The closing price of BRP Group Inc (NASDAQ: BRP) was $28.37 for the day, up 0.25% from the previous closing price of $28.30. In other words, the price has increased by $+0.07 from its previous closing price. On the day, 546599 shares were traded.
Ratios:
Our analysis of BRP’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 78.93. In the meantime, Its Debt-to-Equity ratio is 2.53 whereas as Long-Term Debt/Eq ratio is at 2.48.
On November 08, 2023, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $28 to $24.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 15 ’24 when Cohen Seth Bala sold 1,033 shares for $29.04 per share. The transaction valued at 29,998 led to the insider holds 10,657 shares of the business.
Baldwin Lowry sold 37,371 shares of BRP for $1,080,713 on Mar 12 ’24. The Director now owns 0 shares after completing the transaction at $28.92 per share. On Mar 11 ’24, another insider, Baldwin Lowry, who serves as the Director of the company, sold 62,629 shares for $28.94 each. As a result, the insider received 1,812,483 and left with 37,371 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BRP now has a Market Capitalization of 1.84B and an Enterprise Value of 3.35B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.51 while its Price-to-Book (P/B) ratio in mrq is 3.25. Its current Enterprise Value per Revenue stands at 2.75 whereas that against EBITDA is 60.80.
Stock Price History:
Over the past 52 weeks, BRP has reached a high of $30.84, while it has fallen to a 52-week low of $17.33. The 50-Day Moving Average of the stock is 26.61, while the 200-Day Moving Average is calculated to be 24.12.
Shares Statistics:
BRP traded an average of 413.26K shares per day over the past three months and 368.74k shares per day over the past ten days. A total of 64.13M shares are outstanding, with a floating share count of 63.75M. Insiders hold about 1.52% of the company’s shares, while institutions hold 94.73% stake in the company. Shares short for BRP as of Feb 29, 2024 were 3.94M with a Short Ratio of 9.53, compared to 3.93M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.09% and a Short% of Float of 6.21%.
Earnings Estimates
The firm’s stock currently is rated by 9 analysts. On average, analysts expect EPS of $0.53 for the current quarter, with a high estimate of $0.55 and a low estimate of $0.5, while EPS last year was $0.42. The consensus estimate for the next quarter is $0.36, with high estimates of $0.41 and low estimates of $0.33.
Analysts are recommending an EPS of between $1.7 and $1.45 for the fiscal current year, implying an average EPS of $1.56. EPS for the following year is $2.11, with 9 analysts recommending between $2.25 and $1.92.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. It ranges from a high estimate of $380.76M to a low estimate of $372.83M. As of the current estimate, BRP Group Inc’s year-ago sales were $310.71M, an estimated increase of 20.90% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $335.47M, an increase of 12.90% less than the figure of $20.90% in the same quarter last year. There is a high estimate of $341.42M for the next quarter, whereas the lowest estimate is $326.79M.
A total of 7 analysts have provided revenue estimates for BRP’s current fiscal year. The highest revenue estimate was $1.41B, while the lowest revenue estimate was $1.36B, resulting in an average revenue estimate of $1.38B. In the same quarter a year ago, actual revenue was $1.22B, up 13.60% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $1.57B in the next fiscal year. The high estimate is $1.68B and the low estimate is $1.53B. The average revenue growth estimate for next year is up 13.70% from the average revenue estimate for this year.
