BRP Group (BRP) to Release Earnings on Tuesday

BRP Group (NASDAQ:BRP - Get Free Report) is set to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

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BRP Group (NASDAQ:BRP - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.01 EPS for the quarter, meeting analysts' consensus estimates of $0.01. The firm had revenue of $284.65 million for the quarter, compared to analyst estimates of $282.00 million. BRP Group had a negative net margin of 7.40% and a positive return on equity of 7.61%. On average, analysts expect BRP Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

BRP Group Stock Performance

NASDAQ BRP opened at $26.41 on Tuesday. BRP Group has a 1-year low of $17.33 and a 1-year high of $30.84. The company has a 50 day moving average of $28.21 and a 200-day moving average of $24.36. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.29. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of -17.72, a PEG ratio of 0.80 and a beta of 1.54.

Insider Buying and Selling

In related news, Director Lowry Baldwin sold 62,629 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $28.94, for a total transaction of $1,812,483.26. Following the completion of the transaction, the director now directly owns 37,371 shares in the company, valued at $1,081,516.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Lowry Baldwin sold 62,629 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $28.94, for a total transaction of $1,812,483.26. Following the completion of the transaction, the director now owns 37,371 shares in the company, valued at $1,081,516.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Seth Bala Cohen sold 1,033 shares of BRP Group stock in a transaction on Friday, March 15th. The shares were sold at an average price of $29.04, for a total transaction of $29,998.32. Following the completion of the sale, the general counsel now owns 10,657 shares in the company, valued at $309,479.28. The disclosure for this sale can be found here. Company insiders own 22.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BRP shares. JPMorgan Chase & Co. raised shares of BRP Group from a "neutral" rating to an "overweight" rating and increased their price target for the company from $27.00 to $33.00 in a research note on Monday, April 8th. Bank of America lowered their price objective on BRP Group from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Thursday, February 29th. Wells Fargo & Company cut their target price on shares of BRP Group from $29.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of BRP Group from $33.00 to $34.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $33.40.

Check Out Our Latest Report on BRP Group

About BRP Group

(Get Free Report)

BRP Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions. The Insurance Advisory Solutions segment provides commercial risk management, employee benefits, and private risk management solutions for businesses and high-net-worth individuals, as well as their families.

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