Brown & Brown (BRO) Projected to Post Earnings on Monday

Brown & Brown (NYSE:BRO) will likely be releasing its earnings data after the market closes on Monday, January 27th. Analysts expect Brown & Brown to post earnings of $0.76 per share and revenue of $1,116,894.70 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Brown & Brown (NYSE:BRO) last issued its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Brown & Brown had a return on equity of 17.12% and a net margin of 22.65%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 earnings per share. On average, analysts expect Brown & Brown to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Brown & Brown Stock Up 0.7 %

NYSE:BRO opened at $106.01 on Friday. Brown & Brown has a twelve month low of $75.79 and a twelve month high of $114.15. The firm has a market capitalization of $30.31 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 2.12 and a beta of 0.85. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.52. The stock’s 50 day moving average price is $105.75 and its two-hundred day moving average price is $103.80.

Brown & Brown Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.57%. Brown & Brown’s payout ratio is 16.35%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BRO shares. Barclays lifted their price objective on shares of Brown & Brown from $108.00 to $119.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Bank of America lifted their price target on Brown & Brown from $108.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Morgan Stanley assumed coverage on Brown & Brown in a research note on Thursday, December 5th. They issued an “overweight” rating and a $134.00 price objective on the stock. Truist Financial boosted their target price on Brown & Brown from $116.00 to $118.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, StockNews.com downgraded Brown & Brown from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Brown & Brown presently has a consensus rating of “Hold” and an average target price of $112.08.

About Brown & Brown

Brown & Brown, Inc is an insurance agency, wholesale brokerage, insurance program and service organization. It engages in the provision of insurance brokerage services and casualty insurance underwriting services. It operates through the following segments: Retail, National Programs, Wholesale Brokerage, and Services.