Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Briggs & Stratton (BGG) Share Price
Press coverage about Briggs & Stratton (NYSE:BGG) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Briggs & Stratton earned a news impact score of 0.14 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.6979674837808 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Briggs & Stratton (NYSE:BGG) opened at $25.02 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.82 and a debt-to-equity ratio of 0.41. Briggs & Stratton has a 1-year low of $20.00 and a 1-year high of $25.95. The company has a market capitalization of $1,072.42, a price-to-earnings ratio of 19.55 and a beta of 0.78.
Briggs & Stratton (NYSE:BGG) last issued its quarterly earnings data on Wednesday, October 25th. The industrial products company reported ($0.27) EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.08. The firm had revenue of $329.10 million for the quarter, compared to analyst estimates of $295.84 million. Briggs & Stratton had a return on equity of 11.38% and a net margin of 3.05%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.34) EPS. equities research analysts predict that Briggs & Stratton will post 1.49 earnings per share for the current year.
A number of research analysts have commented on the company. ValuEngine raised Briggs & Stratton from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Raymond James Financial reaffirmed an “underperform” rating on shares of Briggs & Stratton in a report on Tuesday, October 17th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered Briggs & Stratton from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $26.50.
In other news, insider Todd J. Teske sold 60,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $24.01, for a total transaction of $1,440,600.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Andrea L. Golvach sold 19,174 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $25.20, for a total value of $483,184.80. Following the sale, the vice president now directly owns 27,197 shares in the company, valued at $685,364.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,174 shares of company stock worth $2,360,825. 4.20% of the stock is currently owned by insiders.
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About Briggs & Stratton
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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