Brown & Brown Inc (NYSE: BRO) has reported E.P.S. of $0.90 for its second fiscal quarter (ending June 30) versus $0.67 for the same period a year ago — an increase of 34%. Relative to the consensus estimate of $0.87, this was a premium of $0.03. For the latest four quarters through June 30, E.P.S. were $3.49 compared to $2.58 a year ago — an increase of 35%.
Recent Price Action
Brown & Brown Inc (NYSE: BRO) stock closed at $93.16 on 7/22/24 after a modest gain of 0.8%. NORMAL trading volume accompanied the advance. The stock has declined -0.6% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
BRO’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Brown & Brown has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Brown & Brown has a neutral Appreciation Score of 41 but a good Power Rating of 78, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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