Brady (BRC) Releases FY19 Earnings Guidance

Brady (NYSE:BRC) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.35-2.40 for the period, compared to the Thomson Reuters consensus estimate of $2.30. Brady also updated its FY 2019 guidance to $2.35-2.40 EPS.

A number of brokerages have recently commented on BRC. Zacks Investment Research cut shares of Brady from a hold rating to a sell rating in a research report on Tuesday. ValuEngine cut shares of Brady from a buy rating to a hold rating in a research report on Wednesday, May 15th. Finally, Northcoast Research reiterated a buy rating on shares of Brady in a research report on Wednesday, February 13th. Two analysts have 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. Brady currently has a consensus rating of Hold and an average price target of $46.00.

Shares of NYSE BRC opened at $45.99 on Thursday. The stock has a market capitalization of $2.49 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 2.72 and a beta of 0.98. The company has a quick ratio of 2.34, a current ratio of 3.06 and a debt-to-equity ratio of 0.06. Brady has a 52 week low of $36.00 and a 52 week high of $50.12.

Brady (NYSE:BRC) last issued its earnings results on Thursday, May 23rd. The industrial products company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.09. The business had revenue of $289.75 million during the quarter, compared to analysts’ expectations of $292.66 million. Brady had a net margin of 10.31% and a return on equity of 15.17%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 earnings per share. As a group, equities research analysts predict that Brady will post 2.31 EPS for the current fiscal year.

In related news, CEO J Michael Nauman sold 20,488 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $48.14, for a total value of $986,292.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Louis T. Bolognini sold 11,131 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $47.32, for a total transaction of $526,718.92. Following the completion of the sale, the senior vice president now directly owns 37,971 shares of the company’s stock, valued at approximately $1,796,787.72. The disclosure for this sale can be found here. Insiders sold 99,779 shares of company stock valued at $4,753,943 over the last quarter. Company insiders own 15.60% of the company’s stock.

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Brady Company Profile

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 and Estimates for Brady (NYSE:BRC)

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