Wall Street brokerages expect Brady Corp (NYSE:BRC) to report earnings per share (EPS) of $0.44 for the current quarter, according to Zacks. Four analysts have issued estimates for Brady’s earnings, with estimates ranging from $0.42 to $0.45. Brady reported earnings per share of $0.40 during the same quarter last year, which suggests a positive year-over-year growth rate of 10%. The company is expected to announce its next earnings report before the market opens on Thursday, February 22nd.
On average, analysts expect that Brady will report full year earnings of $1.92 per share for the current fiscal year, with EPS estimates ranging from $1.90 to $1.95. For the next financial year, analysts expect that the company will post earnings of $2.10 per share, with EPS estimates ranging from $2.01 to $2.28. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Brady.
Brady (NYSE:BRC) last announced its quarterly earnings results on Thursday, November 16th. The industrial products company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The company had revenue of $290.15 million during the quarter, compared to the consensus estimate of $286.75 million. Brady had a net margin of 8.81% and a return on equity of 13.90%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 earnings per share.
Several equities research analysts recently weighed in on BRC shares. Zacks Investment Research raised shares of Brady from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Monday, November 20th. Bank of America raised shares of Brady from an “underperform” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Tuesday, January 2nd. SunTrust Banks reissued a “hold” rating and set a $38.00 price target on shares of Brady in a research report on Friday, October 27th. Finally, Robert W. Baird reissued a “hold” rating and set a $36.00 price target on shares of Brady in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $41.00.
In other news, VP Thomas J. Felmer sold 10,000 shares of Brady stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $39.00, for a total transaction of $390,000.00. Following the transaction, the vice president now owns 78,474 shares in the company, valued at approximately $3,060,486. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bradley C. Richardson sold 1,400 shares of Brady stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $39.15, for a total transaction of $54,810.00. Following the transaction, the director now owns 2,511 shares in the company, valued at approximately $98,305.65. The disclosure for this sale can be found here. Insiders sold 59,813 shares of company stock worth $2,336,542 in the last 90 days. 15.60% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Riverhead Capital Management LLC boosted its stake 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. Hartford Investment Management Co. purchased a new position in shares of Brady during the 3rd quarter worth $204,000. Amalgamated Bank boosted its stake in shares of Brady by 5.0% during the 2nd quarter. Amalgamated Bank now owns 6,403 shares of the industrial products company’s stock worth $217,000 after acquiring an additional 305 shares during the last quarter. Bowling Portfolio Management LLC purchased a new position in shares of Brady during the 4th quarter worth $276,000. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Brady by 54.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 7,316 shares of the industrial products company’s stock worth $248,000 after acquiring an additional 2,591 shares during the last quarter. Institutional investors and hedge funds own 77.08% of the company’s stock.
Shares of Brady (NYSE BRC) opened at $36.20 on Friday. The firm has a market cap of $1,853.51, a P/E ratio of 19.15, a P/E/G ratio of 2.49 and a beta of 1.15. The company has a current ratio of 2.19, a quick ratio of 1.62 and a debt-to-equity ratio of 0.13. Brady has a 1 year low of $31.70 and a 1 year high of $40.50.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th were issued a $0.2075 dividend. This represents a $0.83 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Tuesday, January 9th. Brady’s dividend payout ratio is currently 43.92%.
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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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