Brady Corporation (BRC) Expected to Announce Earnings of $0.48 Per Share
Analysts predict that Brady Corporation (NYSE:BRC) will announce $0.48 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Brady Corporation’s earnings. The lowest EPS estimate is $0.47 and the highest is $0.49. Brady Corporation posted earnings of $0.44 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The firm is expected to report its next earnings results on Wednesday, November 15th.
On average, analysts expect that Brady Corporation will report full-year earnings of $1.92 per share for the current year, with EPS estimates ranging from $1.89 to $1.95. For the next fiscal year, analysts expect that the business will report earnings of $2.05 per share, with EPS estimates ranging from $2.00 to $2.14. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Brady Corporation.
Brady Corporation (NYSE:BRC) last issued its earnings results on Thursday, September 7th. The industrial products company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. Brady Corporation had a return on equity of 13.93% and a net margin of 8.59%. The business had revenue of $289.20 million during the quarter, compared to analyst estimates of $280.47 million. During the same quarter in the previous year, the firm earned $0.49 EPS. Brady Corporation’s revenue was up 2.5% on a year-over-year basis.
Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded Brady Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Bank of America Corporation raised their price target on Brady Corporation from $33.00 to $34.00 and gave the stock an “underperform” rating in a report 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 report on Thursday, August 24th. Finally, BidaskClub downgraded Brady Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Two investment 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 has an average rating of “Hold” and an average price target of $38.33.
Shares of Brady Corporation (NYSE BRC) traded down 0.26% during trading on Thursday, reaching $38.80. The company’s stock had a trading volume of 10,887 shares. The firm’s 50-day moving average is $35.27 and its 200-day moving average is $35.91. The stock has a market capitalization of $1.99 billion, a PE ratio of 21.26 and a beta of 1.13. Brady Corporation has a 12-month low of $31.70 and a 12-month high of $40.50.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 10th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 8.53%. The ex-dividend date of this dividend is Friday, October 6th. This is an increase from Brady Corporation’s previous quarterly dividend of $0.21. Brady Corporation’s dividend payout ratio (DPR) is currently 44.57%.
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In other Brady Corporation news, Director Elizabeth P. Bruno sold 24,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $36.75, for a total value of $882,000.00. Following the completion of the sale, the director now owns 371,509 shares of the company’s stock, valued at $13,652,955.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 15.60% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Riverhead Capital Management LLC raised its stake in shares of Brady Corporation by 62.9% in the second quarter. Riverhead Capital Management LLC now owns 3,095 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 1,195 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Brady Corporation in the second quarter worth about $118,000. Ameritas Investment Partners Inc. purchased a new position in shares of Brady Corporation in the first quarter worth about $153,000. Amalgamated Bank raised its stake in shares of Brady Corporation by 5.0% in the second quarter. Amalgamated Bank now owns 6,403 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 305 shares during the last quarter. Finally, Brighton Jones LLC purchased a new position in shares of Brady Corporation in the first quarter worth about $232,000. 75.95% of the stock is owned by institutional investors and hedge funds.
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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