Q1 2018 EPS Estimates for Brady Corporation Increased by SunTrust Banks (BRC)
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.
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