BRC (NYSE:BRCC – Get Free Report) is scheduled to announce 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.Investors interested in listening to the company’s conference call can do so using this link.
BRC (NYSE:BRCC – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). BRC had a negative net margin of 1.88% and a positive return on equity of 17.53%. The company had revenue of $89.02 million for the quarter, compared to analysts’ expectations of $101.54 million. During the same quarter in the previous year, the business posted ($0.03) EPS. 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 %
BRCC opened at $3.24 on Monday. The firm has a 50 day moving average price of $3.65 and a 200-day moving average price of $4.72. The stock has a market capitalization of $687.90 million, a price-to-earnings ratio of -18.00 and a beta of 1.15. The company has a quick ratio of 0.59, a current ratio of 1.07 and a debt-to-equity ratio of 1.01. BRC has a twelve month low of $2.60 and a twelve month high of $7.14.
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Wall Street Analyst Weigh In
A number of brokerages have issued reports on BRCC. Telsey Advisory Group cut their price objective on shares of BRC from $8.00 to $6.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Roth Mkm downgraded shares of BRC from a “buy” rating to a “neutral” rating and lowered their price target for the company from $8.00 to $4.00 in a report on Friday, August 9th. Roth Capital cut shares of BRC from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, DA Davidson reaffirmed a “buy” rating and set a $5.50 target price on shares of BRC in a research note on Wednesday, September 18th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.63.
Check Out Our Latest Report on BRC
About BRC
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.
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