BGG - Briggs & Stratton Corporation

NYSE - NYSE Delayed Price. Currency in USD
0.7890
-0.2810 (-26.26%)
At close: 4:00PM EDT

0.8244 +0.04 (4.49%)
After hours: 6:49PM EDT

Stock chart is not supported by your current browser
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Bearishpattern detected
Commodity Channel Index

Commodity Channel Index

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close1.0700
Open1.0200
Bid0.7694 x 1300
Ask0.8300 x 900
Day's Range0.7599 - 1.0300
52 Week Range0.7599 - 10.0000
Volume8,781,641
Avg. Volume2,536,722
Market Cap33.496M
Beta (5Y Monthly)1.58
PE Ratio (TTM)N/A
EPS (TTM)-5.1040
Earnings DateAug 13, 2020 - Aug 20, 2020
Forward Dividend & Yield0.20 (17.39%)
Ex-Dividend DateDec 17, 2019
1y Target Est1.50
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
  • Executives at Bankrupt Companies Scored $131 Million in Bonuses
    Bloomberg

    Executives at Bankrupt Companies Scored $131 Million in Bonuses

    (Bloomberg) -- Before the bankruptcies came the bonuses: $10 million at J.C. Penney Co., $25 million at Chesapeake Energy Corp., $1.5 million at Hertz Global Holdings Inc.That’s how much was promised to executives only weeks or in some cases days before bankruptcy, according to a Bloomberg analysis of regulatory filings. Of the 100 or so major companies that have filed since the coronavirus shutdown began, 19 of them have committed to paying a total of $131 million in retention and performance bonuses, both before and after bankruptcies, a number that’s poised to climb as a record number of Americans are jobless and the pandemic spreads.The companies say they need to keep their management teams to help turnaround consultants repair the damage, even when it means rewarding people who were in charge when the business began sinking. The timing of some of the bonuses, before the filing, legally heads off opposition from creditors, who can’t block such payouts unless they’re made after a case reaches court.The practice isn’t new, but the context is unprecedented. The economy is in a tailspin, and while thousands more Americans stand to lose their jobs in J.C. Penney’s bankruptcy, the $4.5 million going to Chief Executive Officer Jill Soltau, who in fairness took over in 2018, when the company was already decades in decline, is pretty much a done deal, as are other payouts.“We really find them offensive in light of the median worker pay, the reductions in benefits and layoffs due to store closings,” said Julie Farb, director of the Center for Strategic Research at AFL-CIO, a federation of 55 labor unions. “It’s all made worse in the current Covid environment.”According to the law, company creditors and the U.S. Trustee, which oversees bankruptcies for the Justice Department, can dispute bonuses paid to executives while in bankruptcy, but not payments made before filing.To challenge pre-bankruptcy bonuses, creditors need to file an adversary claim, such as a fraudulent-transfer claim, which can be costly and time-consuming.In recent weeks, the U.S. Trustee has objected to about a dozen bonuses it says were excessive, said Peter Carr, a spokesperson for the agency. The Trustee has generally been unsuccessful in blocking payouts, he said.“The only remedy is a claw-back,” Carr said. “The U.S. Trustee program can’t seek that remedy, so we object to any debtor motions that would prevent the unsecured creditors’ committee from pursuing this remedy.”On May 19, Hertz, the rental-car company devastated by the pandemic-related clampdown on travel, handed out $1.5 million to three top executives as part of $16.2 million in retention bonuses. Three days later, it filed for bankruptcy. The company said in April that it had cut 10,000 jobs in North America. Hertz didn’t respond to requests for comment.Read more: Covid-19 Is Bankrupting American Companies at a Relentless PaceFrontier Communications Corp., the telecom hurt by customers’ rejection of land lines, approved bonuses in February and filed in April. Frontier declined to comment.Retention PayoutsChesapeake also didn’t wait to file to before it made retention payouts to management, including CEO Doug Lawler, who’s been leading the shale driller since 2013. Chesapeake said in May that it intended to pay $25 million in bonuses to 21 executives while also requiring some of them to take salary cuts. The company sought bankruptcy protection in late June. Chesapeake declined to comment.Small-engine manufacturer Briggs & Stratton Corp. and Ascena Retail Group Inc., owner of women’s-wear chains Ann Taylor and Lane Bryant, weren’t in bankruptcy when they made sure to secure the services of their management teams.Briggs & Stratton skipped an interest payment last month while promising payouts to its CEO and chief financial officer. Ascena was negotiating a bankruptcy filing at the same time its executives received $2.7 million. Briggs & Stratton declined to comment. Ascena didn’t respond to requests for comment.“Board members want the people that know the business, know the assets of the company, know the nuances and facets of the business, and can leverage that understanding and knowledge to extract value going forward,” said Ian Keas, a principal at Pearl Meyer, an executive-compensation consulting firm.Supporters say boards need to determine what value the executives can bring to the bankruptcy process and not necessarily what they’ve done in the past.Jobless AmericansOpponents of the bonuses, however, don’t object only to the timing. They point to the vast number of unemployed Americans, stagnant wages for those still on the job and the dire health risks for many low-paid front-line workers. They say the bonuses look bad with the economy in a tailspin and not only cut into what creditors may be able to salvage, they’re also unfair to employees who can be victims of poor executive decisions.Another objection: rewarding executives who led companies down the path to bankruptcy, said Nell Minow, vice chair of ValueEdge Advisors, a shareholder-advisory firm.Stephen Spengler has been CEO of bankrupt satellite company Intelsat SA since 2015. He’s in line to get a $6.9 million bonus despite the Justice Department’s opposition to the incentive plan. Intelsat declined to comment.“They’re going to say they’re doing it for stability and consistency,” Minow said. “But when a company is heading toward bankruptcy, maybe stability and consistency should not be your priorities. Maybe it should be rethinking the company’s strategy.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Brandes Investment Cuts Briggs & Stratton Corp
    GuruFocus.com

