FBR & Co (FBRC) Set to Announce Quarterly Earnings on Tuesday
FBR & Co (NASDAQ:FBRC) will announce its earnings results before the market opens on Tuesday, October 18th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter.
FBR & Co (NASDAQ:FBRC) last released its quarterly earnings results on Thursday, July 14th. The company reported ($1.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by $1.19. The firm had revenue of $20.90 million for the quarter. FBR & Co had a negative net margin of 23.07% and a negative return on equity of 10.74%. On average, analysts expect FBR & Co to post $-1.45 EPS for the current fiscal year and $0.41 EPS for the next fiscal year.
Shares of FBR & Co (NASDAQ:FBRC) opened at 13.60 on Monday. FBR & Co has a 1-year low of $13.00 and a 1-year high of $22.37. The company’s market capitalization is $94.19 million. The firm’s 50 day moving average price is $13.55 and its 200-day moving average price is $16.14.
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Several research firms have recently weighed in on FBRC. Zacks Investment Research downgraded FBR & Co from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 19th. TheStreet downgraded FBR & Co from a “hold” rating to a “sell” rating in a research report on Wednesday, August 17th.
Institutional investors have recently added to or reduced their stakes in the stock. Teachers Advisors Inc. purchased a new position in FBR & Co during the second quarter valued at $148,000. Nationwide Fund Advisors purchased a new position in FBR & Co during the second quarter valued at $204,000. BlackRock Investment Management LLC increased its position in FBR & Co by 2,589.8% in the second quarter. BlackRock Investment Management LLC now owns 25,580 shares of the company’s stock valued at $382,000 after buying an additional 24,629 shares during the period. State Street Corp purchased a new position in FBR & Co during the second quarter valued at $730,000. Finally, Parametric Portfolio Associates LLC increased its position in FBR & Co by 3.4% in the second quarter. Parametric Portfolio Associates LLC now owns 166,710 shares of the company’s stock valued at $2,489,000 after buying an additional 5,417 shares during the period. Institutional investors and hedge funds own 72.89% of the company’s stock.
FBR & Co Company Profile
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