FY2018 EPS Estimates for Briggs & Stratton Corporation Boosted by Analyst (BGG)

Briggs & Stratton Corporation (NYSE:BGG) – Analysts at Northcoast Research boosted their FY2018 earnings per share estimates for shares of Briggs & Stratton Corporation in a research note issued to investors on Thursday. Northcoast Research analyst T. Hayes now forecasts that the industrial products company will post earnings per share of $1.69 for the year, up from their prior estimate of $1.67.

BGG has been the subject of several other reports. BidaskClub downgraded Briggs & Stratton Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research downgraded Briggs & Stratton Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Briggs & Stratton Corporation presently has an average rating of “Hold” and a consensus price target of $24.33.

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Shares of Briggs & Stratton Corporation (NYSE BGG) traded up 0.68% during mid-day trading on Friday, reaching $23.58. 143,671 shares of the company’s stock were exchanged. The company has a market capitalization of $1.01 billion, a PE ratio of 24.11 and a beta of 0.69. Briggs & Stratton Corporation has a one year low of $17.90 and a one year high of $25.92. The company’s 50-day moving average price is $23.76 and its 200-day moving average price is $22.99.

Several large investors have recently modified their holdings of BGG. First Trust Advisors LP increased its stake in shares of Briggs & Stratton Corporation by 1.3% in the first quarter. First Trust Advisors LP now owns 68,925 shares of the industrial products company’s stock valued at $1,547,000 after buying an additional 898 shares in the last quarter. Norges Bank acquired a new position in Briggs & Stratton Corporation during the fourth quarter valued at about $14,664,000. Principal Financial Group Inc. boosted its position in Briggs & Stratton Corporation by 0.7% in the first quarter. Principal Financial Group Inc. now owns 325,366 shares of the industrial products company’s stock valued at $7,304,000 after buying an additional 2,183 shares during the last quarter. Brandes Investment Partners LP boosted its position in Briggs & Stratton Corporation by 3.0% in the first quarter. Brandes Investment Partners LP now owns 2,987,091 shares of the industrial products company’s stock valued at $67,060,000 after buying an additional 87,079 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new position in Briggs & Stratton Corporation during the first quarter valued at about $410,000. 85.43% of the stock is owned by hedge funds and other institutional investors.

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)

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