    Brandes Investment Cuts Briggs & Stratton Corp

    Firm sells out after a year of small reductions Continue reading...

  • TopBuild Set to Join S&P MidCap 400; Retail Properties of America and Brandywine Realty Trust to Join S&P SmallCap 600
    PR Newswire

    TopBuild Set to Join S&P MidCap 400; Retail Properties of America and Brandywine Realty Trust to Join S&P SmallCap 600

    S&P; Dow Jones Indices will make the following changes to the S&P; MidCap 400 and S&P; SmallCap 600 effective prior to the open of trading on Tuesday, June 30:

  • Thomson Reuters StreetEvents

    Edited Transcript of BGG earnings conference call or presentation 7-May-20 2:00pm GMT

    Q3 2020 Briggs & Stratton Corp Earnings Call

  • Briggs & Stratton Corporation And Club Car Announce Strategic Supply Agreement
    PR Newswire

    Briggs & Stratton Corporation And Club Car Announce Strategic Supply Agreement

    Briggs & Stratton Corporation recently announced a new strategic supply agreement with Ingersoll Rand® to power Club Car® vehicles with its Vanguard® Commercial Lithium-Ion Battery Packs.

  • Pockets of Opportunity Still Lurk in Bonds
    Kiplinger

    Pockets of Opportunity Still Lurk in Bonds

    A rash of corporate debt downgrades lies ahead, but actual defaults will remain low. So, is the worst over?

  • Hedge Funds Never Been Less Bullish On Briggs & Stratton Corporation (BGG)
    Insider Monkey

    Hedge Funds Never Been Less Bullish On Briggs & Stratton Corporation (BGG)

    In this article we will take a look at whether hedge funds think Briggs & Stratton Corporation (NYSE:BGG) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get […]

  • Implied Volatility Surging for Briggs & Stratton (BGG) Stock Options
    Zacks

    Implied Volatility Surging for Briggs & Stratton (BGG) Stock Options

    Investors need to pay close attention to Briggs & Stratton (BGG) stock based on the movements in the options market lately.

  • Briggs & Stratton Launches Smart Power Management for Standby
    PR Newswire

    Briggs & Stratton Launches Smart Power Management for Standby

    Long a leader in smart power management systems for standby generators, Briggs & Stratton Corporation has upgraded its power management offerings with the introduction of the new Amplify Power Management System.

