Brady (NYSE:BRC) Issues Quarterly Earnings Results

Brady (NYSE:BRC) released its quarterly earnings results on Thursday. The industrial products company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.02), Yahoo Finance reports. Brady had a net margin of 10.78% and a return on equity of 15.36%. The firm had revenue of $265.90 million for the quarter, compared to analysts’ expectations of $251.25 million. During the same period in the previous year, the company posted $0.65 earnings per share. The business’s quarterly revenue was down 8.2% compared to the same quarter last year.

Shares of BRC opened at $47.17 on Friday. The firm has a market capitalization of $2.52 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 2.73 and a beta of 0.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.33 and a quick ratio of 2.12. The company’s fifty day moving average price is $43.55 and its 200-day moving average price is $51.01. Brady has a 1-year low of $33.00 and a 1-year high of $59.11.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be paid a dividend of $0.218 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $0.87 annualized dividend and a dividend yield of 1.85%. Brady’s payout ratio is currently 35.37%.

BRC has been the subject of several recent analyst reports. Wells Fargo & Co raised their target price on shares of Brady from $37.00 to $40.00 and gave the company an “underweight” rating in a research note on Friday. Sidoti upgraded Brady from a “neutral” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Friday. Finally, Zacks Investment Research cut Brady from a “buy” rating to a “hold” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Brady presently has an average rating of “Hold” and an average target price of $48.50.

In other Brady news, Director Elizabeth P. Bruno sold 8,400 shares of Brady stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $50.93, for a total transaction of $427,812.00. Following the completion of the sale, the director now owns 359,819 shares of the company’s stock, valued at approximately $18,325,581.67. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 15.60% of the company’s stock.

About Brady

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.

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Earnings History for Brady (NYSE:BRC)

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