Global Brass and Copper Holdings, Inc. (BRSS) Releases Earnings Results, Beats Estimates By $0.01 EPS
Global Brass and Copper Holdings, Inc. (NYSE:BRSS) announced its earnings results on Wednesday. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01, Bloomberg Earnings reports. Global Brass and Copper Holdings had a net margin of 3.10% and a return on equity of 55.01%. The company had revenue of $378.60 million for the quarter, compared to analyst estimates of $376.00 million. During the same period in the prior year, the business earned $0.81 earnings per share. Global Brass and Copper Holdings’s quarterly revenue was up 8.5% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 13th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date of this dividend is Friday, November 10th.
A number of brokerages have recently issued reports on BRSS. Zacks Investment Research lowered shares of Global Brass and Copper Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. BidaskClub upgraded shares of Global Brass and Copper Holdings from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th.
In other news, Director Martin E. Welch sold 3,708 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $29.08, for a total value of $107,828.64. Following the sale, the director now directly owns 21,686 shares in the company, valued at approximately $630,628.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.20% of the company’s stock.
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Global Brass and Copper Holdings Company Profile
Global Brass and Copper Holdings, Inc is a converter, fabricator, processor and distributor of specialized non-ferrous products, including a range of sheet, strip, foil, rod, tube and fabricated metal component products. The Company operates through three segments: Olin Brass, Chase Brass and A.J. Oster.
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