BRC (BRCC) Set to Announce Earnings on Monday

BRC (NYSE:BRCC) is scheduled to be announcing its earnings results after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. BRC has set its FY 2024 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

BRC (NYSE:BRCC) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). BRC had a positive return on equity of 17.53% and a negative net margin of 1.88%. The business had revenue of $89.02 million during the quarter, compared to analyst estimates of $101.54 million. During the same period in the prior year, the business earned ($0.03) earnings per share. On average, analysts expect BRC to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

BRC Stock Down 1.8 %

NYSE BRCC opened at $3.24 on Monday. The company has a quick ratio of 0.59, a current ratio of 1.07 and a debt-to-equity ratio of 1.01. The business’s fifty day simple moving average is $3.65 and its 200-day simple moving average is $4.72. BRC has a 52 week low of $2.60 and a 52 week high of $7.14. The firm has a market cap of $687.90 million, a PE ratio of -18.00 and a beta of 1.15.

Analysts Set New Price Targets

Several equities analysts have recently commented on BRCC shares. Telsey Advisory Group decreased their price objective on shares of BRC from $8.00 to $6.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. DA Davidson reissued a “buy” rating and set a $5.50 price target on shares of BRC in a research report on Wednesday, September 18th. Roth Mkm lowered BRC from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $8.00 to $4.00 in a research report on Friday, August 9th. Finally, Roth Capital lowered BRC from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.63.

Insider Buying and Selling

In other BRC news, Director Evan Hafer sold 3,000,000 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $3.20, for a total transaction of $9,600,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other BRC news, Director Thomas E. Davin sold 10,884 shares of BRC stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $3.81, for a total value of $41,468.04. Following the completion of the sale, the director now directly owns 15,851 shares of the company’s stock, valued at approximately $60,392.31. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Evan Hafer sold 3,000,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $3.20, for a total value of $9,600,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,010,884 shares of company stock valued at $12,811,468. 73.80% of the stock is owned by insiders.

BRC Company Profile

BRC Inc, through its subsidiaries, purchases, roasts, and sells coffee, coffee accessories, and branded apparel in the United States. The company also produces media content, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders.