BRC (BRCC) to Release Quarterly Earnings on Monday

BRC (NYSE:BRCC) is scheduled to be announcing its earnings results after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. BRC has set its FY 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

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

BRC Price Performance

BRCC stock opened at $3.14 on Friday. The firm has a 50 day moving average of $3.57 and a 200-day moving average of $4.68. The company has a market cap of $666.25 million, a price-to-earnings ratio of -26.12 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.59 and a debt-to-equity ratio of 1.01. BRC has a 12-month low of $2.60 and a 12-month high of $7.14.

Insider Activity

In other BRC news, Director Thomas E. Davin sold 10,884 shares of the firm’s stock in a transaction dated 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 directly owns 15,851 shares of the company’s stock, valued at $60,392.31. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Thomas E. Davin sold 10,884 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was 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 $60,392.31. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Evan Hafer sold 1,000,000 shares of BRC stock in a transaction on 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 4,010,884 shares of company stock worth $12,811,468 over the last three months. 73.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BRCC has been the topic of a number of research analyst reports. Roth Mkm downgraded BRC from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $8.00 to $4.00 in a research report on Friday, August 9th. Telsey Advisory Group reiterated an “outperform” rating and issued a $6.00 price objective on shares of BRC in a research report on Thursday. DA Davidson reissued a “buy” rating and issued a $5.50 price objective on shares of BRC in a research note on Wednesday, September 18th. Finally, Roth Capital cut shares of BRC from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BRC has a consensus rating of “Moderate Buy” and an average target price of $6.63.

About BRC

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.