$233.32 Million in Sales Expected for BRP Group, Inc. (NASDAQ:BRP) This Quarter

Wall Street brokerages expect BRP Group, Inc. (NASDAQ:BRP – Get Rating) to announce $233.32 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for BRP Group’s earnings, with the highest sales estimate coming in at $238.20 million and the lowest estimate coming in at $230.00 million. BRP Group posted sales of $152.83 million in the same quarter last year, which suggests a positive year over year growth rate of 52.7%. The firm is expected to report its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that BRP Group will report full year sales of $876.05 million for the current financial year, with estimates ranging from $845.00 million to $894.40 million. For the next financial year, analysts expect that the business will report sales of $1.14 billion, with estimates ranging from $1.06 billion to $1.20 billion. Zacks’ sales averages are an average based on a survey of analysts that cover BRP Group.

A number of brokerages recently issued reports on BRP. Bank of America raised BRP Group from a “neutral” rating to a “buy” rating and set a $31.00 price target for the company in a report on Monday, March 14th. Morgan Stanley lowered their price target on BRP Group from $40.00 to $26.00 and set an “equal weight” rating for the company in a report on Wednesday, March 9th. Finally, Wells Fargo & Company lowered their price target on BRP Group from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday, January 4th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $35.50.

BRP traded down $0.61 on Friday, reaching $24.82. The company’s stock had a trading volume of 261,881 shares, compared to its average volume of 591,077. The stock has a 50 day moving average of $27.50 and a two-hundred day moving average of $32.61. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of -42.07, a P/E/G ratio of 1.22 and a beta of 1.74. BRP Group has a fifty-two week low of $22.00 and a fifty-two week high of $45.36.

About BRP Group (Get Rating)

BRP Group, Inc markets and sells insurance products and services in the United States. The company operates through four segments: Middle Market, Specialty, MainStreet, and Medicare. The Middle Market segment provides commercial risk management, employee benefits solutions, and private risk management for mid-to-large size businesses and high net worth individuals, as well as its families.

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