Brown & Brown (BRO) Expected to Announce Quarterly Earnings on Monday

Brown & Brown (NYSE:BRO) is expected to 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. Investors interested in registering for 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. Brown & Brown had a return on equity of 17.12% and a net margin of 22.65%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the business posted $0.71 earnings per share. 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 Trading Up 0.7 %

BRO opened at $106.01 on Friday. The company has a market cap of $30.31 billion, a P/E ratio of 28.88, a PEG ratio of 2.12 and a beta of 0.85. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.52. The company’s 50 day moving average is $105.75 and its 200-day moving average is $103.70. Brown & Brown has a 1-year low of $75.79 and a 1-year high of $114.15.

Brown & Brown Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, February 5th will be given a $0.15 dividend. 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 dividend payout ratio is currently 16.35%.

Analyst Upgrades and Downgrades

BRO has been the subject of a number of research reports. Barclays increased their price target on Brown & Brown from $108.00 to $119.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Bank of America lifted their price target on Brown & Brown from $108.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Company upped their price objective on Brown & Brown from $112.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Royal Bank of Canada lifted their target price on shares of Brown & Brown from $113.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Truist Financial upped their price target on shares of Brown & Brown from $116.00 to $118.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Brown & Brown has an average rating of “Hold” and a consensus 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.