Brown & Brown, Inc. (BRO) to Release Earnings on Wednesday
Brown & Brown, Inc. (NYSE:BRO) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, October 18th. Analysts expect Brown & Brown to post earnings of $0.51 per share for the quarter.
Brown & Brown (NYSE:BRO) last posted its quarterly earnings results on Monday, July 17th. The financial services provider reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Brown & Brown had a net margin of 14.52% and a return on equity of 11.10%. The business had revenue of $466.30 million during the quarter, compared to analyst estimates of $465.48 million. During the same period in the previous year, the business posted $0.47 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts expect Brown & Brown to post $1.85 EPS for the current fiscal year and $2.00 EPS for the next fiscal year.
Brown & Brown, Inc. (BRO) opened at 48.94 on Wednesday. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 26.17 and a beta of 0.79. Brown & Brown, Inc. has a 12-month low of $36.05 and a 12-month high of $49.13. The stock has a 50 day moving average of $46.79 and a 200 day moving average of $44.06.
BRO has been the subject of a number of recent research reports. BidaskClub upgraded shares of Brown & Brown from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Royal Bank Of Canada restated a “hold” rating and issued a $44.00 price objective on shares of Brown & Brown in a research note on Tuesday, June 13th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $43.00 price objective on shares of Brown & Brown in a research note on Friday, August 18th. Wells Fargo & Company restated a “hold” rating on shares of Brown & Brown in a research note on Tuesday, August 15th. Finally, Zacks Investment Research upgraded shares of Brown & Brown from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $43.43.
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About Brown & Brown
Brown & Brown, Inc is a diversified insurance agency, wholesale brokerage, insurance programs and service company. The Company markets and sells insurance products and services, in the property, casualty and employee benefits areas. It provides its customers with non-investment insurance contracts, as well as other customized risk management products and services.
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