Brady (NYSE:BRC) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.90-2.00 for the period, compared to the Thomson Reuters consensus estimate of $1.95.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Brady from a sell rating to a hold rating in a research note on Monday, January 29th. SunTrust Banks reissued a hold rating and issued a $38.00 price target on shares of Brady in a research note on Friday, October 27th. Finally, Bank of America raised shares of Brady from an underperform rating to a buy rating and set a $42.00 price target on the stock in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Brady presently has an average rating of Hold and a consensus price target of $40.00.
Brady (BRC) traded up $0.57 during trading on Thursday, hitting $38.62. 122,781 shares of the stock were exchanged, compared to its average volume of 168,656. The stock has a market cap of $1,956.63, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 2.63 and a beta of 1.15. Brady has a twelve month low of $31.70 and a twelve month high of $40.50. The company has a quick ratio of 1.62, a current ratio of 2.19 and a debt-to-equity ratio of 0.13.
Brady (NYSE:BRC) last announced its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The firm had revenue of $287.78 million during the quarter, compared to analysts’ expectations of $277.17 million. Brady had a net margin of 8.81% and a return on equity of 13.90%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 earnings per share. equities research analysts forecast that Brady will post 1.92 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 9th will be issued a $0.2075 dividend. This represents a $0.83 dividend on an annualized basis and a dividend yield of 2.15%. Brady’s dividend payout ratio (DPR) is currently 43.92%.
In related news, VP Thomas J. Felmer sold 2,649 shares of Brady stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $39.52, for a total value of $104,688.48. Following the completion of the transaction, the vice president now owns 57,668 shares in the company, valued at $2,279,039.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Bentley Curran sold 21,784 shares of Brady stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $39.01, for a total transaction of $849,793.84. Following the completion of the transaction, the vice president now owns 52,597 shares of the company’s stock, valued at approximately $2,051,808.97. The disclosure for this sale can be found here. Insiders sold 48,413 shares of company stock valued at $1,891,732 in the last 90 days. Company insiders own 15.60% of the company’s stock.
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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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