Brown & Brown (BRO) Set to Announce Earnings on Tuesday
Brown & Brown (NYSE:BRO) is set to release its Q313 earnings data on Tuesday, October 15th. Analysts expect Brown & Brown to post earnings of $0.40 per share and revenue of $348.85 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Brown & Brown (NYSE:BRO) opened at 32.99 on Monday. Brown & Brown has a 1-year low of $24.88 and a 1-year high of $35.13. The stock has a 50-day moving average of $32.20 and a 200-day moving average of $32.18. The company has a market cap of $4.780 billion and a price-to-earnings ratio of 23.43.
BRO has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. reiterated a “buy” rating on shares of Brown & Brown in a research note to investors on Wednesday, October 2nd. They now have a $40.00 price target on the stock. On a related note, analysts at Barclays Capital raised their price target on shares of Brown & Brown from $30.00 to $34.00 in a research note to investors on Wednesday, October 2nd. They now have an “equal weight” rating on the stock. Finally, analysts at Zacks upgraded shares of Brown & Brown from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, October 1st. They now have a $36.90 price target on the stock. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $35.53.
Brown & Brown, Inc is a diversified insurance agency, wholesale brokerage, insurance programs and service company.
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