Brady Corporation (BRC) Updates FY18 Earnings Guidance

Brady Corporation (NYSE:BRC) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $1.85-1.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.93.

A number of analysts recently commented on the company. Zacks Investment Research lowered Brady Corporation from a buy rating to a hold rating in a research note on Monday. SunTrust Banks, Inc. reaffirmed a hold rating and issued a $38.00 price target on shares of Brady Corporation in a research note on Friday, October 27th. Robert W. Baird reaffirmed a hold rating and issued a $36.00 price target on shares of Brady Corporation in a research note on Friday, October 13th. Finally, Bank of America Corporation raised their price target on Brady Corporation from $33.00 to $34.00 and gave the stock an underperform rating in a research note on Friday, September 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Brady Corporation currently has an average rating of Hold and an average target price of $38.80.

Brady Corporation (NYSE:BRC) opened at $39.75 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.18 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1,949.95, a price-to-earnings ratio of 21.69, a price-to-earnings-growth ratio of 2.64 and a beta of 1.18. Brady Corporation has a twelve month low of $31.70 and a twelve month high of $40.50.

Brady Corporation (NYSE:BRC) last posted its quarterly earnings data on Thursday, November 16th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $290.15 million during the quarter, compared to the consensus estimate of $286.75 million. Brady Corporation had a return on equity of 13.93% and a net margin of 8.59%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.44 earnings per share. equities analysts forecast that Brady Corporation will post 1.92 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be issued a $0.2075 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 2.09%. Brady Corporation’s dividend payout ratio (DPR) is 45.11%.

In other Brady Corporation news, Director Elizabeth P. Bruno sold 24,000 shares of the stock in a transaction on Monday, September 25th. The stock was sold at an average price of $36.75, for a total value of $882,000.00. Following the completion of the transaction, the director now owns 371,509 shares in the company, valued at $13,652,955.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 15.60% of the stock is currently owned by corporate insiders.

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Brady Corporation 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.

Earnings History and Estimates for Brady Corporation (NYSE:BRC)

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