Brady (BRC) Announces Earnings Results, Beats Expectations By $0.06 EPS

Brady (NYSE:BRC) announced its earnings results on Thursday. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.06, MarketWatch Earnings reports. Brady had a return on equity of 14.67% and a net margin of 7.76%. The business had revenue of $293.20 million for the quarter, compared to analyst estimates of $295.67 million. During the same quarter last year, the firm earned $0.49 EPS. Brady updated its FY 2019 guidance to $2.20-2.30 EPS and its FY19 guidance to $2.20-2.30 EPS.

NYSE:BRC opened at $43.08 on Friday. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 20.67, a P/E/G ratio of 2.54 and a beta of 1.22. Brady has a twelve month low of $35.00 and a twelve month high of $47.35. The company has a current ratio of 2.47, a quick ratio of 1.88 and a debt-to-equity ratio of 0.07.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Thursday, January 10th will be given a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Wednesday, January 9th. Brady’s dividend payout ratio (DPR) is 41.67%.

A number of equities research analysts recently issued reports on the company. Sidoti lowered Brady from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 18th. Zacks Investment Research raised Brady from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Monday, September 17th. Bank of America set a $42.00 target price on Brady and gave the company a “sell” rating in a research report on Monday, September 17th. Finally, ValuEngine raised Brady from a “hold” rating to a “buy” rating in a research report on Thursday, September 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $44.33.

In other Brady news, VP Thomas J. Felmer sold 3,703 shares of the business’s stock in a transaction that occurred on Friday, September 28th. The stock was sold at an average price of $43.76, for a total transaction of $162,043.28. Following the transaction, the vice president now owns 58,330 shares of the company’s stock, valued at approximately $2,552,520.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Louis T. Bolognini sold 6,892 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $44.73, for a total value of $308,279.16. Following the transaction, the senior vice president now directly owns 33,486 shares in the company, valued at approximately $1,497,828.78. The disclosure for this sale can be found here. Insiders have sold a total of 181,281 shares of company stock worth $7,913,313 in the last ninety days. Insiders own 15.60% of the company’s stock.

Several large investors have recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Brady by 12.9% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,507 shares of the industrial products company’s stock worth $503,000 after purchasing an additional 1,311 shares during the last quarter. Pinebridge Investments L.P. increased its position in shares of Brady by 3.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 43,229 shares of the industrial products company’s stock worth $1,666,000 after purchasing an additional 1,404 shares during the last quarter. Strs Ohio increased its position in shares of Brady by 5.2% during the 2nd quarter. Strs Ohio now owns 30,100 shares of the industrial products company’s stock worth $1,160,000 after purchasing an additional 1,500 shares during the last quarter. Quantbot Technologies LP increased its position in shares of Brady by 51.9% during the 3rd quarter. Quantbot Technologies LP now owns 6,255 shares of the industrial products company’s stock worth $273,000 after purchasing an additional 2,138 shares during the last quarter. Finally, Federated Investors Inc. PA increased its position in shares of Brady by 11.5% during the 2nd quarter. Federated Investors Inc. PA now owns 25,992 shares of the industrial products company’s stock worth $1,002,000 after purchasing an additional 2,671 shares during the last quarter. 75.30% of the stock is currently owned by hedge funds and other institutional investors.

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About Brady

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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Earnings History for Brady (NYSE:BRC)

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