Analysts predict that Brady Corp (NYSE:BRC) will report $285.93 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Brady’s earnings, with estimates ranging from $282.40 million to $287.90 million. Brady reported sales of $287.78 million in the same quarter last year, which indicates a negative year over year growth rate of 0.6%. The business is expected to announce its next quarterly earnings results on Thursday, February 28th.
According to Zacks, analysts expect that Brady will report full-year sales of $1.19 billion for the current fiscal year. For the next year, analysts forecast that the company will post sales of $1.23 billion, with estimates ranging from $1.22 billion to $1.24 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Brady.
Brady (NYSE:BRC) last released its earnings results on Thursday, November 15th. The industrial products company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.06. The company had revenue of $293.20 million during the quarter, compared to the consensus estimate of $295.67 million. Brady had a net margin of 8.15% and a return on equity of 15.01%. During the same quarter in the previous year, the firm earned $0.49 EPS.
Several research analysts have recently commented on BRC shares. Zacks Investment Research raised shares of Brady from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Wednesday, November 28th. ValuEngine raised shares of Brady from a “hold” rating to a “buy” rating in a report on Thursday, September 6th. SunTrust Banks reaffirmed a “hold” rating and issued a $43.00 price target on shares of Brady in a report on Monday, November 19th. Sidoti lowered shares of Brady from a “buy” rating to a “neutral” rating in a report on Tuesday, September 18th. Finally, Bank of America set a $42.00 price target on shares of Brady and gave the company a “sell” rating in a report on Monday, September 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $44.00.
NYSE BRC opened at $41.34 on Friday. Brady has a one year low of $35.00 and a one year high of $47.35. The company has a quick ratio of 2.09, a current ratio of 2.72 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $2.16 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.41 and a beta of 1.21.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Thursday, January 10th will be issued a $0.2125 dividend. This represents a $0.85 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Wednesday, January 9th. Brady’s dividend payout ratio (DPR) is presently 41.67%.
In other Brady news, VP Thomas J. Felmer sold 35,000 shares of the business’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $42.71, for a total transaction of $1,494,850.00. Following the completion of the transaction, the vice president now directly owns 93,115 shares of the company’s stock, valued at approximately $3,976,941.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Russell Shaller sold 10,000 shares of the business’s stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $43.00, for a total transaction of $430,000.00. Following the transaction, the vice president now directly owns 55,851 shares of the company’s stock, valued at $2,401,593. The disclosure for this sale can be found here. Insiders sold a total of 179,614 shares of company stock valued at $7,858,550 over the last ninety days. Company insiders own 15.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Fort L.P. acquired a new position in Brady during the 2nd quarter valued at about $103,000. Point72 Hong Kong Ltd acquired a new position in Brady during the 3rd quarter valued at about $128,000. Bruderman Asset Management LLC acquired a new position in Brady during the 2nd quarter valued at about $115,000. Ibex Investors LLC acquired a new position in Brady during the 3rd quarter valued at about $203,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Brady during the 3rd quarter valued at about $257,000. 76.82% of the stock is owned by hedge funds and other institutional investors.
Brady Company Profile
Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The IDS segment offers safety signs, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials and printing systems for product identification, brand protection labeling, work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification, as well as software and services for safety compliance auditing, procedure writing, and training.
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