Briggs & Stratton Corporation (BGG) Releases Earnings Results, Misses Expectations By $-0.28 EPS

Briggs & Stratton Corporation (BGG) reported quarterly earnings results on Thursday, Apr-21-2016. The company reported $0.61 earnings per share for the quarter, missing the analyst consensus estimate by $-0.28. Analysts had a consensus of $0.89. The company posted revenue of $603.75 million in the period, compared to analysts expectations of $642.22 million. The company’s revenue was down -2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.

Many Wall Street Analysts have commented on Briggs & Stratton Corporation. Briggs & Stratton Corporation was Downgraded by Northcoast to ” Neutral” on Mar 11, 2016. Briggs & Stratton Corporation was Upgraded by Raymond James to ” Strong Buy” on Mar 1, 2016.

Briggs & Stratton Corporation closed down -0.19 points or -0.84% at $22.53 with 2,89,116 shares getting traded on Monday. Post opening the session at $22.68, the shares hit an intraday low of $22.48 and an intraday high of $22.88 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 11, 2016, David J Rodgers (Sr. VP & Pres. – Engines Group) sold 17,790 shares at $23.99 per share price. According to the SEC, on Feb 18, 2016, Todd J Teske (Chairman, President & CEO) sold 49,213 shares at $20.98 per share price. On Feb 8, 2016, Harold L Redman (SVP & Pres.-Turf & Cons. Prod.) sold 25,050 shares at $20.41 per share price, according to the Form-4 filing with the securities and exchange commission.

Briggs & Stratton Corporation is a producer of air cooled gasoline engines for outdoor power equipment. The Company designs manufactures markets and services these products for original equipment manufacturers (OEMs) worldwide. In addition the Company markets and sells related service parts and accessories for its engines. The Company manufactures markets generators pressure washers snow throwers lawn and garden powered equipment (primarily riding and walk behind mowers) and related service parts and accessories. The Company operates in two segments: Engines and Power Products. Briggs & Stratton manufactures four-cycle aluminum alloy gasoline engines with displacements ranging from 125 to 993 cubic centimeters through its Engines segment. Power Products’ principal product lines include portable and standby generators pressure washers snow throwers and lawn and garden powered equipment.

Briggs & Stratton Corporation

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