Brady (NYSE:BRC) Announces Quarterly Earnings Results

Brady (NYSE:BRC) released its quarterly earnings data on Thursday. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02), Yahoo Finance reports. The company had revenue of $265.90 million during the quarter, compared to analysts’ expectations of $251.25 million. Brady had a net margin of 12.40% and a return on equity of 16.51%. Brady’s quarterly revenue was down 8.2% on a year-over-year basis. During the same period last year, the firm earned $0.65 earnings per share.

Brady stock traded up $0.92 during mid-day trading on Friday, hitting $48.09. The company had a trading volume of 1,408 shares, compared to its average volume of 226,274. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 18.18, a P/E/G ratio of 2.70 and a beta of 0.75. Brady has a 12-month low of $33.00 and a 12-month high of $59.11. The company’s fifty day moving average is $43.50 and its 200-day moving average is $51.06. The company has a current ratio of 2.68, a quick ratio of 2.12 and a debt-to-equity ratio of 0.04.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be given a $0.218 dividend. The ex-dividend date is Thursday, July 9th. This represents a $0.87 dividend on an annualized basis and a yield of 1.81%. Brady’s dividend payout ratio is currently 35.37%.

A number of brokerages have commented on BRC. Sidoti raised Brady from a “neutral” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Friday. Zacks Investment Research lowered Brady from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Wells Fargo & Co increased their price target on Brady from $37.00 to $40.00 and gave the company an “underweight” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Brady currently has a consensus rating of “Hold” and an average price target of $48.50.

In other news, Director Elizabeth P. Bruno sold 8,400 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $50.93, for a total transaction of $427,812.00. Following the sale, the director now directly owns 359,819 shares in the company, valued at approximately $18,325,581.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 15.60% of the company’s stock.

About Brady

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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Earnings History for Brady (NYSE:BRC)

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