$277.38 Million in Sales Expected for Brady Corporation (BRC) This Quarter

Wall Street brokerages expect that Brady Corporation (NYSE:BRC) will report $277.38 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Brady’s earnings. The lowest sales estimate is $276.60 million and the highest is $278.20 million. Brady reported sales of $268.00 million during the same quarter last year, which indicates a positive year over year growth rate of 3.5%. The business is expected to announce its next earnings report on Thursday, February 22nd.

On average, analysts expect that Brady will report full year sales of $277.38 million for the current fiscal year, with estimates ranging from $1.14 billion to $1.15 billion. For the next financial year, analysts forecast that the business will report sales of $1.19 billion per share, with estimates ranging from $1.18 billion to $1.20 billion. Zacks’ sales averages are an average based on a survey of research analysts that follow Brady.

Brady (NYSE:BRC) last announced its quarterly earnings results on Thursday, November 16th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $290.15 million during the quarter, compared to analyst estimates of $286.75 million. Brady had a return on equity of 13.90% and a net margin of 8.81%. Brady’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 earnings per share.

A number of analysts have weighed in on BRC shares. Zacks Investment Research lowered Brady from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Bank of America upped their target price on Brady from $34.00 to $35.00 and gave the stock an “underperform” rating in a report on Friday, November 17th. Robert W. Baird restated a “hold” rating and set a $36.00 target price on shares of Brady in a report on Friday, October 13th. Finally, SunTrust Banks restated a “hold” rating and set a $39.00 target price on shares of Brady in a report on Friday, November 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Brady has a consensus rating of “Hold” and an average target price of $39.60.

In other Brady news, Director Bradley C. Richardson sold 1,400 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $39.15, for a total transaction of $54,810.00. Following the completion of the sale, the director now owns 2,511 shares in the company, valued at $98,305.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Thomas J. Felmer sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $39.00, for a total value of $390,000.00. Following the sale, the vice president now owns 78,474 shares of the company’s stock, valued at approximately $3,060,486. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,400 shares of company stock valued at $1,326,810. 15.60% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp lifted its holdings in shares of Brady by 3.0% during the 2nd quarter. Northern Trust Corp now owns 622,251 shares of the industrial products company’s stock valued at $21,094,000 after purchasing an additional 18,411 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Brady by 1.3% during the 2nd quarter. BlackRock Inc. now owns 5,730,661 shares of the industrial products company’s stock valued at $194,270,000 after purchasing an additional 71,895 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Brady during the 2nd quarter valued at $5,218,000. JPMorgan Chase & Co. lifted its holdings in shares of Brady by 10.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,629,633 shares of the industrial products company’s stock valued at $123,045,000 after purchasing an additional 345,775 shares during the last quarter. Finally, Brighton Jones LLC lifted its holdings in shares of Brady by 17.9% during the 2nd quarter. Brighton Jones LLC now owns 7,085 shares of the industrial products company’s stock valued at $240,000 after purchasing an additional 1,075 shares during the last quarter. Hedge funds and other institutional investors own 77.23% of the company’s stock.

Shares of Brady (NYSE:BRC) traded down $0.30 during midday trading on Thursday, hitting $39.10. The company had a trading volume of 335,390 shares, compared to its average volume of 202,698. The company has a quick ratio of 1.62, a current ratio of 2.19 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2,030.00, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 2.73 and a beta of 1.18. Brady has a 12-month low of $31.70 and a 12-month high of $40.50.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be issued a dividend of $0.2075 per share. The ex-dividend date is Tuesday, January 9th. This represents a $0.83 dividend on an annualized basis and a yield of 2.12%. Brady’s dividend payout ratio is currently 44.15%.

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About Brady

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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Earnings History and Estimates for Brady (NYSE:BRC)

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