Brown & Brown, Inc. (NYSE:BRO) Expected to Announce Earnings of $0.28 Per Share

Equities research analysts expect that Brown & Brown, Inc. (NYSE:BRO) will report earnings per share of $0.28 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Brown & Brown’s earnings, with estimates ranging from $0.27 to $0.30. Brown & Brown posted earnings per share of $0.26 during the same quarter last year, which indicates a positive year-over-year growth rate of 7.7%. The business is scheduled to issue its next quarterly earnings report on Monday, July 22nd.

On average, analysts expect that Brown & Brown will report full-year earnings of $1.35 per share for the current fiscal year, with EPS estimates ranging from $1.32 to $1.39. For the next financial year, analysts anticipate that the firm will post earnings of $1.48 per share, with EPS estimates ranging from $1.43 to $1.54. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Brown & Brown.

Brown & Brown (NYSE:BRO) last issued its earnings results on Monday, April 22nd. The financial services provider reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.05. The business had revenue of $617.50 million during the quarter, compared to analysts’ expectations of $600.51 million. Brown & Brown had a return on equity of 12.47% and a net margin of 17.23%. Brown & Brown’s revenue was up 23.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 earnings per share.



Several analysts have recently commented on BRO shares. Zacks Investment Research cut Brown & Brown from a “hold” rating to a “sell” rating in a research report on Tuesday, February 26th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $28.00 target price on shares of Brown & Brown in a research report on Sunday, April 21st. Finally, SunTrust Banks raised their target price on Brown & Brown to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.38.

A number of hedge funds and other institutional investors have recently bought and sold shares of BRO. Amundi Pioneer Asset Management Inc. bought a new position in shares of Brown & Brown in the first quarter worth about $8,149,000. First Trust Advisors LP lifted its holdings in Brown & Brown by 16.9% during the 1st quarter. First Trust Advisors LP now owns 450,376 shares of the financial services provider’s stock worth $13,291,000 after buying an additional 65,249 shares in the last quarter. Advisory Services Network LLC lifted its holdings in Brown & Brown by 2.1% during the 1st quarter. Advisory Services Network LLC now owns 44,069 shares of the financial services provider’s stock worth $1,301,000 after buying an additional 900 shares in the last quarter. Neuburgh Advisers LLC lifted its holdings in Brown & Brown by 10.4% during the 1st quarter. Neuburgh Advisers LLC now owns 53,618 shares of the financial services provider’s stock worth $1,582,000 after buying an additional 5,032 shares in the last quarter. Finally, Tyers Asset Management LLC lifted its holdings in Brown & Brown by 10.4% during the 1st quarter. Tyers Asset Management LLC now owns 34,694 shares of the financial services provider’s stock worth $1,024,000 after buying an additional 3,256 shares in the last quarter. Institutional investors own 70.93% of the company’s stock.

Shares of Brown & Brown stock traded down $0.51 during midday trading on Wednesday, hitting $32.66. The company’s stock had a trading volume of 25,933 shares, compared to its average volume of 894,697. The stock has a market cap of $9.33 billion, a price-to-earnings ratio of 26.60, a P/E/G ratio of 2.46 and a beta of 0.71. The company’s 50-day simple moving average is $32.24. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.93 and a quick ratio of 0.93. Brown & Brown has a 1-year low of $25.72 and a 1-year high of $33.46.

Brown & Brown Company Profile

Brown & Brown, Inc markets and sells insurance products and services in the United States, England, Canada, Bermuda, and the Cayman Islands. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment offers commercial packages, group medical, workers' compensation, property risk, and general liability insurance products; and group and individual life, accident, disability, health, hospitalization, medical, dental, and other ancillary insurance products, as well as risk management, loss control survey and analysis, consultancy, and claims processing services.

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Earnings History and Estimates for Brown & Brown (NYSE:BRO)

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