Briggs & Stratton (BGG) Receiving Somewhat Positive Press Coverage, Study Finds
Media coverage about Briggs & Stratton (NYSE:BGG) has been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Briggs & Stratton earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 47.1212890919181 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Briggs & Stratton (BGG) opened at $23.00 on Monday. The firm has a market cap of $985.84, a P/E ratio of 42.59 and a beta of 0.61. Briggs & Stratton has a one year low of $20.00 and a one year high of $27.34. 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 quarterly earnings results on Wednesday, January 24th. The industrial products company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $446.00 million during the quarter, compared to analyst estimates of $424.00 million. Briggs & Stratton had a net margin of 1.31% and a return on equity of 10.25%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 EPS. research analysts anticipate that Briggs & Stratton will post 1.53 earnings per share for the current year.
Several research analysts have commented on the stock. Raymond James Financial restated an “underperform” rating on shares of Briggs & Stratton in a research report on Tuesday, October 17th. They noted that the move was a valuation call. ValuEngine upgraded shares of Briggs & Stratton from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research cut shares of Briggs & Stratton from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Citigroup upgraded shares of Briggs & Stratton to a “market perform” rating in a research report on Tuesday, January 16th. They noted that the move was a valuation call. Finally, Robert W. Baird restated a “hold” rating and issued a $26.00 target price on shares of Briggs & Stratton in a research report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Briggs & Stratton has a consensus rating of “Hold” and a consensus target price of $28.50.
In other news, insider Todd J. Teske sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $24.01, for a total value of $1,440,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP David J. Rodgers sold 18,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $24.28, for a total transaction of $437,040.00. Following the completion of the sale, the senior vice president now directly owns 118,383 shares of the company’s stock, valued at $2,874,339.24. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company’s stock.
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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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