BRC (NYSE:BRCC – Get Free Report) issued its earnings results on Monday. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01, Zacks reports. The business had revenue of $98.20 million for the quarter, compared to the consensus estimate of $95.06 million. BRC had a negative net margin of 1.22% and a positive return on equity of 23.81%. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. BRC updated its FY 2024 guidance to EPS.
BRC Stock Performance
NYSE BRCC opened at $3.25 on Thursday. 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 company has a market capitalization of $690.70 million, a P/E ratio of -40.00 and a beta of 1.16. BRC has a 1-year low of $2.60 and a 1-year high of $7.14. The business has a 50 day moving average price of $3.48 and a 200 day moving average price of $4.65.
Insider Transactions at BRC
In other news, Director Evan Hafer sold 1,000,000 shares of the stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other BRC news, Director Evan Hafer sold 1,000,000 shares of the company’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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas E. Davin sold 10,884 shares of the company’s 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 directly owns 15,851 shares in the company, valued at $60,392.31. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,010,884 shares of company stock valued at $12,811,468 in the last 90 days. 73.80% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
View Our Latest Report on BRCC
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.
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