Brokerages Expect BRP Group, Inc. (NASDAQ:BRP) to Post $0.20 Earnings Per Share

Wall Street analysts forecast that BRP Group, Inc. (NASDAQ:BRPGet Rating) will report $0.20 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for BRP Group’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.22. BRP Group reported earnings per share of $0.14 in the same quarter last year, which indicates a positive year over year growth rate of 42.9%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that BRP Group will report full year earnings of $1.02 per share for the current financial year, with EPS estimates ranging from $0.90 to $1.10. For the next fiscal year, analysts expect that the company will report earnings of $1.38 per share, with EPS estimates ranging from $1.20 to $1.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for BRP Group.

BRP Group (NASDAQ:BRPGet Rating) last posted its quarterly earnings data on Tuesday, March 1st. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). BRP Group had a positive return on equity of 6.83% and a negative net margin of 3.40%. The business had revenue of $159.20 million during the quarter, compared to analysts’ expectations of $139.13 million.

A number of equities research analysts have commented on the company. Morgan Stanley decreased their price target on BRP Group from $40.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 9th. UBS Group started coverage on BRP Group in a research note on Monday, April 18th. They set a “buy” rating and a $30.00 target price on the stock. Finally, Bank of America upgraded BRP Group from a “neutral” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Monday, March 14th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, BRP Group currently has a consensus rating of “Buy” and an average target price of $34.71.

BRP Group stock opened at $23.25 on Thursday. BRP Group has a 12-month low of $17.08 and a 12-month high of $45.36. The firm has a 50 day moving average of $24.98 and a 200 day moving average of $30.43. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 1.07.

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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