Brady Corporation (NYSE:BRC) – Research analysts at SunTrust Banks upped their Q1 2018 EPS estimates for shares of Brady Corporation in a research report issued on Monday. SunTrust Banks analyst C. Brady now expects that the industrial products company will post earnings per share of $0.47 for the quarter, up from their previous estimate of $0.45. SunTrust Banks also issued estimates for Brady Corporation’s Q2 2018 earnings at $0.41 EPS, Q4 2018 earnings at $0.54 EPS, FY2018 earnings at $1.89 EPS and FY2019 earnings at $2.00 EPS.

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

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Several other research analysts have also weighed in on the company. Zacks Investment Research lowered Brady Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. Bank of America Corporation upped their price target on Brady Corporation from $33.00 to $34.00 and gave the stock an “underperform” rating in a research note on Friday, September 8th. Robert W. Baird set a $36.00 price target on Brady Corporation and gave the stock a “hold” rating in a research note on Thursday, August 24th. Finally, BidaskClub downgraded Brady Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Two 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. The stock currently has an average rating of “Hold” and an average price target of $39.25.

Brady Corporation (BRC) traded up 0.55% during trading on Thursday, reaching $36.30. The company had a trading volume of 5,271 shares. Brady Corporation has a 12 month low of $31.70 and a 12 month high of $40.50. The company has a market capitalization of $1.86 billion, a P/E ratio of 19.62 and a beta of 1.11. The stock has a 50 day moving average of $33.24 and a 200-day moving average of $36.09.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 10th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 9.20%. This is a boost from Brady Corporation’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, October 6th. Brady Corporation’s dividend payout ratio (DPR) is currently 44.57%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Eaton Vance Management increased its holdings in Brady Corporation by 0.3% during the 2nd quarter. Eaton Vance Management now owns 11,521 shares of the industrial products company’s stock valued at $391,000 after purchasing an additional 32 shares in the last quarter. Arizona State Retirement System increased its holdings in Brady Corporation by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 24,915 shares of the industrial products company’s stock valued at $845,000 after purchasing an additional 100 shares in the last quarter. Suntrust Banks Inc. increased its holdings in Brady Corporation by 1.6% during the 1st quarter. Suntrust Banks Inc. now owns 7,933 shares of the industrial products company’s stock valued at $306,000 after purchasing an additional 128 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Brady Corporation by 0.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 43,814 shares of the industrial products company’s stock valued at $1,485,000 after purchasing an additional 138 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its holdings in Brady Corporation by 1.6% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 13,400 shares of the industrial products company’s stock valued at $518,000 after purchasing an additional 210 shares in the last quarter. 76.57% of the stock is owned by hedge funds and other institutional investors.

Brady Corporation Company Profile

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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