Brady (NYSE:BRC) Updates FY 2024 Earnings Guidance

Brady (NYSE:BRC) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.080-4.150 for the period, compared to the consensus estimate of 3.990. The company issued revenue guidance of -. Brady also updated its FY24 guidance to $4.08-$4.15 EPS.

Brady Trading Up 0.5 %

Shares of BRC opened at $67.43 on Thursday. The firm has a market cap of $3.26 billion, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 2.17 and a beta of 0.76. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.13. The business has a 50-day moving average of $59.58 and a 200 day moving average of $58.72. Brady has a fifty-two week low of $46.77 and a fifty-two week high of $68.01.

Brady (NYSE:BRC) last released its quarterly earnings results on Wednesday, May 22nd. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.07. The firm had revenue of $343.40 million for the quarter, compared to analysts’ expectations of $339.80 million. Brady had a return on equity of 19.24% and a net margin of 14.08%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.95 EPS. As a group, research analysts forecast that Brady will post 4 EPS for the current year.

Brady Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 10th will be given a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, July 10th. Brady’s payout ratio is presently 24.54%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Brady from a strong-buy rating to a buy rating in a research note on Monday, February 26th.

Insider Activity at Brady

In other news, Director Nancy Lee Gioia sold 4,250 shares of Brady stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $59.20, for a total transaction of $251,600.00. Following the sale, the director now owns 11,551 shares of the company’s stock, valued at approximately $683,819.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Elizabeth P. Bruno sold 8,322 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $57.33, for a total value of $477,100.26. Following the completion of the transaction, the director now directly owns 333,593 shares in the company, valued at approximately $19,124,886.69. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Nancy Lee Gioia sold 4,250 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $59.20, for a total value of $251,600.00. Following the sale, the director now owns 11,551 shares in the company, valued at $683,819.20. The disclosure for this sale can be found here. Insiders have sold a total of 39,017 shares of company stock worth $2,283,667 over the last quarter. 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 company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.