Brady (NYSE:BRC) Issues FY 2022 Earnings Guidance

Brady (NYSE:BRC) updated its FY 2022 earnings guidance on Thursday. The company provided EPS guidance of $3.120-$3.320 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.170. The company issued revenue guidance of -.

Separately, Zacks Investment Research downgraded Brady from a buy rating to a hold rating in a research note on Tuesday, November 9th.

Shares of NYSE:BRC traded down $0.60 during trading on Thursday, hitting $50.86. 59,440 shares of the company’s stock were exchanged, compared to its average volume of 195,246. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.32. Brady has a 52-week low of $43.37 and a 52-week high of $61.76. The business’s 50-day simple moving average is $51.75 and its 200 day simple moving average is $53.68. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 2.28 and a beta of 0.83.

Brady (NYSE:BRC) last released its earnings results on Thursday, November 18th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.01). Brady had a return on equity of 15.07% and a net margin of 11.04%. The business had revenue of $321.50 million for the quarter, compared to analysts’ expectations of $316.04 million. During the same quarter in the prior year, the business posted $0.64 EPS. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Brady will post 3.15 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 31st. Investors of record on Monday, January 10th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, January 7th. Brady’s dividend payout ratio is currently 36.00%.

Large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new position in Brady during the 3rd quarter valued at approximately $230,000. Royal Bank of Canada grew its holdings in Brady by 9.2% during the 3rd quarter. Royal Bank of Canada now owns 4,562 shares of the industrial products company’s stock valued at $231,000 after buying an additional 386 shares in the last quarter. UBS Group AG grew its holdings in Brady by 9.7% during the 3rd quarter. UBS Group AG now owns 28,582 shares of the industrial products company’s stock valued at $1,449,000 after buying an additional 2,521 shares in the last quarter. Finally, Morgan Stanley grew its holdings in Brady by 16.2% during the 2nd quarter. Morgan Stanley now owns 222,138 shares of the industrial products company’s stock valued at $12,447,000 after buying an additional 30,917 shares in the last quarter. Hedge funds and other institutional investors own 76.88% of the company’s stock.

Brady Company Profile

Brady Corp. engages in the manufacture and market of specialty materials and identification solutions that determines and protects premises, products, and people. The firm operates through the Identification Solutions (IDS) and Workplace Safety (WPS) segments. The IDS segment offers industrial and healthcare identification products.

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Earnings History and Estimates for Brady (NYSE:BRC)

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