Analysts forecast that Brown & Brown, Inc. (NYSE:BRO) will announce earnings per share of $0.28 for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Brown & Brown’s earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.27. Brown & Brown reported earnings per share of $0.26 during the same quarter last year, which would suggest a positive year over year growth rate of 7.7%. The company is scheduled to issue its next quarterly earnings report after the market closes on Monday, July 22nd.
On average, analysts expect that Brown & Brown will report full year earnings of $1.35 per share for the current year, with EPS estimates ranging from $1.32 to $1.39. For the next financial year, analysts expect that the business will report earnings of $1.48 per share, with EPS estimates ranging from $1.43 to $1.54. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Brown & Brown.
Brown & Brown (NYSE:BRO) last released its earnings results on Monday, April 22nd. The financial services provider reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.05. The firm had revenue of $617.50 million during the quarter, compared to analyst estimates of $600.51 million. Brown & Brown had a return on equity of 12.47% and a net margin of 17.23%. The business’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share.
A number of hedge funds have recently bought and sold shares of BRO. BlackRock Inc. boosted its position in shares of Brown & Brown by 1.4% in the first quarter. BlackRock Inc. now owns 21,652,146 shares of the financial services provider’s stock worth $638,955,000 after buying an additional 300,208 shares during the period. Clarkston Capital Partners LLC boosted its position in shares of Brown & Brown by 1.0% in the first quarter. Clarkston Capital Partners LLC now owns 4,899,516 shares of the financial services provider’s stock worth $144,585,000 after buying an additional 47,381 shares during the period. APG Asset Management N.V. boosted its position in shares of Brown & Brown by 39.5% in the fourth quarter. APG Asset Management N.V. now owns 4,501,200 shares of the financial services provider’s stock worth $108,519,000 after buying an additional 1,273,500 shares during the period. NN Investment Partners Holdings N.V. boosted its position in shares of Brown & Brown by 3.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 4,226,161 shares of the financial services provider’s stock worth $141,576,000 after buying an additional 145,025 shares during the period. Finally, Fenimore Asset Management Inc. boosted its position in shares of Brown & Brown by 5.3% in the first quarter. Fenimore Asset Management Inc. now owns 2,973,331 shares of the financial services provider’s stock worth $87,743,000 after buying an additional 149,028 shares during the period. 70.99% of the stock is owned by hedge funds and other institutional investors.
Brown & Brown stock traded down $0.43 during trading on Friday, hitting $34.70. The company’s stock had a trading volume of 943,045 shares, compared to its average volume of 812,242. The stock has a market capitalization of $9.91 billion, a PE ratio of 28.21, a price-to-earnings-growth ratio of 2.60 and a beta of 0.71. The stock has a fifty day moving average price of $33.50. Brown & Brown has a 1-year low of $25.72 and a 1-year high of $35.27. 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 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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