Wall Street brokerages predict that Brady Corp (NYSE:BRC) will announce earnings per share of $0.52 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Brady’s earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.51. Brady reported earnings per share of $0.48 during the same quarter last year, which suggests a positive year over year growth rate of 8.3%. The firm is scheduled to issue its next earnings report on Thursday, September 6th.
On average, analysts expect that Brady will report full year earnings of $1.99 per share for the current year, with EPS estimates ranging from $1.98 to $2.00. For the next financial year, analysts forecast that the business will report earnings of $2.16 per share, with EPS estimates ranging from $2.10 to $2.26. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Brady.
Brady (NYSE:BRC) last announced its earnings results on Thursday, May 24th. The industrial products company reported $0.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.49. The business had revenue of $298.40 million for the quarter, compared to analyst estimates of $292.07 million. Brady had a return on equity of 14.23% and a net margin of 6.98%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS.
Separately, Zacks Investment Research upgraded Brady from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Monday, May 28th.
NYSE BRC traded up $0.15 during trading on Thursday, reaching $39.50. The company’s stock had a trading volume of 4,703 shares, compared to its average volume of 232,597. The firm has a market capitalization of $2.06 billion, a P/E ratio of 22.57, a P/E/G ratio of 2.67 and a beta of 1.16. The company has a quick ratio of 1.71, a current ratio of 2.34 and a debt-to-equity ratio of 0.08. Brady has a one year low of $31.70 and a one year high of $40.90.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Tuesday, July 10th will be paid a $0.2075 dividend. The ex-dividend date is Monday, July 9th. This represents a $0.83 dividend on an annualized basis and a yield of 2.10%. Brady’s dividend payout ratio is currently 47.43%.
In other news, Director Frank W. Harris sold 2,000 shares of the stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $39.94, for a total transaction of $79,880.00. Following the transaction, the director now directly owns 26,690 shares in the company, valued at approximately $1,065,998.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas J. Felmer sold 11,667 shares of the stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $40.50, for a total value of $472,513.50. Following the transaction, the vice president now owns 69,633 shares in the company, valued at $2,820,136.50. The disclosure for this sale can be found here. Insiders have sold a total of 14,667 shares of company stock worth $593,004 over the last quarter. Corporate insiders own 15.60% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Allianz Asset Management GmbH increased its position in shares of Brady by 6.6% during the 1st quarter. Allianz Asset Management GmbH now owns 59,326 shares of the industrial products company’s stock valued at $2,204,000 after purchasing an additional 3,647 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Brady by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 399,529 shares of the industrial products company’s stock valued at $14,843,000 after purchasing an additional 10,963 shares during the last quarter. Handelsbanken Fonder AB bought a new position in shares of Brady during the 1st quarter valued at about $372,000. Xact Kapitalforvaltning AB bought a new position in shares of Brady during the 1st quarter valued at about $331,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Brady during the 1st quarter valued at about $1,122,000. Hedge funds and other institutional investors own 76.54% of the company’s stock.
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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