Brady Corporation (NYSE:BRC) – Equities researchers at SunTrust Banks raised their Q2 2018 earnings estimates for Brady in a report issued on Thursday, according to Zacks Investment Research. SunTrust Banks analyst C. Brady now forecasts that the industrial products company will earn $0.42 per share for the quarter, up from their previous estimate of $0.41. SunTrust Banks currently has a “Hold” rating and a $39.00 target price on the stock. SunTrust Banks also issued estimates for Brady’s FY2018 earnings at $1.90 EPS, Q2 2019 earnings at $0.45 EPS and FY2019 earnings at $2.01 EPS.
Brady (NYSE:BRC) last posted its quarterly earnings data on Thursday, November 16th. The industrial products company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The firm had revenue of $290.15 million during the quarter, compared to analyst estimates of $286.75 million. Brady had a net margin of 8.81% and a return on equity of 13.90%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS.
Several other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Brady from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Bank of America lifted their price objective 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, Robert W. Baird reiterated a “hold” rating and issued a $36.00 price objective on shares of Brady in a research note on Friday, October 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.60.
Shares of Brady (NYSE BRC) traded down $0.10 during mid-day trading on Monday, hitting $38.90. 177,898 shares of the stock traded hands, compared to its average volume of 203,194. 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 12 month low of $31.70 and a 12 month high of $40.50. The stock has a market cap of $1,995.30, a price-to-earnings ratio of 21.50, a P/E/G ratio of 2.67 and a beta of 1.19.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be issued a $0.2075 dividend. This represents a $0.83 annualized dividend and a yield of 2.13%. The ex-dividend date is Tuesday, January 9th. Brady’s payout ratio is 43.92%.
In other Brady news, VP Thomas J. Felmer sold 10,000 shares of the firm’s 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 completion of the transaction, the vice president now directly owns 78,474 shares of the company’s stock, valued at approximately $3,060,486. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Elizabeth P. Bruno sold 24,000 shares of Brady stock in a transaction on Monday, September 25th. The stock was sold at an average price of $36.75, for a total transaction of $882,000.00. Following the sale, the director now directly owns 371,509 shares of the company’s stock, valued at $13,652,955.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,380 shares of company stock valued at $1,484,060. Insiders own 15.60% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of BRC. Riverhead Capital Management LLC lifted its holdings in shares of Brady by 62.9% during 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. SG Americas Securities LLC bought a new stake in shares of Brady during the 2nd quarter worth $118,000. Hartford Investment Management Co. bought a new stake in shares of Brady during the 3rd quarter worth $204,000. Amalgamated Bank lifted its stake in Brady by 5.0% in the second quarter. Amalgamated Bank now owns 6,403 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 305 shares during the last quarter. Finally, Brighton Jones LLC lifted its stake in Brady by 17.9% in the second quarter. Brighton Jones LLC now owns 7,085 shares of the industrial products company’s stock worth $240,000 after purchasing an additional 1,075 shares during the last quarter. 76.88% of the stock is owned by institutional investors.
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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.
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