Brown & Brown Inc (NYSE: BRO) has reported E.P.S. of $1.03 for its first fiscal quarter (ending March 31) versus $0.83 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $3.26 compared to $2.42 a year ago.
Recent Price Action
Brown & Brown Inc (NYSE: BRO) stock closed at $82.50 on 4/22/24 after a modest gain of 0.4%. Moreover, this advance was accompanied by above average trading volume at 132% of normal. Relative to the market the stock has been strong over the last nine months and has risen 0.7% during the last week.
Current PriceTarget Research Rating
BRO is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Brown & Brown has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Brown & Brown has a neutral Appreciation Score of 43 but a good Power Rating of 82, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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