Brady (NYSE:BRC) is set to post its quarterly earnings results before the market opens on Thursday, May 23rd. Analysts expect Brady to post earnings of $0.56 per share for the quarter. Brady has set its FY 2019 guidance at $2.25-2.35 EPS and its FY19 guidance at $2.25-2.35 EPS.
Brady (NYSE:BRC) last posted its quarterly earnings results on Thursday, February 21st. The industrial products company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Brady had a net margin of 10.31% and a return on equity of 15.17%. The firm had revenue of $282.40 million for the quarter, compared to analyst estimates of $285.50 million. During the same quarter last year, the firm posted $0.48 earnings per share. Brady’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, analysts expect Brady to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
NYSE BRC opened at $47.09 on Thursday. Brady has a one year low of $36.00 and a one year high of $50.12. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 3.06. The company has a market capitalization of $2.50 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 2.74 and a beta of 0.98.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th were issued a $0.2125 dividend. The ex-dividend date was Monday, April 8th. This represents a $0.85 annualized dividend and a yield of 1.81%. Brady’s payout ratio is 41.67%.
BRC has been the topic of several research reports. Zacks Investment Research upgraded shares of Brady from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Thursday, February 14th. Northcoast Research restated a “buy” rating on shares of Brady in a report on Wednesday, February 13th. Finally, ValuEngine lowered shares of Brady from a “buy” rating to a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $46.00.
In other news, CEO J Michael Nauman sold 20,488 shares of Brady stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $48.14, for a total transaction of $986,292.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Louis T. Bolognini sold 11,131 shares of Brady stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $47.32, for a total transaction of $526,718.92. Following the sale, the senior vice president now owns 37,971 shares in the company, valued at approximately $1,796,787.72. The disclosure for this sale can be found here. Insiders sold 99,779 shares of company stock worth $4,753,943 in the last 90 days. 15.60% of the stock is currently owned by insiders.
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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.
Further Reading: What Does a Sell-Side Analyst Rating Mean?
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