Analysts Anticipate Brady Corp (BRC) Will Announce Quarterly Sales of $286.37 Million

Equities analysts expect Brady Corp (NYSE:BRC) to post $286.37 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Brady’s earnings. The lowest sales estimate is $282.40 million and the highest is $288.80 million. Brady reported sales of $287.78 million in the same quarter last year, which indicates a negative year-over-year growth rate of 0.5%. The company is expected to announce its next quarterly earnings report before the market opens on Thursday, February 21st.

On average, analysts expect that Brady will report full-year sales of $1.19 billion for the current financial year. For the next year, analysts forecast that the company will post sales of $1.23 billion, with estimates ranging from $1.23 billion to $1.24 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Brady.

Brady (NYSE:BRC) last posted its earnings results on Thursday, November 15th. The industrial products company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.06. Brady had a return on equity of 15.01% and a net margin of 8.15%. The company had revenue of $293.20 million during the quarter, compared to the consensus estimate of $295.67 million. During the same quarter last year, the firm earned $0.49 earnings per share.

A number of brokerages recently commented on BRC. Zacks Investment Research upgraded Brady from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Monday, December 10th. Northcoast Research restated a “buy” rating on shares of Brady in a research report on Wednesday. Finally, SunTrust Banks restated a “hold” rating and issued a $43.00 price target on shares of Brady in a research report on Monday, November 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Brady has an average rating of “Hold” and a consensus price target of $46.00.

In related news, VP Thomas J. Felmer sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $47.00, for a total value of $940,000.00. Following the transaction, the vice president now owns 60,705 shares in the company, valued at $2,853,135. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Russell Shaller sold 10,000 shares of the firm’s stock in a transaction on Monday, November 26th. The stock was sold at an average price of $43.00, for a total value of $430,000.00. Following the completion of the transaction, the vice president now owns 55,851 shares in the company, valued at approximately $2,401,593. The disclosure for this sale can be found here. Insiders sold 61,667 shares of company stock worth $2,826,682 in the last 90 days. 15.60% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of BRC. PNC Financial Services Group Inc. grew its position in Brady by 44.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,595 shares of the industrial products company’s stock valued at $113,000 after acquiring an additional 793 shares during the last quarter. Advisor Group Inc. grew its position in Brady by 45.1% in the fourth quarter. Advisor Group Inc. now owns 2,717 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 845 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Brady in the third quarter valued at about $128,000. Ibex Investors LLC bought a new position in Brady in the third quarter valued at about $203,000. Finally, Raymond James & Associates bought a new position in Brady in the second quarter valued at about $253,000. Institutional investors own 79.67% of the company’s stock.

Shares of NYSE BRC opened at $46.81 on Friday. The company has a current ratio of 2.72, a quick ratio of 2.09 and a debt-to-equity ratio of 0.07. Brady has a 52 week low of $35.95 and a 52 week high of $47.36. The firm has a market capitalization of $2.47 billion, a P/E ratio of 22.95, a P/E/G ratio of 2.72 and a beta of 0.93.

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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Earnings History and Estimates for Brady (NYSE:BRC)

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