  • Ferris® Introduces New ISX™ 3300 Zero-Turn Mower Powered By New Vanguard® BIG BLOCK™ EFI ETC
    PR Newswire

    Ferris® Introduces New ISX™ 3300 Zero-Turn Mower Powered By New Vanguard® BIG BLOCK™ EFI ETC

    Briggs & Stratton Corporation's Ferris brand is excited to introduce two all-new models in the Ferris ISX3300 platform powered exclusively by the Vanguard BIG BLOCK 40.0 Gross HP* EFI ETC engine, the first in the lineup to feature Vanguard's all-new electronic throttle control (ETC) technology. The ETC technology reacts instantaneously to any applied load from its environment to maintain power when the application demands. Equipping the premier zero-turn mower in the Ferris line — which also features the industry's most advanced independent suspension system, Forefront™ — with the most powerful engine in the Vanguard lineup creates the ultimate mowing solution.

  • Benzinga

    Recap: Briggs & Stratton Q3 Earnings

    Shares of Briggs & Stratton (NYSE:BGG) fell 24% in pre-market trading after the company reported Q3 results.Quarterly Results Earnings per share were down 176.47% over the past year to ($0.26), which missed the estimate of ($0.06).Revenue of $473,535,000 lower by 18.38% from the same period last year, which missed the estimate of $520,130,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Briggs & Stratton hasn't issued any revenue guidance for the time being.Conference Call Details Date: May 07, 2020View more earnings on BGGTime: 11:04 PM ETWebcast URL: https://edge.media-server.com/mmc/p/t2pqbyfkTechnicals Company's 52-week high was at $12.5052-week low: $1.50Price action over last quarter: down 44.14%Company Profile Briggs & Stratton Corp is a producer of gasoline engines and outdoor power equipment. It operates in two segments including Engines segment and Products segment. Briggs & Stratton manufactures four-cycle aluminum alloy gasoline engines with gross horsepower ranging from 5.5hp up to 37hp and torques that range from 4.50 ft-lbs gross torque to 21.00 ft-lbs gross torque. The company's engines are used primarily by the lawn and garden equipment industry.See more from Benzinga * 20 Healthcare Stocks Moving In Thursday's Pre-Market Session * 9 Financial Services Stocks Moving In Thursday's Pre-Market Session * Recap: Liquidity Service Q2 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • MaskForce Consortium Produces Reusable Face Masks For Front Line Workers; Briggs & Stratton Corporation Leads Filtration Efforts
    PR Newswire

    MaskForce Consortium Produces Reusable Face Masks For Front Line Workers; Briggs & Stratton Corporation Leads Filtration Efforts

    Briggs & Stratton Corporation continues to be humbled by the heroic acts of the healthcare professionals who are working on the front lines of the COVID-19 pandemic, and the Company is proud to be a part of a MaskForce consortium that has designed, developed and produced a reusable face mask with disposable filters to protect these individuals.

  • Briggs & Stratton Corporation To Announce Fiscal 2020 Third Quarter Results
    PR Newswire

    Briggs & Stratton Corporation To Announce Fiscal 2020 Third Quarter Results

    Briggs & Stratton Corporation (NYSE:BGG) will release its fiscal 2020 third quarter financial results before the market opens on Thursday, May 7, 2020. The Company has scheduled an investor conference call to follow on Thursday, May 7, 2020 at 10:00 a.m. EDT.

  • Moody's

    Briggs & Stratton Corporation -- Moody's downgrades Briggs & Stratton ratings (CFR to Caa3); outlook negative

    Moody's Investors Service ("Moody's") downgraded its ratings for Briggs & Stratton Corporation ("Briggs & Stratton"), including the company's corporate family rating ("CFR") and probability of default rating (to Caa3 and Ca-PD, from B3 and B3-PD, respectively), and the senior unsecured debt rating (to Ca from Caa1). The speculative grade liquidity rating remains SGL-4, denoting Moody's expectation that the company will maintain a weak liquidity profile over the next 12-18 months.

