Brady (NYSE:BRC) Issues Quarterly Earnings Results

Brady (NYSE:BRC) announced its quarterly earnings data on Friday. The industrial products company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.61 by $0.07, Briefing.com reports. The business had revenue of $295.30 million for the quarter, compared to analyst estimates of $298.90 million. Brady had a net margin of 11.15% and a return on equity of 15.85%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 earnings per share. Brady updated its FY 2020 guidance to $2.45-2.55 EPS and its FY guidance to $2.45-2.55 EPS.

BRC stock traded up $2.50 during mid-day trading on Friday, hitting $51.05. The company had a trading volume of 648,487 shares, compared to its average volume of 198,603. The firm has a market cap of $2.56 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 2.59 and a beta of 0.95. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.36 and a current ratio of 3.03. Brady has a 12 month low of $38.81 and a 12 month high of $52.51. The stock’s fifty day moving average price is $49.29 and its two-hundred day moving average price is $48.19.

BRC has been the topic of several research reports. Wells Fargo & Co set a $45.00 price objective on shares of Brady and gave the stock a “hold” rating in a research report on Friday, July 12th. ValuEngine lowered shares of Brady from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research lowered shares of Brady from a “hold” rating to a “sell” rating in a research report on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $46.25.



In other news, VP Russell Shaller sold 2,225 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $48.25, for a total value of $107,356.25. Following the sale, the vice president now owns 41,677 shares of the company’s stock, valued at $2,010,915.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Louis T. Bolognini sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $48.50, for a total transaction of $48,500.00. Following the completion of the sale, the senior vice president now directly owns 29,208 shares in the company, valued at approximately $1,416,588. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,943 shares of company stock worth $1,720,379. Insiders own 15.60% of the company’s stock.

Brady Company Profile

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The IDS segment offers safety signs, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials and printing systems for product identification, brand protection labeling, work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification, as well as software and services for safety compliance auditing, procedure writing, and training.

Further Reading: Special Dividends

Earnings History for Brady (NYSE:BRC)

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