BRC (BRCC) Set to Announce Quarterly Earnings on Monday

BRC (NYSE:BRCC - Get Free Report) will release its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect BRC to post earnings of ($0.02) per share for the quarter. BRC has set its FY 2024 guidance at EPS.Individual that wish to register for the company's earnings conference call can do so using this link.

BRC (NYSE:BRCC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $89.02 million during the quarter, compared to analyst estimates of $101.54 million. BRC had a positive return on equity of 17.53% and a negative net margin of 1.88%. During the same quarter in the previous year, the company posted ($0.03) earnings per share. On average, analysts expect BRC to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

BRC Stock Performance

NYSE:BRCC traded up $0.03 on Monday, hitting $3.27. The stock had a trading volume of 399,727 shares, compared to its average volume of 898,986. The business's 50-day simple moving average is $3.65 and its two-hundred day simple moving average is $4.72. The stock has a market cap of $694.94 million, a price-to-earnings ratio of -27.25 and a beta of 1.15. BRC has a 52-week low of $2.60 and a 52-week high of $7.14. The company has a quick ratio of 0.59, a current ratio of 1.07 and a debt-to-equity ratio of 1.01.

Analysts Set New Price Targets

A number of research firms recently issued reports on BRCC. Telsey Advisory Group dropped their price objective on shares of BRC from $8.00 to $6.00 and set an "outperform" rating on the stock in a report on Friday, August 9th. DA Davidson reiterated a "buy" rating and set a $5.50 price target on shares of BRC in a research note on Wednesday, September 18th. Roth Mkm downgraded shares of BRC from a "buy" rating to a "neutral" rating and cut their price objective for the company from $8.00 to $4.00 in a research report on Friday, August 9th. Finally, Roth Capital cut BRC from a "strong-buy" rating to a "hold" rating in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $6.63.

Insider Buying and Selling at BRC

In other news, Director Thomas E. Davin sold 10,884 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $3.81, for a total value of $41,468.04. Following the completion of the sale, the director now directly owns 15,851 shares of the company's stock, valued at $60,392.31. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Evan Hafer sold 1,000,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $3.17, for a total transaction of $3,170,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas E. Davin sold 10,884 shares of BRC stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $3.81, for a total value of $41,468.04. Following the sale, the director now directly owns 15,851 shares in the company, valued at $60,392.31. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,010,884 shares of company stock valued at $12,811,468 over the last 90 days. 73.80% of the stock is currently owned by corporate insiders.

BRC Company Profile

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.