BRC (BRCC) to Release Earnings on Monday

BRC (NYSE:BRCC) will be releasing its earnings data after the market closes on Monday, November 4th. Analysts expect BRC to post earnings of ($0.02) per share for the quarter. BRC has set its FY 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

BRC (NYSE:BRCC) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $89.02 million for the quarter, compared to analyst estimates of $101.54 million. BRC had a negative net margin of 1.88% and a positive return on equity of 17.53%. During the same period last year, the business earned ($0.03) EPS. On average, analysts expect BRC to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

BRC Stock Performance

NYSE:BRCC opened at $3.14 on Friday. BRC has a 12 month low of $2.60 and a 12 month high of $7.14. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.07 and a quick ratio of 0.59. The firm has a market capitalization of $666.25 million, a PE ratio of -26.12 and a beta of 1.15. The business’s fifty day moving average price is $3.57 and its 200 day moving average price is $4.68.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BRCC shares. Roth Capital downgraded BRC from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Roth Mkm lowered shares of BRC from a “buy” rating to a “neutral” rating and dropped their price target for the company from $8.00 to $4.00 in a research note on Friday, August 9th. DA Davidson restated a “buy” rating and set a $5.50 price objective on shares of BRC in a research report on Wednesday, September 18th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $6.00 target price on shares of BRC in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $6.63.

Insiders Place Their Bets

In other news, Director Evan Hafer sold 1,000,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $3.17, for a total value of $3,170,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Thomas E. Davin sold 10,884 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $3.81, for a total transaction of $41,468.04. Following the transaction, the director now owns 15,851 shares of the company’s stock, valued at $60,392.31. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Evan Hafer sold 1,000,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $3.17, for a total value of $3,170,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,010,884 shares of company stock valued at $12,811,468 over the last quarter. Company insiders own 73.80% of the company’s stock.

BRC Company Profile

BRC Inc, through its subsidiaries, purchases, roasts, and sells coffee, coffee accessories, and branded apparel in the United States. The company also produces media content, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders.