Brown & Brown (NYSE:BRO) is scheduled to be releasing its earnings data after the market closes on Monday, October 26th. Analysts expect Brown & Brown to post earnings of $0.42 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
Brown & Brown (NYSE:BRO) last announced its quarterly earnings results on Monday, July 27th. The financial services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.06. Brown & Brown had a net margin of 17.69% and a return on equity of 12.54%. The company had revenue of $598.20 million for the quarter, compared to analysts’ expectations of $576.26 million. During the same quarter in the previous year, the business posted $0.32 earnings per share. Brown & Brown’s quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts expect Brown & Brown to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of BRO opened at $46.72 on Friday. The company’s fifty day moving average is $45.56 and its 200 day moving average is $42.27. Brown & Brown has a fifty-two week low of $30.70 and a fifty-two week high of $48.69. The stock has a market capitalization of $13.21 billion, a PE ratio of 30.63 and a beta of 0.68. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 0.98.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Wednesday, November 4th will be given a $0.093 dividend. This represents a $0.37 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Tuesday, November 3rd. This is a boost from Brown & Brown’s previous quarterly dividend of $0.09. Brown & Brown’s payout ratio is currently 24.29%.
Several brokerages recently weighed in on BRO. Royal Bank of Canada boosted their price target on shares of Brown & Brown from $38.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 29th. They noted that the move was a valuation call. Morgan Stanley boosted their price objective on shares of Brown & Brown from $44.00 to $47.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. Finally, SunTrust Banks boosted their price objective on shares of Brown & Brown from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $43.67.
In other Brown & Brown news, EVP Robert W. Lloyd sold 21,828 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $44.50, for a total transaction of $971,346.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 17.13% of the company’s stock.
About Brown & Brown
Brown & Brown, Inc markets and sells insurance products and services in the United States, England, Canada, Bermuda, and the Cayman Islands. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment offers commercial packages, group medical, workers' compensation, property risk, and general liability insurance products; and group and individual life, accident, disability, health, hospitalization, medical, dental, and other ancillary insurance products, as well as risk management, loss control survey and analysis, consultancy, and claims processing services.
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