Brady Corp. (BRC) Releases Quarterly Earnings Results
Brady Corp. (NYSE:BRC) issued its quarterly earnings data on Thursday. The company reported $0.25 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.38 by $0.13, Stock Ratings News reports. The company had revenue of $291.20 million for the quarter, compared to the consensus estimate of $301.03 million. Brady Corp. updated its FY14 guidance to $1.55-1.75 EPS.
Brady Corp. (NYSE:BRC) traded down 2.12% on Thursday, hitting $26.7801. 125,050 shares of the company’s stock traded hands. Brady Corp. has a 52 week low of $26.42 and a 52 week high of $35.75. The stock’s 50-day moving average is $29.36 and its 200-day moving average is $30.59. The company’s market cap is $1.397 billion.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, April 30th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.85%.
A number of research firms have recently commented on BRC. Analysts at Zacks upgraded shares of Brady Corp. from an “underperform” rating to a “neutral” rating in a research note on Friday, February 14th. They now have a $28.40 price target on the stock. Finally, analysts at Sidoti upgraded shares of Brady Corp. from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 27th. They now have a $39.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Brady Corp. presently has a consensus rating of “Hold” and a consensus target price of $32.10.
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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