Briggs & Stratton Corporation (BGG) Releases Earnings Results, Misses Expectations By $-0.08 EPS

Briggs & Stratton Corporation (BGG) reported quarterly earnings results on Wednesday, Aug-17-2016. The company reported $0.46 earnings per share for the quarter, missing the analyst consensus estimate by $-0.08. Analysts had a consensus of $0.54. The company posted revenue of $502.19 million in the period, compared to analysts expectations of $562.33 million. The company’s revenue was down -6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Many Wall Street Analysts have commented on Briggs & Stratton Corporation. Briggs & Stratton Corporation was Downgraded by Raymond James to ” Mkt Perform” on Jun 1, 2016.

Briggs & Stratton Corporation opened for trading at $22.61 and hit $22.86 on the upside on Monday, eventually ending the session at $22.67, with a gain of 0.31% or 0.07 points. The heightened volatility saw the trading volume jump to 3,28,395 shares. Company has a market cap of $982 M.

In a different news, on Aug 9, 2016, William H Reitman (SVP & Pres. – Global Service) sold 4,000 shares at $22.90 per share price. According to the SEC, on May 31, 2016, Todd J Teske (Chairman, President & CEO) sold 30,000 shares at $22.09 per share price. On May 26, 2016, David G Debaets (VP-Global Engine Operations) sold 6,380 shares at $22.00 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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