Brady Corporation (NYSE:BRC) – Equities researchers at Northcoast Research decreased their Q1 2018 earnings estimates for Brady Corporation in a research report issued to clients and investors on Friday. Northcoast Research analyst K. Housum now forecasts that the industrial products company will earn $0.48 per share for the quarter, down from their previous forecast of $0.51. Northcoast Research also issued estimates for Brady Corporation’s Q2 2018 earnings at $0.43 EPS and FY2019 earnings at $2.14 EPS.

Several other analysts have also weighed in on BRC. Bank of America Corporation boosted their price objective on Brady Corporation from $33.00 to $34.00 and gave the company an “underperform” rating in a report on Friday. Robert W. Baird set a $36.00 price objective on Brady Corporation and gave the company a “hold” rating in a report on Thursday, August 24th. Zacks Investment Research lowered Brady Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, BidaskClub lowered Brady Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Brady Corporation currently has an average rating of “Hold” and an average price target of $38.20.

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Brady Corporation (NYSE:BRC) opened at 35.90 on Monday. The company’s 50-day moving average price is $33.09 and its 200-day moving average price is $36.18. The stock has a market cap of $1.84 billion, a P/E ratio of 19.41 and a beta of 1.11. Brady Corporation has a 1-year low of $31.70 and a 1-year high of $40.50.

Brady Corporation (NYSE:BRC) last released its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The firm had revenue of $289.20 million for the quarter, compared to the consensus estimate of $280.47 million. Brady Corporation had a return on equity of 13.93% and a net margin of 8.59%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS.

Several large investors have recently bought and sold shares of BRC. Riverhead Capital Management LLC grew its holdings in shares of Brady Corporation by 62.9% during the second quarter. Riverhead Capital Management LLC now owns 3,095 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 1,195 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Brady Corporation during the second quarter valued at approximately $118,000. Ameritas Investment Partners Inc. bought a new position in shares of Brady Corporation during the first quarter valued at approximately $153,000. Amalgamated Bank grew its holdings in shares of Brady Corporation by 5.0% during the second quarter. Amalgamated Bank now owns 6,403 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 305 shares during the last quarter. Finally, Brighton Jones LLC bought a new position in shares of Brady Corporation during the first quarter valued at approximately $232,000. 76.57% of the stock is owned by institutional investors.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 10th will be issued a dividend of $0.83 per share. The ex-dividend date is Friday, October 6th. This is a positive change from Brady Corporation’s previous quarterly dividend of $0.21. This represents a $3.32 annualized dividend and a dividend yield of 9.25%. Brady Corporation’s dividend payout ratio is 44.57%.

About Brady Corporation

Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. The Company has two segments: Identification Solutions (IDS) and Workplace Safety (WPS). The IDS segment includes identification and healthcare products, and the WPS segment includes workplace safety and compliance products.

Earnings History and Estimates for Brady Corporation (NYSE:BRC)

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