Analysts expect Brady Corp (NYSE:BRC) to post $0.53 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have issued estimates for Brady’s earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.53. Brady reported earnings of $0.48 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.4%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, February 21st.
According to Zacks, analysts expect that Brady will report full-year earnings of $2.28 per share for the current year, with EPS estimates ranging from $2.26 to $2.30. For the next financial year, analysts expect that the company will report earnings of $2.47 per share, with EPS estimates ranging from $2.44 to $2.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Brady.
Brady (NYSE:BRC) last posted its earnings results on Thursday, November 15th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.06. Brady had a return on equity of 15.01% and a net margin of 8.15%. The firm had revenue of $293.20 million for the quarter, compared to analyst estimates of $295.67 million. During the same quarter in the prior year, the company earned $0.49 EPS.
BRC has been the topic of a number of analyst reports. SunTrust Banks reaffirmed a “hold” rating and issued a $43.00 price target on shares of Brady in a research report on Monday, November 19th. Zacks Investment Research raised Brady from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Monday, December 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $44.00.
In other Brady news, VP Thomas J. Felmer sold 31,667 shares of the stock in a transaction dated Friday, January 18th. The stock was sold at an average price of $46.00, for a total value of $1,456,682.00. Following the sale, the vice president now owns 72,040 shares of the company’s stock, valued at approximately $3,313,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Russell Shaller sold 10,000 shares of the stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $43.00, for a total value of $430,000.00. Following the completion of the sale, the vice president now directly owns 55,851 shares in the company, valued at approximately $2,401,593. The disclosure for this sale can be found here. 15.60% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue raised its position in shares of Brady by 2.9% during the 4th quarter. State of Alaska Department of Revenue now owns 16,358 shares of the industrial products company’s stock worth $710,000 after acquiring an additional 460 shares in the last quarter. Bank of Montreal Can raised its position in shares of Brady by 11.1% during the 4th quarter. Bank of Montreal Can now owns 9,535 shares of the industrial products company’s stock worth $415,000 after acquiring an additional 955 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Brady by 12.9% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,507 shares of the industrial products company’s stock worth $503,000 after acquiring an additional 1,311 shares in the last quarter. Quantbot Technologies LP raised its position in shares of Brady by 51.9% during the 3rd quarter. Quantbot Technologies LP now owns 6,255 shares of the industrial products company’s stock worth $273,000 after acquiring an additional 2,138 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Brady during the 3rd quarter worth about $128,000. 76.79% of the stock is currently owned by institutional investors and hedge funds.
BRC traded down $0.81 during mid-day trading on Tuesday, hitting $44.48. 624,917 shares of the stock were exchanged, compared to its average volume of 393,500. Brady has a 1-year low of $35.00 and a 1-year high of $47.35. The company has a current ratio of 2.72, a quick ratio of 2.09 and a debt-to-equity ratio of 0.07. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.60 and a beta of 1.05.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Thursday, January 10th will be given a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Wednesday, January 9th. Brady’s dividend payout ratio is currently 41.67%.
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.
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