Brady (NYSE:BRC) Releases Earnings Results, Beats Estimates By $0.02 EPS

Brady (NYSE:BRC) announced its quarterly earnings results on Monday. The industrial products company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.10 by $0.02, Briefing.com reports. Brady had a net margin of 14.70% and a return on equity of 19.84%. The firm had revenue of $377.10 million for the quarter, compared to analyst estimates of $365.88 million. During the same period last year, the business earned $1.00 EPS. Brady’s revenue for the quarter was up 13.6% compared to the same quarter last year. Brady updated its FY25 guidance to $4.40-$4.70 EPS and its FY 2025 guidance to 4.400-4.700 EPS.

Brady Stock Performance

Shares of NYSE:BRC traded down $0.35 during trading on Tuesday, reaching $69.79. The company had a trading volume of 24,395 shares, compared to its average volume of 272,279. Brady has a fifty-two week low of $52.99 and a fifty-two week high of $77.68. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.27 and a quick ratio of 1.69. The stock’s fifty day moving average price is $74.31 and its 200 day moving average price is $70.05. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 3.43 and a beta of 0.76.

Brady Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, October 10th. This is an increase from Brady’s previous quarterly dividend of $0.24. This represents a $0.96 annualized dividend and a yield of 1.38%. Brady’s dividend payout ratio is currently 23.59%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Brady from a “strong-buy” rating to a “buy” rating in a report on Friday, October 11th.

Insider Activity at Brady

In other Brady news, COO Thomas F. Debruine sold 2,851 shares of Brady stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $75.77, for a total value of $216,020.27. Following the sale, the chief operating officer now owns 9,727 shares of the company’s stock, valued at approximately $737,014.79. The trade was a 22.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Andrew Gorman sold 8,736 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $74.10, for a total value of $647,337.60. Following the transaction, the general counsel now directly owns 10,140 shares of the company’s stock, valued at approximately $751,374. This trade represents a 46.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,262 shares of company stock worth $3,371,231 in the last three months. 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 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.