Briggs & Stratton Co. (NYSE:BGG) – Equities researchers at Northcoast Research decreased their Q4 2020 earnings per share (EPS) estimates for Briggs & Stratton in a report released on Tuesday, November 5th. Northcoast Research analyst T. Hayes now anticipates that the industrial products company will earn $0.30 per share for the quarter, down from their previous estimate of $0.31. Northcoast Research also issued estimates for Briggs & Stratton’s Q3 2021 earnings at $0.68 EPS and Q4 2021 earnings at $0.34 EPS.
Briggs & Stratton (NYSE:BGG) last posted its quarterly earnings data on Friday, November 1st. The industrial products company reported ($0.67) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.73) by $0.06. Briggs & Stratton had a negative net margin of 2.50% and a negative return on equity of 4.18%. The company had revenue of $313.70 million during the quarter, compared to the consensus estimate of $291.14 million. During the same period in the prior year, the business posted ($0.51) EPS. The company’s quarterly revenue was up 12.4% on a year-over-year basis.
Several other equities research analysts also recently issued reports on the stock. ValuEngine upgraded shares of Briggs & Stratton from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 5th. 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. Finally, TheStreet downgraded shares of Briggs & Stratton from a “c-” rating to a “d” rating in a research note on Thursday, August 15th. Three analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $15.00.
Briggs & Stratton stock opened at $7.72 on Wednesday. Briggs & Stratton has a one year low of $3.96 and a one year high of $16.11. The company has a market cap of $331.12 million, a price-to-earnings ratio of -24.13 and a beta of 1.28. The firm has a 50-day moving average of $6.38 and a 200-day moving average of $8.45. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.28 and a quick ratio of 0.72.
In other news, VP Jeffrey Michael Zeiler bought 43,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average cost of $4.25 per share, for a total transaction of $182,750.00. Following the purchase, the vice president now owns 87,581 shares of the company’s stock, valued at approximately $372,219.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Rachele Marie Lehr bought 6,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was purchased at an average price of $4.35 per share, with a total value of $26,100.00. Following the completion of the purchase, the vice president now directly owns 45,570 shares in the company, valued at approximately $198,229.50. The disclosure for this purchase can be found here. Insiders purchased a total of 109,112 shares of company stock valued at $500,707 over the last quarter. 7.60% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Eqis Capital Management Inc. bought a new position in Briggs & Stratton in the 3rd quarter valued at about $143,000. SG Americas Securities LLC bought a new position in Briggs & Stratton in the 3rd quarter valued at about $105,000. Russell Investments Group Ltd. bought a new position in Briggs & Stratton in the 3rd quarter valued at about $666,000. State of Tennessee Treasury Department raised its holdings in Briggs & Stratton by 8.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 19,033 shares of the industrial products company’s stock valued at $115,000 after acquiring an additional 1,496 shares during the period. Finally, BKD Wealth Advisors LLC bought a new position in Briggs & Stratton in the 3rd quarter valued at about $124,000. 90.00% of the stock is currently owned by hedge funds and other institutional investors.
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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