  • Thomson Reuters StreetEvents

    Edited Transcript of BGG earnings conference call or presentation 26-Apr-19 2:00pm GMT

    Q3 2019 Briggs & Stratton Corp Earnings Call

  • Briggs & Stratton cuts back production and withdraws fiscal 2020 guidance
    American City Business Journals

    Briggs & Stratton cuts back production and withdraws fiscal 2020 guidance

    Briggs & Stratton Corp. adjusts its operations as the COVID-19 pandemic continues, reducing operation in some manufacturing facilities and temporarily shutting down others. The company also is withdrawing its financial outlook for fiscal 2020 because of the uncertain economic environment.

  • Briggs & Stratton Provides a Business Update Related to COVID-19 Impact
    PR Newswire

    Briggs & Stratton Provides a Business Update Related to COVID-19 Impact

    Briggs & Stratton Corporation (NYSE: BGG) (the company) today announced a business update related to the COVID-19 pandemic.

  • Briggs & Stratton reduces pay for execs and salaried employees during pandemic
    American City Business Journals

    Briggs & Stratton reduces pay for execs and salaried employees during pandemic

    Briggs & Stratton Corp. announced that effective April 1, the company will be reducing the base salaries of many of the company's executive officers as well as implementing a broader wage reduction for salaried employees.

  • Milwaukee-area manufacturers join with colleges, health systems to produce respirator masks
    American City Business Journals

    Milwaukee-area manufacturers join with colleges, health systems to produce respirator masks

    Local manufactures including Husco International Inc., Rexnord and Briggs & Stratton are joining with educational institutions and local health organizations to form a new task force, dubbed the "Milwaukee Mask Force" to produce personal protective equipment during the COVID-19 pandemic.

  • How Briggs & Stratton Corporation (NYSE:BGG) Can Impact Your Portfolio Volatility
    Simply Wall St.

    How Briggs & Stratton Corporation (NYSE:BGG) Can Impact Your Portfolio Volatility

    If you're interested in Briggs & Stratton Corporation (NYSE:BGG), then you might want to consider its beta (a measure...

  • Briggs & Stratton's simplified portfolio highlights growing power application segments
    American City Business Journals

    Briggs & Stratton's simplified portfolio highlights growing power application segments

    With increased demand for Vanguard engines, standby generators and commercial batteries, Briggs & Stratton Corp. is rationalizing its portfolio to focus on these market segments with plans to divest significant parts of its products segment, which would include its turfs and lawn care business and commercial brands like Ferris, Billy Goat and Snapper.

  • Briggs & Stratton to sell power equipment businesses to focus on generator, commercial battery lines
    American City Business Journals

    Briggs & Stratton to sell power equipment businesses to focus on generator, commercial battery lines

    Wauwatosa-based Briggs & Stratton Corp. will simplify its portfolio with a central focus on its power application business, according to its new strategic repositioning plan released Friday.

  • Briggs & Stratton Announces Strategic Repositioning Plan
    PR Newswire

    Briggs & Stratton Announces Strategic Repositioning Plan

    Briggs & Stratton Corporation (NYSE: BGG) today announced details of its planned strategic repositioning. The actions announced include a sharp focus on the company's global expertise in power application, a simpler organization through strategic divestitures, and a streamlined overall business to drive improved capital returns. An outcome of these actions includes significantly de-levering the company to improve financial flexibility.

  • Demand Grows For Briggs & Stratton's New Vanguard® Commercial Battery System
    PR Newswire

    Demand Grows For Briggs & Stratton's New Vanguard® Commercial Battery System

    Briggs & Stratton Corporation (NYSE: BGG) today announced a new strategic supply agreement with a large manufacturer of light electric vehicles to power a new line of lithium-ion vehicles with Briggs & Stratton's Vanguard Commercial Battery System, beginning in June.

  • Briggs & Stratton Launches Electrification Solutions, New Single-Cylinder Engines At CONEXPO
    PR Newswire

    Briggs & Stratton Launches Electrification Solutions, New Single-Cylinder Engines At CONEXPO

    Briggs & Stratton will launch its new Vanguard® Commercial Lithium Ion Battery pack and feature its entire lineup of new single-cylinder horizontal shaft engines at CONEXPO 2020 in booth B7405 in the bronze lot.