Wall Street analysts forecast that Brady Co. (NYSE:BRC) will post earnings per share (EPS) of $0.49 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Brady’s earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.47. Brady posted earnings of $0.43 per share during the same quarter last year, which would indicate a positive year over year growth rate of 14%. The business is scheduled to issue its next quarterly earnings results on Thursday, May 24th.
According to Zacks, analysts expect that Brady will report full-year earnings of $1.98 per share for the current fiscal year, with EPS estimates ranging from $1.97 to $2.00. For the next year, analysts expect that the business will post earnings of $2.19 per share, with EPS estimates ranging from $2.13 to $2.28. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Brady.
Brady (NYSE:BRC) last posted its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. The firm had revenue of $287.78 million for the quarter, compared to analysts’ expectations of $277.17 million. Brady had a return on equity of 14.10% and a net margin of 6.82%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS.
Several analysts recently issued reports on BRC shares. Bank of America raised Brady from an “underperform” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Tuesday, January 2nd. Zacks Investment Research raised Brady from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Brady presently has a consensus rating of “Hold” and a consensus target price of $39.50.
BRC remained flat at $$37.90 on Friday. The company had a trading volume of 237,694 shares, compared to its average volume of 200,420. The company has a market cap of $1,954.54, a P/E ratio of 21.74, a PEG ratio of 2.54 and a beta of 1.13. Brady has a 52 week low of $31.70 and a 52 week high of $40.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.41 and a quick ratio of 1.75.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 9th will be paid a dividend of $0.2075 per share. This represents a $0.83 annualized dividend and a yield of 2.19%. The ex-dividend date is Friday, April 6th. Brady’s dividend payout ratio (DPR) is presently 47.43%.
In other Brady news, VP Bentley Curran sold 21,784 shares of Brady stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $39.01, for a total value of $849,793.84. Following the sale, the vice president now owns 52,597 shares of the company’s stock, valued at approximately $2,051,808.97. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 15.60% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in BRC. BlackRock Inc. increased its stake in Brady by 3.3% in the 4th quarter. BlackRock Inc. now owns 6,081,722 shares of the industrial products company’s stock worth $230,496,000 after acquiring an additional 196,730 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Brady by 17.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 879,895 shares of the industrial products company’s stock worth $33,349,000 after acquiring an additional 130,046 shares during the last quarter. Acadian Asset Management LLC increased its stake in Brady by 193.0% in the 4th quarter. Acadian Asset Management LLC now owns 160,480 shares of the industrial products company’s stock worth $6,082,000 after acquiring an additional 105,705 shares during the last quarter. Dean Investment Associates LLC bought a new stake in Brady in the 4th quarter worth approximately $3,644,000. Finally, Wells Fargo & Company MN increased its stake in Brady by 7.3% in the 4th quarter. Wells Fargo & Company MN now owns 1,137,888 shares of the industrial products company’s stock worth $43,126,000 after acquiring an additional 77,783 shares during the last quarter. 79.21% of the stock is currently owned by institutional investors and hedge funds.
Brady Company Profile
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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