Brady (BRC) Scheduled to Post Earnings on Thursday

Brady (NYSE:BRC) will be releasing its earnings data before the market opens on Thursday, February 22nd. Analysts expect Brady to post earnings of $0.44 per share for the quarter.

Brady (NYSE:BRC) last issued its quarterly earnings results on Thursday, November 16th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. Brady had a net margin of 8.81% and a return on equity of 13.90%. The business had revenue of $290.15 million for the quarter, compared to analyst estimates of $286.75 million. During the same quarter in the prior year, the business posted $0.44 EPS. Brady’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, analysts expect Brady to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Brady (NYSE BRC) opened at $37.50 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.62 and a current ratio of 2.19. Brady has a 52 week low of $31.70 and a 52 week high of $40.50. The stock has a market cap of $1,930.00, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 2.55 and a beta of 1.15.

A number of brokerages have issued reports on BRC. SunTrust Banks restated a “hold” rating and set a $38.00 price target on shares of Brady in a research note on Friday, October 27th. Bank of America upped their price target on shares of Brady from $34.00 to $35.00 and gave the company an “underperform” rating in a research note on Friday, November 17th. Finally, Zacks Investment Research lowered shares of Brady from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $41.00.

In other news, VP Thomas J. Felmer sold 10,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were 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 in the company, valued at $3,060,486. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Bentley Curran sold 21,784 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $39.01, for a total transaction of $849,793.84. Following the completion of the sale, the vice president now owns 52,597 shares in the company, valued at approximately $2,051,808.97. The disclosure for this sale can be found here. Insiders sold 59,813 shares of company stock worth $2,336,542 in the last quarter. Company insiders own 15.60% of the company’s stock.

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Brady 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.

Earnings History for Brady (NYSE:BRC)

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