Q3 2018 Earnings Estimate for Brady Corp (BRC) Issued By Northcoast Research

Brady Corp (NYSE:BRC) – Equities researchers at Northcoast Research raised their Q3 2018 earnings per share estimates for Brady in a note issued to investors on Thursday. Northcoast Research analyst K. Housum now anticipates that the industrial products company will earn $0.50 per share for the quarter, up from their previous forecast of $0.47. Northcoast Research also issued estimates for Brady’s Q4 2019 earnings at $0.66 EPS and FY2019 earnings at $2.28 EPS.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Brady from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th. Bank of America raised shares of Brady from an “underperform” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Tuesday, January 2nd. SunTrust Banks reaffirmed a “hold” rating and issued a $39.00 price objective on shares of Brady in a research report on Friday, November 17th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Brady in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $41.00.

Shares of Brady (NYSE BRC) opened at $39.20 on Monday. The company has a quick ratio of 1.62, a current ratio of 2.19 and a debt-to-equity ratio of 0.13. Brady has a one year low of $31.70 and a one year high of $40.50. The firm has a market cap of $2,021.07, a price-to-earnings ratio of 21.78, a P/E/G ratio of 2.72 and a beta of 1.19.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th will be issued a dividend of $0.2075 per share. This represents a $0.83 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Tuesday, January 9th. Brady’s dividend payout ratio is currently 43.92%.

In other Brady news, VP Thomas J. Felmer sold 2,649 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $39.52, for a total value of $104,688.48. Following the sale, the vice president now owns 57,668 shares of the company’s stock, valued at approximately $2,279,039.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Thomas J. Felmer sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $39.00, for a total transaction of $390,000.00. Following the completion of the sale, the vice president now directly owns 78,474 shares in the company, valued at approximately $3,060,486. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 59,813 shares of company stock worth $2,336,542. 15.60% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in BRC. Riverhead Capital Management LLC grew its holdings in 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 acquiring an additional 1,195 shares during the last quarter. Hartford Investment Management Co. bought a new stake in Brady in the 3rd quarter worth $204,000. Amalgamated Bank grew its holdings in 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 acquiring an additional 305 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Brady by 54.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 7,316 shares of the industrial products company’s stock worth $248,000 after purchasing an additional 2,591 shares during the period. Finally, Bowling Portfolio Management LLC purchased a new stake in shares of Brady in the 4th quarter worth about $276,000. 77.09% of the stock is currently owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for Brady (NYSE:BRC)

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