Brady Corporation (BRC) Scheduled to Post Quarterly Earnings on Thursday

Brady Corporation (NYSE:BRC) will issue its quarterly earnings data before the market opens on Thursday, November 16th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Brady Corporation has set its FY18 guidance at $1.85-1.95 EPS.

Brady Corporation (NYSE:BRC) last issued its earnings results on Thursday, September 7th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The company had revenue of $289.20 million during the quarter, compared to analysts’ expectations of $280.47 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 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. On average, analysts expect Brady Corporation to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Brady Corporation (BRC) opened at $38.00 on Tuesday. 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 $1,947.38, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 2.63 and a beta of 1.18. Brady Corporation has a twelve month low of $31.70 and a twelve month high of $40.50.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 10th were issued a $0.83 dividend. This is a boost from Brady Corporation’s previous quarterly dividend of $0.21. This represents a $3.32 annualized dividend and a yield of 8.74%. The ex-dividend date was Friday, October 6th. Brady Corporation’s dividend payout ratio is presently 45.11%.

BRC has been the subject of several analyst reports. Zacks Investment Research cut Brady Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Bank of America Corporation upped their target price on Brady Corporation from $33.00 to $34.00 and gave the company an “underperform” rating in a report on Friday, September 8th. Robert W. Baird restated a “hold” rating and issued a $36.00 target price on shares of Brady Corporation in a report on Friday, October 13th. Finally, SunTrust Banks, Inc. restated a “hold” rating and issued a $38.00 target price on shares of Brady Corporation in a report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.80.

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In other news, Director Elizabeth P. Bruno sold 24,000 shares of the company’s 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 transaction, the director now owns 371,509 shares of the company’s stock, valued at approximately $13,652,955.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 15.60% of the company’s stock.

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 for Brady Corporation (NYSE:BRC)

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