Brilliant Earth Group (BRLT) Expected to Announce Quarterly Earnings on Wednesday

Brilliant Earth Group (NASDAQ:BRLT) will likely be issuing its quarterly earnings data after the market closes on Wednesday, March 12th. Analysts expect the company to announce earnings of $0.00 per share and revenue of $116.82 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Brilliant Earth Group Trading Down 1.4 %

Shares of NASDAQ:BRLT opened at $1.36 on Monday. Brilliant Earth Group has a 12-month low of $1.25 and a 12-month high of $3.21. The company has a market capitalization of $134.03 million, a PE ratio of 45.35 and a beta of 1.62. The business has a 50 day moving average of $1.72 and a two-hundred day moving average of $1.83. The company has a current ratio of 2.80, a quick ratio of 2.27 and a debt-to-equity ratio of 0.49.

Insider Buying and Selling

In related news, insider Sharon Dziesietnik sold 20,792 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $1.50, for a total transaction of $31,188.00. Following the completion of the sale, the insider now directly owns 371,329 shares in the company, valued at approximately $556,993.50. The trade was a 5.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 84.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

BRLT has been the subject of a number of analyst reports. Telsey Advisory Group reissued a “market perform” rating and issued a $2.00 price target on shares of Brilliant Earth Group in a report on Thursday. Jefferies Financial Group cut Brilliant Earth Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $4.00 to $1.60 in a research report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $2.40.

About Brilliant Earth Group

Brilliant Earth Group, Inc designs, procures, and sells diamonds, gemstones, and jewelry in the United States and internationally. The company’s product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. It sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.