Briggs & Stratton Corporation (NYSE:BGG) stock identified change of -3.93% away from 52-week low price and recently located move of -74.45% off 52-week high price. It has market worth of $152.68MM and dividend yield of 5.45%. BGG stock has been recorded -34.12% away from 50 day moving average and -52.56% away from 200 day moving average. Moving closer, we can see that shares have been trading -33.13% off 20-day moving average.
On Jan. 30, 2020, Briggs & Stratton Corporation (NYSE:BGG) a recognized global leader in providing power to get work done, disclosed financial results for its second quarter of fiscal 2020, ended December 29, 2019.
Fiscal Second Quarter 2020 Highlights
- Net sales of $438 million declined from $505 million for the prior year, predominantly driven by the expected impact of the timing of shipments of small engines to OEMs and lower storm-related sales, as well as lower than expected sales of job site products. For the quarter, Engines segment sales declined 19% and Products segment sales declined 5%.
- Gross profit margin of 15.5% (GAAP) and adjusted gross profit margin of 17.3% decreased from a gross profit margin of 18.3% (GAAP) and adjusted gross profit margin of 18.6% for the second quarter last year primarily as a result of the lower sales volumes and production. Efficiency improvements in operations continue to be on track.
- GAAP net loss was $15.3 million, or $0.37 per share, including pretax charges of $9.6 million primarily related to the Company’s small engine manufacturing consolidation initiative. For the second quarter last year, GAAP net loss was $2.6 million, or $0.07 per share, including pretax charges of $11.2 million primarily related to the Company’s business optimization program. Excluding these items, adjusted net loss was $8.1 million, or $0.20 per share, versus adjusted net income of $8.4 million, or $0.20 per diluted share last year.
The Industrial Goods sector company, Briggs & Stratton Corporation noticed change of -6.85% to $3.67 along volume of 2783264 shares in recent session compared to an average volume of 1.06M. The stock observed return of -29.96% in 5 days trading activity. The stock was at -44.89% over one month performance. BGG’s shares are at -51.77% for the quarter and driving a -71.51% return over the course of the past year and is now at -44.89% since this point in 2018.
The average volatility for the week at 7.55% and for month was at 6.78%. There are 41.60M shares outstanding and 40.59M shares are floated in market. Right now the stock beta is 1.2.
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Address: 467 Sheppard Ave, Toronto, Ontario
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Phone Number – 416-297-6327