BRP Group, Inc. (NASDAQ:BRP) Expected to Announce Quarterly Sales of $212.70 Million

Wall Street analysts predict that BRP Group, Inc. (NASDAQ:BRP – Get Rating) will announce $212.70 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for BRP Group’s earnings, with the lowest sales estimate coming in at $194.85 million and the highest estimate coming in at $222.70 million. BRP Group posted sales of $119.71 million during the same quarter last year, which suggests a positive year-over-year growth rate of 77.7%. The company is expected to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that BRP Group will report full-year sales of $910.92 million for the current financial year, with estimates ranging from $878.42 million to $955.00 million. For the next financial year, analysts forecast that the company will post sales of $1.17 billion, with estimates ranging from $1.03 billion to $1.25 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover BRP Group.

BRP Group (NASDAQ:BRP – Get Rating) last announced its earnings results on Tuesday, March 1st. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). BRP Group had a positive return on equity of 7.17% and a negative net margin of 3.40%. The business had revenue of $159.20 million for the quarter, compared to analysts’ expectations of $139.13 million.

A number of research firms recently weighed in on BRP. Bank of America upgraded shares of BRP Group from a “neutral” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Monday, March 14th. UBS Group began coverage on shares of BRP Group in a research report on Monday, April 18th. They issued a “buy” rating and a $30.00 price objective on the stock. Finally, Morgan Stanley lowered their price objective on shares of BRP Group from $40.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 9th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, BRP Group presently has an average rating of “Buy” and an average price target of $34.71.

NASDAQ:BRP opened at $23.25 on Friday. The firm’s fifty day moving average price is $24.98 and its 200 day moving average price is $30.47. BRP Group has a 1-year low of $17.08 and a 1-year high of $45.36. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of -44.71, a price-to-earnings-growth ratio of 1.16 and a beta of 1.73.

About BRP Group (Get Rating)

BRP Group, Inc markets and sells insurance products and services in the United States. The company operates through four segments: Middle Market, Specialty, MainStreet, and Medicare. The Middle Market segment provides commercial risk management, employee benefits solutions, and private risk management for mid-to-large size businesses and high net worth individuals, as well as its families.

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