Brady Corporation (BRC) to Post Q1 2018 Earnings of $0.48 Per Share, Northcoast Research Forecasts
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.
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