale can be found here. Insiders own 4.70% of the company’s stock.
Briggs & Stratton Corporation Company Profile
Briggs & Stratton Corporation is a producer of gasoline engines for outdoor power equipment. The Company designs, manufactures, markets, sells and services the various products for original equipment manufacturers (OEMs) around the world. It also markets and sells related service parts and accessories for its engines.
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