Brady (BRC) Announces Earnings Results, Beats Estimates By $0.14 EPS

Brady (NYSE:BRC) posted its earnings results on Thursday, September 13th. The industrial products company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.14, MarketWatch Earnings reports. The company had revenue of $297.50 million during the quarter, compared to analyst estimates of $297.04 million. Brady had a return on equity of 14.67% and a net margin of 7.76%. Brady’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. Brady updated its FY19 guidance to $2.15-2.25 EPS.

Shares of NYSE BRC traded down $0.59 during mid-day trading on Friday, hitting $42.45. The stock had a trading volume of 173,643 shares, compared to its average volume of 230,354. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.47 and a quick ratio of 1.88. Brady has a twelve month low of $35.00 and a twelve month high of $47.35. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 2.65 and a beta of 1.16.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Wednesday, October 10th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 8.01%. This is an increase from Brady’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, October 9th. Brady’s dividend payout ratio is presently 40.69%.

In related news, VP Bentley Curran sold 15,000 shares of the company’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $44.84, for a total value of $672,600.00. Following the transaction, the vice president now directly owns 46,364 shares of the company’s stock, valued at approximately $2,078,961.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Elizabeth P. Bruno sold 24,000 shares of the company’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $43.86, for a total value of $1,052,640.00. Following the completion of the transaction, the director now directly owns 35,090 shares in the company, valued at $1,539,047.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 181,281 shares of company stock worth $7,913,313. 15.60% of the stock is owned by insiders.

BRC has been the subject of a number of analyst reports. Bank of America set a $42.00 target price on Brady and gave the stock a “sell” rating in a report on Monday, September 17th. Sidoti lowered Brady from a “buy” rating to a “neutral” rating in a report on Tuesday, September 18th. Zacks Investment Research upgraded Brady from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Monday, September 17th. Finally, ValuEngine upgraded Brady from a “hold” rating to a “buy” rating in a report on Thursday, September 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $42.25.

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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