Brady (BRC) Releases FY18 Earnings Guidance

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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About Brady

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.

Earnings History and Estimates for Brady (NYSE:BRC)

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