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.
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.
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