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

Brown & Brown (NYSE:BROGet Free Report) 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. Investors that wish to register for the company’s conference call can do so using this link.

Brown & Brown (NYSE:BROGet Free Report) last released its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. Brown & Brown had a net margin of 22.65% and a return on equity of 17.12%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the company earned $0.71 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. 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 %

Shares of BRO stock opened at $106.01 on Friday. Brown & Brown has a 52-week low of $75.79 and a 52-week high of $114.15. The company has a 50-day simple moving average of $105.75 and a two-hundred day simple moving average of $103.70. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market capitalization of $30.31 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 2.12 and a beta of 0.85.

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 issued 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 is presently 16.35%.

Analysts Set New Price Targets

A number of brokerages have issued reports on BRO. Morgan Stanley initiated coverage on Brown & Brown in a research note on Thursday, December 5th. They issued an “overweight” rating and a $134.00 price objective for the company. Wells Fargo & Company increased their price target on shares of Brown & Brown from $112.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Jefferies Financial Group lifted their price objective on shares of Brown & Brown from $98.00 to $104.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Barclays increased 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. Finally, StockNews.com lowered shares of Brown & Brown from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. One research analyst has rated the stock with a sell rating, five have given 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.

Read Our Latest Research Report on BRO

About Brown & Brown

(Get Free Report)

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.

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Earnings History for Brown & Brown (NYSE:BRO)

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