|Bid||4.1000 x 800|
|Ask||4.3400 x 800|
|Day's Range||4.0900 - 4.4900|
|52 Week Range||4.0900 - 21.1200|
|Beta (3Y Monthly)||1.57|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2019|
|Forward Dividend & Yield||0.20 (4.48%)|
|1y Target Est||5.33|
Shares of Briggs & Stratton were rocked Thursday to levels last seen in the 1970s, after the maker of gasoline engines and outdoor power equipment reported a surprise fiscal fourth-quarter loss, lowered its full-year outlook and slashed its quarterly dividend.
Small engine and outdoor equipment manufacturer Briggs & Stratton Corp. posted a 5.9% net sales decrease in the fourth quarter of its fiscal year with unusually wet North American and dry European and Australian weather conditions factoring into the drop.
Briggs & Stratton (BGG) delivered earnings and revenue surprises of -178.26% and -9.82%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Shares of Briggs & Stratton Corp. plummeted 43% toward a 44-year low in premarket trading Thursday, after the maker of gasoline engines for outdoor power equipment reported a surprise loss for its fiscal fourth quarter and revenue that fell short of expectation, while cutting its full-year outlook. The net loss for the quarter ended in June widended to $18.5 million, or 45 cents a share, from $11.8 million, or 29 cents a share, in the same period a year ago. Excluding non-recurring items, the adjusted loss per share narrowed to 36 cents from 47 cents, but missed the FactSet consensus for earnings per share of 45 cents. Revenue fell 5.9% to $472.0 million, below the FactSet consensus of $519.9 million. For fiscal 2020, the company cut its adjusted EPS guidance to 20 cents to 40 cents from "approximately $1.30," and lowered its sales outlook to $1.91 billion to $1.97 billion from "approximately $2.01 billion. "The North America lawn and garden market slowed considerably as the quarter progressed from unusually wet, cool spring weather compounded by near-term market disruptions with channel partners," said Chief Executive Todd Teske. Earlier, the company said it cut its dividend and that it was closing its facility in Murray, KY. The stock, on track to open at the lowest levels seen during regular-session hours since May 1975, has dropped 36.8% year to date through Wednesday, while the S&P 500 has gained 13.3%.
MILWAUKEE , Aug. 15, 2019 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE: BGG) today announced financial results for its fiscal fourth quarter and year ended June 30, 2019 . For the fiscal 2019 fourth ...
Briggs & Stratton Corp. said Thursday its board has cut its quarterly dividend to 5 cents a share from 14 cents. The new dividend is payable Oct. 2 to shareholders of record as of Sept. 18. "This action will help us to direct more funds to debt reduction and investments in attractive commercial products and enabling technologies," Chief Executive Todd Teske said in a statement. the company, which makes gasoline engines for outdoor power equipment, said earlier Thursday it is closing a Kentucky small engine facility by fall of 2020. Shares were down 5.7% premarket and have fallen 37% in 2019, while the S&P 500 has gained 13%.
MILWAUKEE , Aug. 15, 2019 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE: BGG): In connection with its regular quarterly meeting, the Board of Directors of Briggs & Stratton Corporation declared a ...
MILWAUKEE, Aug. 15, 2019 /PRNewswire/ -- Briggs & Stratton Corporation today announced plans to consolidate production of its small vertical-shaft engines into its Poplar Bluff, MO facility. Unlike other areas of Briggs & Stratton's business such as commercial engines and products which have seen double-digit growth, the residential walk-behind mower market, where the vast majority of these engines are used, has not rebounded to historical levels.
Results at the maker of engines for outdoor equipment lags analysts' estimates. The company says it will close a Kentucky plant and consolidate production in Missouri.
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Briggs & Stratton (BGG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Expertise in applying power helps expand into new technology MILWAUKEE , Aug. 7, 2019 /PRNewswire/ -- As part of an overall business transformation that includes driving growth in commercial markets and ...
MILWAUKEE , Aug. 5, 2019 /PRNewswire/ -- Briggs & Stratton Corporation (NYSE:BGG) will release its fiscal 2019 fourth quarter financial results before the market opens on Thursday, August 15, 2019 . The ...
MILWAUKEE, July 25, 2019 /PRNewswire/ -- For the fourth consecutive year, the Equipment Dealers Association (EDA) awarded its Gold Level Award to Briggs & Stratton Corporation for its Ferris commercial mower products. "The exceptionally high ratings in all categories affirm Ferris's commitment to providing extraordinary care to dealers and professionals," Dan Roche, marketing director — commercial products said. "Commercial landscapers expect high-quality, innovative mowers, parts and dealer support from Ferris.
Briggs & Stratton health center makes ninth location serving more than 16,000 Wisconsin employees and their families. WINOOSKI, Vt . , July 24, 2019 /PRNewswire/ -- Marathon Health, LLC , a provider of ...
MILWAUKEE, July 5, 2019 /PRNewswire/ -- The Ferris ISX 800 is a recipient of the highly regarded Landscape Business "Twenty for 2019" new product awards for the ForeFront™ Suspension System. Judged by the editorial staff at EPD Media and Specialty Information, the ISX 800 was evaluated based on innovation, marketability and application within the market. "The industry depends on Ferris' suspension system to take care of them on the job," said Dan Roche, marketing director – commercial products.
MILWAUKEE, June 25, 2019 /PRNewswire/ -- Briggs & Stratton has called Milwaukee home for more than 110 years and has been committed to the community for equally as long. Through its longstanding relationship with Summerfest, the Company will leverage its Big Backyard stage to rally fest-goers around local nonprofits that play an important role in making Milwaukee a great place to live, work, learn and thrive. 1. For the second year, Summerfest attendees visiting the Briggs & Stratton Big Backyard stage will see a video highlighting the Company's involvement in the Milwaukee community and will have the opportunity to vote for one of four local nonprofit organizations to win a $5,000 donation.
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...
Shares of Deere & Company (DE) have fallen over 12% since May 5 on the back of renewed U.S./China trade war worries. DE stock then tumbled over 6% on Monday. So let's see what to do with DE stock before it reports its Q2 fiscal 2019 earnings on Friday.