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

Brown & Brown (NYSE:BRO - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Monday, October 28th. Analysts expect Brown & Brown to post earnings of $0.86 per share for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Brown & Brown (NYSE:BRO - Get Free Report) last released its quarterly earnings results on Monday, July 22nd. The financial services provider reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.05. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.14 billion. Brown & Brown had a net margin of 21.95% and a return on equity of 17.00%. Brown & Brown's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the firm earned $0.68 earnings per share. 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 Stock Performance

NYSE BRO traded down $0.34 during trading on Monday, reaching $106.05. The company's stock had a trading volume of 1,180,356 shares, compared to its average volume of 1,318,793. The firm has a 50 day moving average price of $103.57 and a 200 day moving average price of $94.56. Brown & Brown has a 12 month low of $66.73 and a 12 month high of $107.67. The firm has a market capitalization of $30.25 billion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 2.49 and a beta of 0.83. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.56.

Insider Activity

In other Brown & Brown news, CFO R. Andrew Watts sold 2,500 shares of the company's stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $100.32, for a total value of $250,800.00. Following the completion of the transaction, the chief financial officer now owns 88,445 shares of the company's stock, valued at $8,872,802.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Brown & Brown news, CFO R. Andrew Watts sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $100.32, for a total transaction of $250,800.00. Following the sale, the chief financial officer now directly owns 88,445 shares of the company's stock, valued at $8,872,802.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Hyatt J. Brown sold 134,640 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $104.51, for a total transaction of $14,071,226.40. The disclosure for this sale can be found here. 17.02% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Jefferies Financial Group raised their price objective on Brown & Brown from $98.00 to $104.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. StockNews.com cut shares of Brown & Brown from a "buy" rating to a "hold" rating in a research report on Wednesday, October 16th. Argus began coverage on shares of Brown & Brown in a report on Tuesday, September 24th. They issued a "buy" rating and a $120.00 target price on the stock. Raymond James boosted their target price on shares of Brown & Brown from $95.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. Finally, Royal Bank of Canada increased their price target on shares of Brown & Brown from $95.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $105.67.

About Brown & Brown

Brown & Brown, Inc markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment provides property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, risk management strategies, loss control survey and analysis, consultancy, and claims processing services.