Brown & Brown (BRO) to Release Quarterly Earnings on Monday

Brown & Brown (NYSE:BRO) is anticipated to post its quarterly earnings results 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. Parties interested in participating in the company’s conference call can do so using this link.

Brown & Brown (NYSE:BRO) last released its 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. Brown & Brown had a return on equity of 17.12% and a net margin of 22.65%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the firm earned $0.71 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. 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 Price Performance

Brown & Brown stock opened at $106.01 on Friday. The business’s 50-day simple moving average is $105.75 and its 200 day simple moving average is $103.80. 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 has a market cap of $30.31 billion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 2.12 and a beta of 0.85. Brown & Brown has a 12-month low of $75.79 and a 12-month high of $114.15.

Brown & Brown Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, February 5th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Wednesday, February 5th. Brown & Brown’s dividend payout ratio (DPR) is presently 16.35%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BRO shares. Keefe, Bruyette & Woods dropped their price target on shares of Brown & Brown from $99.00 to $97.00 and set an “underperform” rating for the company in a research note on Friday, January 10th. Barclays upped their target price 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 raised their price target on Brown & Brown from $108.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Morgan Stanley assumed coverage on Brown & Brown in a report on Thursday, December 5th. They issued an “overweight” rating and a $134.00 price objective for the company. Finally, Jefferies Financial Group raised their target price on Brown & Brown from $98.00 to $104.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $112.08.

Brown & Brown Company Profile

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.