Brown & Brown, Inc. (NYSE:BRO) Surpasses Earnings Estimates

• Brown & Brown, Inc. (NYSE:BRO) reported an EPS of $0.91, exceeding the estimated $0.881 and the Zacks Consensus Estimate of $0.87.
• The company's total revenues reached approximately $1.19 billion, surpassing the estimated $1.16 billion and indicating an 11% increase year-over-year.
• Brown & Brown's financial health is highlighted by a debt-to-equity ratio of 0.69 and a current ratio of about 1.13, showcasing its financial stability.

Brown & Brown, Inc. (NYSE:BRO) is a prominent player in the insurance brokerage industry. The company provides a wide range of insurance products and services, catering to both individuals and businesses. It competes with other major firms in the sector, such as Marsh & McLennan and Aon. Brown & Brown's recent financial performance highlights its strong market position and growth trajectory.

On October 28, 2024, Brown & Brown reported earnings per share (EPS) of $0.91, surpassing the estimated $0.881. This achievement also exceeded the Zacks Consensus Estimate of $0.87 per share, as highlighted by GlobeNewsWire. The company's EPS showed a significant improvement from the previous year's $0.71, indicating robust growth in profitability.

The company reported total revenues of approximately $1.19 billion, exceeding the estimated $1.16 billion. This figure aligns closely with the reported $1.2 billion, marking an 11% increase compared to the previous period. Brown & Brown's organic revenue growth of 9.5% further underscores its ability to expand its business operations effectively.

Brown & Brown's financial metrics provide insight into its market valuation. The company has a price-to-earnings (P/E) ratio of approximately 29.30, reflecting the market's confidence in its earnings potential. Its price-to-sales ratio of about 6.51 and enterprise value to sales ratio of 6.81 indicate how the market values its revenue and overall worth.

The company's financial health is supported by a debt-to-equity ratio of approximately 0.69, suggesting a moderate level of debt relative to equity. Additionally, a current ratio of about 1.13 indicates Brown & Brown's ability to cover short-term liabilities with its short-term assets, showcasing its financial stability.