Brady (BRC) Releases FY19 Earnings Guidance

Brady (NYSE:BRC) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.20-2.30 for the period, compared to the Thomson Reuters consensus estimate of $2.20. Brady also updated its FY 2019 guidance to $2.20-2.30 EPS.

Shares of BRC opened at $43.08 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.47 and a quick ratio of 1.88. The company has a market cap of $2.18 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 2.54 and a beta of 1.22. Brady has a 12 month low of $35.00 and a 12 month high of $47.35.

Brady (NYSE:BRC) last released its earnings results on Thursday, November 15th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.06. Brady had a return on equity of 14.67% and a net margin of 7.76%. The business had revenue of $293.20 million during the quarter, compared to the consensus estimate of $295.67 million. During the same period last year, the business posted $0.49 earnings per share. On average, equities research analysts predict that Brady will post 2.22 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Thursday, January 10th will be given a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, January 9th. Brady’s dividend payout ratio is currently 41.67%.

A number of analysts have issued reports on the company. Zacks Investment Research raised Brady from a hold rating to a buy rating and set a $52.00 target price for the company in a research report on Monday, September 17th. Sidoti downgraded Brady from a buy rating to a neutral rating in a research report on Tuesday, September 18th. Bank of America set a $42.00 target price on Brady and gave the stock 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $44.33.

In other Brady news, VP Thomas J. Felmer sold 3,703 shares of the firm’s stock in a transaction on Friday, September 28th. The stock was sold at an average price of $43.76, for a total value of $162,043.28. Following the completion of the sale, the vice president now directly owns 58,330 shares of the company’s stock, valued at $2,552,520.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Elizabeth P. Bruno sold 24,000 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $43.86, for a total value of $1,052,640.00. Following the completion of the sale, the director now directly owns 35,090 shares of the company’s stock, valued at $1,539,047.40. The disclosure for this sale can be found here. Insiders sold 181,281 shares of company stock valued at $7,913,313 over the last three months. Company insiders own 15.60% of the company’s stock.

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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 and Estimates for Brady (NYSE:BRC)

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