Brady (NYSE:BRC) Issues Quarterly Earnings Results

Brady (NYSE:BRC) posted its earnings results on Friday. The industrial products company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08, Briefing.com reports. Brady had a net margin of 14.22% and a return on equity of 19.61%. The business had revenue of $343.40 million for the quarter, compared to the consensus estimate of $351.74 million. During the same quarter last year, the firm posted $1.04 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. Brady updated its FY25 guidance to $4.40-$4.70 EPS and its FY 2025 guidance to 4.400-4.700 EPS.

Brady Stock Up 0.5 %

Shares of NYSE:BRC traded up $0.38 during trading on Friday, reaching $72.19. The stock had a trading volume of 1,007,916 shares, compared to its average volume of 283,851. The firm’s 50-day simple moving average is $70.06 and its 200 day simple moving average is $64.41. The company has a current ratio of 2.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.06. Brady has a one year low of $51.35 and a one year high of $76.82. The company has a market capitalization of $3.43 billion, a P/E ratio of 18.42, a PEG ratio of 2.20 and a beta of 0.76.

Brady Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This is an increase from Brady’s previous quarterly dividend of $0.24. This represents a $0.96 dividend on an annualized basis and a yield of 1.33%. Brady’s payout ratio is currently 23.98%.

Analyst Ratings Changes

Separately, StockNews.com lowered Brady from a “strong-buy” rating to a “buy” rating in a report on Saturday.

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 company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.