BRC (NYSE:BRCC) Posts Earnings Results, Beats Expectations By $0.01 EPS

by · The Cerbat Gem

BRC (NYSE:BRCC – Get Free Report) announced its quarterly earnings results on Monday. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01, Zacks reports. BRC had a negative net margin of 1.22% and a positive return on equity of 23.81%. The firm had revenue of $98.20 million during the quarter, compared to analyst estimates of $95.06 million. During the same period in the previous year, the business posted ($0.05) earnings per share. BRC updated its FY 2024 guidance to EPS.

BRC Price Performance

NYSE:BRCC traded down $0.09 during trading hours on Wednesday, hitting $3.20. 1,699,403 shares of the stock traded hands, compared to its average volume of 899,346. The company has a quick ratio of 0.59, a current ratio of 1.07 and a debt-to-equity ratio of 1.01. BRC has a 1 year low of $2.60 and a 1 year high of $7.14. The company has a market cap of $680.06 million, a price-to-earnings ratio of -39.75 and a beta of 1.16. The stock has a 50 day moving average price of $3.50 and a 200 day moving average price of $4.66.

Insider Buying and Selling at BRC

In other BRC news, Director Thomas E. Davin sold 10,884 shares of BRC stock in a transaction that occurred on Monday, September 9th. The shares were 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Evan Hafer sold 1,000,000 shares of BRC stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $3.17, for a total transaction of $3,170,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas E. Davin sold 10,884 shares of BRC stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $3.81, for a total transaction of $41,468.04. Following the sale, the director now owns 15,851 shares in the company, valued at approximately $60,392.31. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,010,884 shares of company stock valued at $12,811,468 over the last 90 days. 73.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BRCC. Roth Capital downgraded shares of BRC from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Roth Mkm reissued a “neutral” rating and issued a $3.50 price objective (down previously from $4.00) on shares of BRC in a report on Wednesday. Telsey Advisory Group reissued an “outperform” rating and issued a $6.00 price objective on shares of BRC in a report on Thursday, October 31st. Finally, DA Davidson reissued a “buy” rating and issued a $5.50 price objective on shares of BRC in a report on Wednesday, September 18th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.50.

Check Out Our Latest Analysis on BRC

BRC Company Profile

(Get Free Report)

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.

Featured Stories