Briggs & Stratton (BGG) Earning Somewhat Positive Media Coverage, Analysis Finds

News stories about Briggs & Stratton (NYSE:BGG) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Briggs & Stratton earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 47.0144708769987 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Shares of Briggs & Stratton (NYSE:BGG) opened at $22.00 on Thursday. Briggs & Stratton has a 52 week low of $20.00 and a 52 week high of $27.34. The stock has a market capitalization of $943.63, a price-to-earnings ratio of 19.64 and a beta of 0.61. The company has a quick ratio of 0.64, a current ratio of 1.68 and a debt-to-equity ratio of 0.42.

Briggs & Stratton (NYSE:BGG) last issued its earnings results on Wednesday, January 24th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Briggs & Stratton had a return on equity of 10.25% and a net margin of 1.31%. The business had revenue of $446.00 million during the quarter, compared to the consensus estimate of $424.00 million. During the same period last year, the company earned $0.35 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. sell-side analysts anticipate that Briggs & Stratton will post 1.53 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 16th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, March 15th. Briggs & Stratton’s dividend payout ratio (DPR) is presently 50.00%.

A number of research analysts have weighed in on BGG shares. ValuEngine upgraded Briggs & Stratton from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Robert W. Baird restated a “hold” rating and issued a $26.00 price objective on shares of Briggs & Stratton in a report on Tuesday, January 9th. Zacks Investment Research lowered Briggs & Stratton from a “buy” rating to a “hold” rating in a report on Tuesday, January 30th. Raymond James Financial upgraded Briggs & Stratton from an “underperform” rating to a “market perform” rating in a report on Tuesday, January 16th. Finally, Citigroup upgraded Briggs & Stratton to a “market perform” rating in a report on Tuesday, January 16th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.50.

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Briggs & Stratton 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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