Brady Corp. (BRC) Posts Quarterly Earnings, Beats Expectations By $0.02 EPS
Brady Corp. (NYSE:BRC) announced its earnings results on Thursday. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.51 by $0.02, AR Network reports. The company had revenue of $309.10 million for the quarter, compared to the consensus estimate of $307.13 million.
A number of analysts have recently weighed in on BRC shares. Analysts at Robert W. Baird upgraded shares of Brady Corp. (NYSE:BRC) from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, August 27th. They now have a $41.00 price target on the stock, up previously from $35.00. On the ratings front, analysts at Zacks upgraded shares of Brady Corp. (NYSE:BRC) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 21st. They now have a $35.70 price target on the stock.
One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.43.
Brady Corp. (NYSE:BRC) opened at 32.59 on Thursday. Brady Corp. has a 52 week low of $29.11 and a 52 week high of $36.45. The stock’s 50-day moving average is $33.99 and its 200-day moving average is $33.12. The company has a market cap of $1.684 billion and a P/E ratio of 48.71.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 31st. Stockholders of record on Thursday, October 10th will be given a dividend of $0.20 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.39%.
Brady Corporation (NYSE:BRC) is an international manufacturer of identification solutions and specialty materials that identify and protect premises, products and people.
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