BRP Group, Inc. (NASDAQ:BRP) Expected to Post Earnings of $0.07 Per Share


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Wall Street brokerages expect BRP Group, Inc. (NASDAQ:BRP) to report earnings per share of $0.07 for the current quarter, according to Zacks. Four analysts have made estimates for BRP Group’s earnings. The highest EPS estimate is $0.08 and the lowest is $0.05. BRP Group posted earnings of $0.06 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 16.7%. The business is expected to announce its next earnings report after the market closes on Thursday, March 11th.

On average, analysts expect that BRP Group will report full year earnings of $0.46 per share for the current fiscal year, with EPS estimates ranging from $0.44 to $0.48. For the next year, analysts expect that the firm will report earnings of $0.79 per share, with EPS estimates ranging from $0.60 to $0.95. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow BRP Group.

Several brokerages have issued reports on BRP. Raymond James increased their target price on BRP Group from $30.00 to $36.00 and gave the company an “outperform” rating in a research report on Tuesday, November 17th. Bank of America reaffirmed a “neutral” rating and issued a $29.00 price target on shares of BRP Group in a report on Wednesday, January 13th.

BRP opened at $28.39 on Tuesday. The company has a market capitalization of $964.92 million, a PE ratio of -41.14, a price-to-earnings-growth ratio of 0.80 and a beta of 1.53. BRP Group has a one year low of $8.35 and a one year high of $33.56. The company’s 50 day simple moving average is $27.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.28 and a current ratio of 1.28.

About BRP Group

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

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