$0.36 EPS Expected for Brown & Brown, Inc. (BRO) This Quarter
Analysts expect Brown & Brown, Inc. (NYSE:BRO) to report $0.36 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Brown & Brown’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.37. Brown & Brown posted earnings per share of $0.33 in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.1%. The business is scheduled to announce its next quarterly earnings report after the market closes on Monday, April 22nd.
According to Zacks, analysts expect that Brown & Brown will report full-year earnings of $1.33 per share for the current fiscal year, with EPS estimates ranging from $1.29 to $1.42. For the next financial year, analysts anticipate that the company will report earnings of $1.45 per share, with EPS estimates ranging from $1.43 to $1.50. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Brown & Brown.
Brown & Brown (NYSE:BRO) last issued its earnings results on Monday, January 28th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). The company had revenue of $508.70 million for the quarter, compared to the consensus estimate of $503.52 million. Brown & Brown had a return on equity of 12.03% and a net margin of 17.09%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 earnings per share.
In other Brown & Brown news, EVP Anthony T. Strianese sold 35,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $29.17, for a total value of $1,020,950.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Robert W. Lloyd sold 10,601 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $29.29, for a total transaction of $310,503.29. The disclosure for this sale can be found here. 16.69% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in BRO. BTIM Corp. increased its holdings in Brown & Brown by 2.7% during the first quarter. BTIM Corp. now owns 456,174 shares of the financial services provider’s stock worth $13,462,000 after buying an additional 12,089 shares during the last quarter. Fenimore Asset Management Inc. boosted its position in shares of Brown & Brown by 0.7% in the fourth quarter. Fenimore Asset Management Inc. now owns 2,824,303 shares of the financial services provider’s stock valued at $77,838,000 after acquiring an additional 20,132 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Brown & Brown by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,093,296 shares of the financial services provider’s stock valued at $57,689,000 after acquiring an additional 26,343 shares during the period. Teachers Advisors LLC lifted its position in Brown & Brown by 16.7% during the third quarter. Teachers Advisors LLC now owns 391,717 shares of the financial services provider’s stock valued at $11,583,000 after purchasing an additional 56,196 shares during the last quarter. Finally, Veritable L.P. lifted its position in Brown & Brown by 16.4% during the third quarter. Veritable L.P. now owns 27,123 shares of the financial services provider’s stock valued at $802,000 after purchasing an additional 3,813 shares during the last quarter. Institutional investors own 72.24% of the company’s stock.
NYSE BRO traded up $0.16 on Friday, hitting $30.57. 905,211 shares of the company were exchanged, compared to its average volume of 1,021,273. The firm has a market cap of $8.55 billion, a PE ratio of 24.85, a P/E/G ratio of 2.31 and a beta of 0.73. Brown & Brown has a 12 month low of $25.72 and a 12 month high of $31.55. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.49.
Brown & Brown Company Profile
Brown & Brown, Inc markets and sells insurance products in the United States, England, Canada, Bermuda, and the Cayman Islands. Its Retail segment offers property insurance relating to physical damage to property and resultant interruption of business, or extra expense caused by fire, windstorm, or other perils; casualty insurance relating to legal liabilities, professional liability, cyber-liability, workers' compensation, and commercial and private passenger automobile coverages; fidelity and surety bonds; and life, accident, disability, health, hospitalization, medical, dental, and other ancillary insurance products, as well as risk management, loss control surveys and analysis, consultation, and claims processing services.
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