Briggs & Stratton Corporation (NYSE:BGG) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.31-1.48 for the period, compared to the Thomson Reuters consensus estimate of $1.62. The company issued revenue guidance of $1.87-1.92 billion, compared to the consensus revenue estimate of $1.91 billion.

Shares of Briggs & Stratton Corporation (BGG) traded up 1.22% during mid-day trading on Wednesday, reaching $24.09. The company’s stock had a trading volume of 252,043 shares. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 24.63 and a beta of 0.69. The firm’s 50 day moving average price is $23.80 and its 200-day moving average price is $23.06. Briggs & Stratton Corporation has a 1-year low of $17.90 and a 1-year high of $25.92.

Briggs & Stratton Corporation (NYSE:BGG) last released its quarterly earnings results on Wednesday, August 16th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by $0.06. Briggs & Stratton Corporation had a return on equity of 11.69% and a net margin of 2.33%. The firm had revenue of $474 million for the quarter, compared to analysts’ expectations of $537.82 million. During the same period last year, the firm earned $0.46 EPS. The business’s quarterly revenue was down 5.6% on a year-over-year basis. On average, analysts predict that Briggs & Stratton Corporation will post $1.38 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.32%. Briggs & Stratton Corporation’s dividend payout ratio (DPR) is 58.33%.

Several equities research analysts recently issued reports on the stock. BidaskClub raised shares of Briggs & Stratton Corporation from a strong sell rating to a sell rating in a research note on Monday. Zacks Investment Research raised shares of Briggs & Stratton Corporation from a hold rating to a buy rating and set a $26.00 price objective for the company in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $24.33.

COPYRIGHT VIOLATION NOTICE: This story was published by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this story can be accessed at

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.

Earnings History and Estimates for Briggs & Stratton Corporation (NYSE:BGG)

Receive News & Ratings for Briggs & Stratton Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Briggs & Stratton Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.