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.
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