Briggs & Stratton’s strengths such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, notable return on equity and solid stock price performance outweigh the fact that the company has had sub par growth in net income. The company issued revenue guidance of $1.84-1.89 billion, compared to the consensus revenue estimate of $1.93 billion.
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Several analysts recently commented on BGG shares.
03/11/2016 – Briggs & Stratton Corporation had its “neutral” rating reiterated by analysts at Northcoast Research.
Separately, TheStreet Ratings team rates the stock as a “buy” with a ratings score of A-.
08/15/2014 – Briggs & Stratton Corporation had its “sell” rating reiterated by analysts at Off Wall Street.
01/26/2015 – Briggs & Stratton Corporation was upgraded to “outperform” by analysts at Zacks. (NYSE:BGG) traded down 1.17% during mid-day trading on Wednesday, reaching $22.03. Following the completion of the sale, the vice president now owns 28,656 shares of the company’s stock, valued at approximately $630,432. Company has a market cap of $982 M. The stock closed lower by 2.94 at $19.01 on the highest volume of the year. The stock has a 50 day moving average of $22.16 and a 200-day moving average of $21.91. The company reported $0.46 earnings per share for the quarter, missing the analyst consensus estimate by $-0.08. The company posted revenue of $502.19 million in the period, compared to analysts expectations of $562.33 million. “Industry shipments in April and May were down significantly when compared to a year ago as the cooler weather impacted retail sell through”. Briggs & Stratton Corporation was Downgraded by Raymond James to ” Mkt Perform” on Jun 1, 2016. Investors of record on Friday, September 16th will be issued a dividend of $0.14 per share.
Saying that cooler-than-normal spring weather hurt the outdoor power products business, Briggs & Stratton Corp. on Wednesday reported a sharp drop in sales and earnings in its fourth quarter of fiscal 2016.
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In other news, VP David G. Debaets sold 6,380 shares of the stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $22.09, for a total value of $662,700.00.
