Wall Street analysts expect that Brady Corp (NYSE:BRC) will announce earnings per share (EPS) of $0.44 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Brady’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.45. Brady reported earnings per share of $0.40 during the same quarter last year, which suggests a positive year-over-year growth rate of 10%. The business is expected to report its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Brady will report full-year earnings of $1.93 per share for the current year, with EPS estimates ranging from $1.90 to $1.95. For the next fiscal year, analysts forecast that the company will report earnings of $2.07 per share, with EPS estimates ranging from $2.01 to $2.11. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Brady.

Brady (NYSE:BRC) last released its quarterly earnings results on Thursday, November 16th. The industrial products company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The business 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 EPS.

A number of research firms have weighed in on BRC. Zacks Investment Research downgraded Brady from a “hold” rating to a “sell” rating in a report on Wednesday. Bank of America upgraded Brady from an “underperform” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Tuesday, January 2nd. SunTrust Banks reiterated a “hold” rating and set a $39.00 target price on shares of Brady in a report on Friday, November 17th. Finally, Robert W. Baird reiterated a “hold” rating and set a $36.00 target price on shares of Brady in a report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $41.00.

Brady (NYSE:BRC) traded up $0.10 on Thursday, reaching $38.95. The company’s stock had a trading volume of 97,800 shares, compared to its average volume of 138,345. The company has a market cap of $2,003.03, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 2.69 and a beta of 1.19. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.19 and a quick ratio of 1.62. Brady has a fifty-two week low of $31.70 and a fifty-two week high of $40.50.

The company 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 of this dividend is Tuesday, January 9th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 2.13%. Brady’s dividend payout ratio (DPR) is 43.92%.

In other Brady news, VP Thomas J. Felmer sold 2,649 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $39.52, for a total transaction of $104,688.48. Following the transaction, the vice president now owns 57,668 shares in the company, valued at approximately $2,279,039.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas J. Felmer sold 10,000 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now owns 78,474 shares in the company, valued at approximately $3,060,486. The disclosure for this sale can be found here. Insiders have sold a total of 18,029 shares of company stock worth $706,748 in the last quarter. Company insiders own 15.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. Eaton Vance Management grew its stake in shares of Brady by 0.3% in the 2nd quarter. Eaton Vance Management now owns 11,521 shares of the industrial products company’s stock worth $391,000 after buying an additional 32 shares during the last quarter. Amalgamated Bank grew its stake in shares of Brady by 5.0% in the 2nd quarter. Amalgamated Bank now owns 6,403 shares of the industrial products company’s stock worth $217,000 after buying an additional 305 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Brady by 1.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,785 shares of the industrial products company’s stock worth $1,214,000 after buying an additional 456 shares during the last quarter. Suntrust Banks Inc. grew its stake in shares of Brady by 7.2% in the 2nd quarter. Suntrust Banks Inc. now owns 8,504 shares of the industrial products company’s stock worth $288,000 after buying an additional 571 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its stake in shares of Brady by 62.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,095 shares of the industrial products company’s stock worth $105,000 after buying an additional 1,195 shares during the last quarter. Institutional investors own 76.84% of the company’s stock.

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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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