Somewhat Negative Media Coverage Somewhat Unlikely to Impact Briggs & Stratton Corporation (BGG) Share Price
News stories about Briggs & Stratton Corporation (NYSE:BGG) have been trending somewhat negative on Saturday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news 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 Corporation earned a daily sentiment score of -0.06 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 48.7168441178592 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Stock is up at $24.09 (BGG) Briggs & Stratton Declares Dividend (highlightpress.com)
- Briggs & Stratton Expands Capacity to Boost Commercial Sales (finance.yahoo.com)
- Edited Transcript of BGG earnings conference call or presentation 17-Aug-17 2:00pm GMT (finance.yahoo.com)
- Briggs & Stratton Corporation (BGG) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- Briggs & Stratton To Expand Commercial Turf Operation (finance.yahoo.com)
Shares of Briggs & Stratton Corporation (BGG) opened at 20.35 on Friday. The firm has a market cap of $855.96 million, a price-to-earnings ratio of 15.53 and a beta of 0.69. The stock has a 50 day moving average of $23.60 and a 200 day moving average of $23.03. Briggs & Stratton Corporation has a 12 month low of $17.90 and a 12 month high of $25.92.
Briggs & Stratton Corporation (NYSE:BGG) last announced its quarterly earnings data on Wednesday, August 16th. The industrial products company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.06. The firm had revenue of $474 million for the quarter, compared to analysts’ expectations of $537.82 million. Briggs & Stratton Corporation had a return on equity of 11.24% and a net margin of 3.17%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. On average, equities research analysts expect that Briggs & Stratton Corporation will post $1.49 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.75%. Briggs & Stratton Corporation’s dividend payout ratio is presently 43.08%.
A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of Briggs & Stratton Corporation from a “buy” rating to a “hold” rating in a report on Thursday. BidaskClub upgraded shares of Briggs & Stratton Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th.
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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.
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