Analysts Anticipate BRP Group, Inc. (NASDAQ:BRP) Will Post Earnings of $0.51 Per Share

Wall Street brokerages expect BRP Group, Inc. (NASDAQ:BRPGet Rating) to post earnings of $0.51 per share for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for BRP Group’s earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.55. BRP Group posted earnings per share of $0.44 during the same quarter last year, which would indicate a positive year-over-year growth rate of 15.9%. The company is expected to announce its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that BRP Group will report full year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $0.96 to $1.16. For the next financial year, analysts expect that the business will post earnings of $1.40 per share, with EPS estimates ranging from $1.24 to $1.50. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for BRP Group.

A number of equities analysts have recently weighed in on BRP shares. Bank of America raised BRP Group from a “neutral” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Monday, March 14th. Wells Fargo & Company dropped their price target on BRP Group from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Tuesday, January 4th. Morgan Stanley dropped their price target on BRP Group from $40.00 to $26.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 9th. Finally, UBS Group assumed coverage on BRP Group in a research report on Monday. They set a “buy” rating and a $30.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, BRP Group presently has an average rating of “Buy” and a consensus target price of $34.71.

Shares of BRP opened at $23.08 on Friday. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of -39.12, a PEG ratio of 1.15 and a beta of 1.74. 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 business has a 50-day simple moving average of $26.25 and a two-hundred day simple moving average of $32.04. BRP Group has a 52 week low of $21.92 and a 52 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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