Brown & Brown Inc (NYSE: BRO) has reported earnings for its third fiscal quarter (ending September 30) of $0.82 versus $0.62 for the same period a year ago — an increase of 32%. For the latest four quarters through September 30, E.P.S. were $3.69 compared to $2.63 a year ago — an increase of 40%.
Recent Price Action
Brown & Brown Inc (NYSE: BRO) stock closed at $103.35 on 10/28/24 after a slight decline of -0.6%. Moreover, above average trading volume at 126% of normal accompanied the decline. The stock has declined -2.9% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Brown & Brown has a slightly negative Appreciation Score of 38 but a very high Power Rating of 87, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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