Equities analysts expect Briggs & Stratton Co. (NYSE:BGG) to post $339.27 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Briggs & Stratton’s earnings, with the highest sales estimate coming in at $345.00 million and the lowest estimate coming in at $332.40 million. Briggs & Stratton reported sales of $471.95 million during the same quarter last year, which indicates a negative year over year growth rate of 28.1%. The company is expected to issue its next earnings results on Thursday, August 20th.
According to Zacks, analysts expect that Briggs & Stratton will report full year sales of $1.56 billion for the current financial year, with estimates ranging from $1.56 billion to $1.57 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.62 billion, with estimates ranging from $1.56 billion to $1.72 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Briggs & Stratton.
Briggs & Stratton (NYSE:BGG) last released its quarterly earnings results on Thursday, May 7th. The industrial products company reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.20). Briggs & Stratton had a negative return on equity of 16.48% and a negative net margin of 12.50%. The firm had revenue of $473.54 million for the quarter, compared to analysts’ expectations of $521.83 million.
Briggs & Stratton stock traded down $0.07 during midday trading on Friday, hitting $1.22. 2,273,709 shares of the stock were exchanged, compared to its average volume of 4,075,999. Briggs & Stratton has a 1 year low of $1.15 and a 1 year high of $10.19. The firm has a market cap of $51.79 million, a P/E ratio of -0.24 and a beta of 1.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.91 and a quick ratio of 0.34. The company has a 50 day moving average price of $1.74 and a two-hundred day moving average price of $3.08.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Investment Advisory Services LLC acquired a new position in shares of Briggs & Stratton in the 1st quarter valued at about $29,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Briggs & Stratton in the 1st quarter valued at about $29,000. Magnus Financial Group LLC acquired a new position in shares of Briggs & Stratton in the 1st quarter valued at about $33,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Briggs & Stratton by 48.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,375 shares of the industrial products company’s stock valued at $39,000 after buying an additional 6,972 shares during the period. Finally, Cim Investment Mangement Inc. acquired a new position in shares of Briggs & Stratton in the 1st quarter valued at about $60,000. 85.00% of the stock is owned by institutional investors and hedge funds.
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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