Somewhat Positive News Coverage Somewhat Unlikely to Affect Briggs & Stratton Corporation (BGG) Share Price
News headlines about Briggs & Stratton Corporation (NYSE:BGG) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Briggs & Stratton Corporation earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 46.011583671071 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Briggs & Stratton : 40th Annual Briggs & Al’s Run & Walk For Children’s Hospital Of Wisconsin Again Raises One Million Dollars (4-traders.com)
- Briggs & Stratton Corp. breached its 50 day moving average in a Bullish Manner : BGG-US : September 20, 2017 (finance.yahoo.com)
- Briggs & Stratton : Wins Manufacturing Die Casting Award (4-traders.com)
- Briggs & Stratton Corporation wins manufacturing Die Casting Award (seekingalpha.com)
Shares of Briggs & Stratton Corporation (NYSE BGG) opened at 22.69 on Friday. The firm has a 50-day moving average of $21.95 and a 200 day moving average of $22.99. Briggs & Stratton Corporation has a 1-year low of $17.90 and a 1-year high of $25.92. The stock has a market capitalization of $970.11 million, a PE ratio of 17.32 and a beta of 0.72.
Briggs & Stratton Corporation (NYSE:BGG) last released its quarterly earnings data on Wednesday, August 16th. The industrial products company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.06). The company had revenue of $474.00 million during the quarter, compared to analyst estimates of $537.82 million. Briggs & Stratton Corporation had a net margin of 3.17% and a return on equity of 11.24%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 EPS. On average, equities analysts anticipate that Briggs & Stratton Corporation will post $1.38 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.56 annualized dividend and a yield of 2.47%. Briggs & Stratton Corporation’s dividend payout ratio is presently 43.08%.
Several analysts have commented on BGG shares. Zacks Investment Research cut shares of Briggs & Stratton Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 29th. BidaskClub cut shares of Briggs & Stratton Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th.
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In other Briggs & Stratton Corporation news, insider Todd J. Teske sold 5,830 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $20.68, for a total value of $120,564.40. Following the transaction, the insider now owns 379,417 shares in the company, valued at approximately $7,846,343.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP William H. Reitman sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $20.69, for a total transaction of $144,830.00. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by corporate insiders.
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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