As of close of business last night, BRP Group Inc’s stock clocked out at $27.94, up 0.43% from its previous closing price of $27.82. In other words, the price has increased by $+0.12 from its previous closing price. On the day, 1237505 shares were traded. BRP stock price reached its highest trading level at $28.03 during the session, while it also had its lowest trading level at $26.91.
Ratios:
To gain a deeper understanding of BRP’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.13 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 77.23. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 09 when Hale Bradford bought 10,000 shares for $19.97 per share. The transaction valued at 199,655 led to the insider holds 10,000 shares of the business.
Valentine John A. bought 5,000 shares of BRP for $99,895 on Nov 09. The Chief Partnership Officer now owns 93,222 shares after completing the transaction at $19.98 per share. On Sep 14, another insider, Sherman Laura, who serves as the Member of 10% owner group of the company, sold 24,695 shares for $26.37 each. As a result, the insider received 651,094 and left with 0 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 1.79B and an Enterprise Value of 3.31B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.47 while its Price-to-Book (P/B) ratio in mrq is 3.20. Its current Enterprise Value per Revenue stands at 2.71 whereas that against EBITDA is 59.98.
Stock Price History:
Over the past 52 weeks, BRP has reached a high of $29.41, while it has fallen to a 52-week low of $17.33. The 50-Day Moving Average of the stock is 24.75, while the 200-Day Moving Average is calculated to be 23.44.
Shares Statistics:
It appears that BRP traded 475.74K shares on average per day over the past three months and 527.6k shares per day over the past ten days. A total of 64.13M shares are outstanding, with a floating share count of 63.31M. Insiders hold about 1.57% of the company’s shares, while institutions hold 95.34% stake in the company. Shares short for BRP as of Feb 15, 2024 were 4.01M with a Short Ratio of 8.44, compared to 3.78M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.24% and a Short% of Float of 6.36%.
Earnings Estimates
As of right now, 8 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.52 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
In the current quarter, 6 analysts expect revenue to total $375.01M. It ranges from a high estimate of $379.38M 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 20.70% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $336.72M, an increase of 13.30% less than the figure of $20.70% in the same quarter last year. There is a high estimate of $341.61M 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 13.60% from the average revenue estimate for this year.
